Registration number: 02708706

Paramo Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 8

Paramo Limited

Company Information

Directors

Mr A Arnold Mr A Beaumont Mr M Viney

Registered office

Unit F Durgates Industrial Estate Wadhurst East Sussex TN5 6DF

Auditor

Brebners Chartered Accountants & Statutory Auditor 1 Suffolk Way Sevenoaks Kent TN13 1YL

Paramo Limited

Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	7	151,252	93,390
Current assets
Stocks	8	3,195,368	3,192,057
Debtors	9	579,908	533,013
Cash at bank and in hand		147,458	122,230
		3,922,734	3,847,300
Creditors: Amounts falling due within one year	10	(3,943,780)	(3,634,917)
Net current (liabilities)/assets		(21,046)	212,383
Total assets less current liabilities		130,206	305,773
Creditors: Amounts falling due after more than one year	10	(62,485)	-
Net assets		67,721	305,773
Capital and reserves
Called up share capital		361	361
Share premium reserve		58,468	58,468
Capital redemption reserve		13	13
Retained earnings		8,879	246,931
Shareholders' funds		67,721	305,773

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Paramo Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Company registration number: 02708706

Approved and authorised by the Board on 28 April 2026 and signed on its behalf by:
 

.........................................

Mr M Viney

Director

Paramo Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit F
Durgates Industrial Estate
Wadhurst
East Sussex
TN5 6DF

The principal activity of the company is that of the design and sale of clothing, mainly for the outdoor leisure market.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 April 2026 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 July 2025 but had net assets of £67,721 including cash at bank of £147,458 at that date.

The company's cashflow forecasts show that the company has sufficient working capital for a period exceeding 12 months from the date of approval of the financial statements.

The directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Paramo Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Revenue recognition

Turnover compromises the fair value of the consideration received or receivable for the sale of clothing and associated items in the course of the company's normal activities. Turnover is shown net of sales/ value added tax, returns, rebates and discounts.

Turnover is recognised at the point of sale for retail sales and the point of despatch for online and wholesale sales.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	Straight line over the lease term
Fixtures and fittings	Straight line over 3-8 years
Motor vehicles	Straight line over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Paramo Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the the type of inventory class, Paramo Limited state this to be the weighted average cost.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4	Staff numbers

The average number of persons employed by the company during the year, was 53 (2024 - 48).

5	Auditor's remuneration

	2025 £	2024 £
Audit of the financial statements	7,000	7,000

 

6	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	33,236	9,905

Paramo Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

7	Tangible assets

	Leasehold Improvements £	Furniture and Fittings  £	Asset under construction  £	Total £
Cost or valuation
At 1 August 2024	141,032	174,921	-	315,953
Additions	56,435	9,663	25,000	91,098
At 31 July 2025	197,467	184,584	25,000	407,051
Depreciation
At 1 August 2024	82,828	139,735	-	222,563
Charge for the year	24,215	9,021	-	33,236
At 31 July 2025	107,043	148,756	-	255,799
Carrying amount
At 31 July 2025	90,424	35,828	25,000	151,252
At 31 July 2024	58,204	35,186	-	93,390

8

Stocks

	2025 £	2024 £
Stock	3,195,368	3,192,057

Paramo Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

9

Debtors

	Note	2025 £	2024 £
Trade debtors		146,660	198,321
Amounts owed by group undertakings	13	259,639	168,215
Other debtors		173,609	166,477
		579,908	533,013

Other debtors includes an amount of £32,500 (2024 - £32,500) recoverable in greater than one year secured in favour of the landlord.

10

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	11	531,444	460,663
Trade creditors		129,399	66,457
Amounts owed to group undertakings		2,959,837	2,632,728
Taxation and social security		170,373	163,229
Other creditors		152,727	311,840
		3,943,780	3,634,917

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	11	62,485	-

Paramo Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

11	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Loans and borrowings	40,346	1,136
Bank overdrafts	491,098	459,527
	531,444	460,663

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	62,485	-

Bank overdrafts and similar facilities are secured by a fixed charge over certain book debts and a fixed and floating charge over the other assets and undertakings of the company.

12	Financial commitments, guarantees and contingencies

The total future minimum lease payments under non-cancellable operating leases not included in the statement of financial position amounts to £857,386 (2024 - £228,135).

The company has guaranteed the bank borrowings of other group companies. At 31 July 2025 the net amount outstanding was £1,108,548 but no obligation is expected to arise. The guarantee is secured by a fixed charge over certain book debts and a fixed and floating charge over the other assets and undertakings of the company.

13	Related party transactions

Exemption has been taken under FRS 102 Paragraph 1AC.35 not to disclose transactions or amounts due with companies that are wholly owned within the group.

14	Holding Company

The smallest group preparing group accounts including the results of the company is headed by Gearform Trustees Ltd.

The registered address of Gearform Trustees Ltd is Unit F, Durgates Industrial Estate, Wadhurst, East Sussex. TN5 6DF.