PARMAR VENTURES LTD


Directors	PARMAR, Harjit Kaur
	PARMAR, Veeru


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


Registered Number	04299033 (England and Wales)

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.

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.

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 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