REGISTERED NUMBER: 08816290 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Paramount Building Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Linney

REGISTERED OFFICE:

9A Woodgate Road

Burbage

Hinckley

Leicestershire

LE10 2UF

REGISTERED NUMBER:

08816290 (England and Wales)

ACCOUNTANTS:

MulliganWilliams

Unit 7, Salisbury House

Wheatfield Way

Hinckley

LEICESTER

LE10 1YG

FIXED ASSETS

Tangible assets

4

19,667

26,234

CURRENT ASSETS

Stocks

797,580

544,794

Debtors

5

90,860

91,183

Cash at bank and in hand

421,162

378,411

1,309,602

1,014,388

CREDITORS

Amounts falling due within one year

6

188,409

119,053

NET CURRENT ASSETS

1,121,193

895,335

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,860

921,569

PROVISIONS FOR LIABILITIES

4,917

5,822

NET ASSETS

1,135,943

915,747

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,135,843

915,647

SHAREHOLDERS' FUNDS

1,135,943

915,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 September 2025 and were signed by:

G Linney - Director

1.	STATUTORY INFORMATION

Paramount Building Contractors 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

200

79,872

80,072

DEPRECIATION

At 1 January 2024

190

53,648

53,838

Charge for year

10

6,557

6,567

At 31 December 2024

200

60,205

60,405

NET BOOK VALUE

At 31 December 2024

-

19,667

19,667

At 31 December 2023

10

26,224

26,234

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

85,992

86,484

Other debtors

4,868

4,699

90,860

91,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

23,184

75,571

Taxation and social security

163,194

41,146

Other creditors

2,031

2,336

188,409

119,053

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Linney by virtue of his majority shareholding.