REGISTERED NUMBER: 03902901 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2025

FOR

PARAMEX LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J C H Yates

P Hands

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

03902901 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

49,802

26,600

Investments

5

51

51

49,853

26,651

CURRENT ASSETS

Debtors

6

2,404,460

2,942,513

Cash at bank

335,626

475,507

2,740,086

3,418,020

CREDITORS

Amounts falling due within one year

7

1,983,140

2,625,522

NET CURRENT ASSETS

756,946

792,498

TOTAL ASSETS LESS CURRENT LIABILITIES

806,799

819,149

CAPITAL AND RESERVES

Called up and paid share capital

779

779

Capital redemption reserve

319

319

Retained earnings

805,701

818,051

SHAREHOLDERS' FUNDS

806,799

819,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

P Hands - Director

A J C H Yates - Director

1.	STATUTORY INFORMATION

Paramex 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Paramex Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 January 2024

3,518

19,446

9,690

191,311

223,965

Additions

-

-

-

35,795

35,795

At 30 January 2025

3,518

19,446

9,690

227,106

259,760

DEPRECIATION

At 31 January 2024

1,539

16,977

9,421

169,428

197,365

Charge for year

495

494

68

11,536

12,593

At 30 January 2025

2,034

17,471

9,489

180,964

209,958

NET BOOK VALUE

At 30 January 2025

1,484

1,975

201

46,142

49,802

At 30 January 2024

1,979

2,469

269

21,883

26,600

5.	FIXED ASSET INVESTMENTS

Shares in

group

under-

takings

£

COST

At 31 January 2024

and 30 January 2025

51

NET BOOK VALUE

At 30 January 2025

51

At 30 January 2024

51

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

409,176

601,760

Amounts owed by group undertakings

1,199,394

1,924,094

Other debtors

765,549

389,631

Prepayments and accrued income

30,341

27,028

2,404,460

2,942,513

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

11

Trade creditors

63,431

139,487

Credit card control

554

1,018

Tax

-

9,435

Social security and other taxes

14,921

28,457

Pension control

1,690

1,246

VAT

122,603

177,153

Other creditors

1,776,691

2,265,590

Accruals and deferred income

3,250

3,125

1,983,140

2,625,522

8.	RELATED PARTY DISCLOSURES

Included in other debtors are amounts owed of £451,548 (2024: £30,114) from companies under the control of the director's and a company in which the director's have an interest in.

Included in other creditors are amounts owing of £1,776,320 (2024: £2,265,390) from a company under the control of the director's and a company in which the director's have an interest in.