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REGISTERED NUMBER: 06092936 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2025

for

Parma International Catering Supplies
Limited

Parma International Catering Supplies
Limited (Registered number: 06092936)






Contents of the Financial Statements
for the Year Ended 28th February 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Parma International Catering Supplies
Limited

Company Information
for the Year Ended 28th February 2025







DIRECTORS: Mr M Fatemifar
Mrs S Fatemifar





REGISTERED OFFICE: Unit 6-6a Washington Street
Netherton
Dudley
West Midlands
DY2 9PH





REGISTERED NUMBER: 06092936 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services
122 Wrottesley Road
Tettenhall
Wolverhampton
WV6 8UR

Parma International Catering Supplies
Limited (Registered number: 06092936)

Balance Sheet
28th February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,750 21,000
Tangible assets 5 51,753 43,077
67,503 64,077

CURRENT ASSETS
Stocks 6 373,176 363,684
Debtors 7 189,584 165,037
Cash at bank and in hand 25,449 19,669
588,209 548,390
CREDITORS
Amounts falling due within one year 8 508,571 491,959
NET CURRENT ASSETS 79,638 56,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,141

120,508

CREDITORS
Amounts falling due after more than
one year

9

(43,262

)

(26,815

)

PROVISIONS FOR LIABILITIES (9,833 ) (7,761 )
NET ASSETS 94,046 85,932

Parma International Catering Supplies
Limited (Registered number: 06092936)

Balance Sheet - continued
28th February 2025

28.2.25 29.2.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 94,044 85,930
SHAREHOLDERS' FUNDS 94,046 85,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th April 2025 and were signed on its behalf by:





Mr M Fatemifar - Director


Parma International Catering Supplies
Limited (Registered number: 06092936)

Notes to the Financial Statements
for the Year Ended 28th February 2025

1. STATUTORY INFORMATION

Parma International Catering Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Parma International Catering Supplies
Limited (Registered number: 06092936)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 23 ) .

Parma International Catering Supplies
Limited (Registered number: 06092936)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2024
and 28th February 2025 105,000
AMORTISATION
At 1st March 2024 84,000
Amortisation for year 5,250
At 28th February 2025 89,250
NET BOOK VALUE
At 28th February 2025 15,750
At 29th February 2024 21,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2024 95,742 23,803 45,736 26,915 192,196
Additions 8,500 147 20,587 - 29,234
Disposals - - (15,892 ) - (15,892 )
At 28th February 2025 104,242 23,950 50,431 26,915 205,538
DEPRECIATION
At 1st March 2024 81,574 21,093 22,624 23,828 149,119
Charge for year 5,630 749 12,898 1,281 20,558
Eliminated on disposal - - (15,892 ) - (15,892 )
At 28th February 2025 87,204 21,842 19,630 25,109 153,785
NET BOOK VALUE
At 28th February 2025 17,038 2,108 30,801 1,806 51,753
At 29th February 2024 14,168 2,710 23,112 3,087 43,077

Parma International Catering Supplies
Limited (Registered number: 06092936)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

6. STOCKS
28.2.25 29.2.24
£    £   
Stocks 373,176 363,684

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.25 29.2.24
£    £   
Trade debtors 172,909 150,216
Prepayments 16,675 14,821
189,584 165,037

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts (see note 10)
8,574

5,656
Trade creditors 475,924 435,598
Tax 8,161 10,016
Social security and other taxes 7,717 5,995
VAT 242 573
Other creditors 7,649 11,754
Directors' current accounts 304 22,367
508,571 491,959

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans (see note 10) 43,262 26,815

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,966 4,192

Parma International Catering Supplies
Limited (Registered number: 06092936)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

10. LOANS

An analysis of the maturity of loans is given below:

28.2.25 29.2.24
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,574 5,656

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,574 5,656

Amounts falling due between two and five years:
Bank loans - 2-5 years 25,722 16,967

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,966 4,192

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
2 Ordinary £1 2 2

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Fatemifar.