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PARMAR VENTURES LTD

Registered Number
04299033
(England and Wales)

Unaudited Financial Statements for the Year ended
29 October 2024

PARMAR VENTURES LTD
Company Information
for the year from 30 October 2023 to 29 October 2024

Directors | PARMAR, Harjit Kaur
| PARMAR, Veeru

Registered Address | Ground Floor, 899 Uxbridge Road
| Uxbridge
| UB10 0NH

Registered Number | 04299033 (England and Wales)

PARMAR VENTURES LTD
Balance Sheet as at
29 October 2024

| Notes | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 55,724 |  |  |  | 75,072
|  |  |  | 55,724 |  |  |  | 75,072
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 188,296 |  |  |  | 90,705 |  |
Debtors | 5 | 3,035,206 |  |  |  | 2,710,555 |  |
Current asset investments |  | 3,383,934 |  |  |  | 3,126,196 |  |
Cash at bank and on hand |  | 381,960 |  |  |  | 664,283 |  |
|  | 6,989,396 |  |  |  | 6,591,739 |  |
Creditors amounts falling due within one year | 6 | (565,906) |  |  |  | (665,177) |  |
Net current assets (liabilities) |  |  |  | 6,423,490 |  |  |  | 5,926,562
Total assets less current liabilities |  |  |  | 6,479,214 |  |  |  | 6,001,634
Creditors amounts falling due after one year | 7 |  |  | (44,565) |  |  |  | (57,062)
Net assets |  |  |  | 6,434,649 |  |  |  | 5,944,572
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 6,434,549 |  |  |  | 5,944,472
Shareholders' funds |  |  |  | 6,434,649 |  |  |  | 5,944,572

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2025, and are signed on its behalf by:
PARMAR, Veeru Director Registered Company No. 04299033

PARMAR VENTURES LTD
Notes to the Financial Statements
for the year ended 29 October 2024

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Vehicles | 25
| Office Equipment | 25

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. | Average number of employees
--- | ---

|  | 2024 |  | 2023
| Average number of employees during the year | 35 |  | 21

3. | Tangible fixed assets
--- | ---

|  | Vehicles |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 30 October 23 | 75,144 |  | 89,804 |  | 164,948
| Additions | - |  | 6,523 |  | 6,523
| Disposals | - |  | (70,808) |  | (70,808)
| At 29 October 24 | 75,144 |  | 25,519 |  | 100,663
| Depreciation and impairment
| At 30 October 23 | 19,942 |  | 69,934 |  | 89,876
| Charge for year | 13,839 |  | 3,095 |  | 16,934
| On disposals | - |  | (61,871) |  | (61,871)
| At 29 October 24 | 33,781 |  | 11,158 |  | 44,939
| Net book value
| At 29 October 24 | 41,363 |  | 14,361 |  | 55,724
| At 29 October 23 | 55,202 |  | 19,870 |  | 75,072

4. | Stocks
--- | ---
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Raw materials and consumables | 3,500 |  | 1,547
| Work in progress | 184,796 |  | 89,158
| Total | 188,296 |  | 90,705

5. | Debtors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 732,915 |  | 511,219
| Other debtors | 2,302,291 |  | 2,199,336
| Total | 3,035,206 |  | 2,710,555

6. | Creditors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 46,700 |  | 14,753
| Bank borrowings and overdrafts | 10,327 |  | 120,251
| Taxation and social security | 421,690 |  | 346,053
| Finance lease and HP contracts | 3,005 |  | 9,014
| Other creditors | 84,184 |  | 132,520
| Accrued liabilities and deferred income | - |  | 42,586
| Total | 565,906 |  | 665,177

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7. | Creditors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 7,210 |  | 16,701
| Other creditors | 37,355 |  | 40,361
| Total | 44,565 |  | 57,062

8. | Obligations under finance leases
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 37,356 |  | 40,360