| Paramount Ceilings and Partitions Ltd |
| Registered number: |
08277613 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
6,401 |
|
|
7,305 |
| Investments |
4 |
|
|
15,000 |
|
|
15,000 |
|
|
|
|
21,401 |
|
|
22,305 |
|
| Current assets |
| Stocks |
|
|
8,166 |
|
|
25,496 |
| Debtors |
5 |
|
188,208 |
|
|
125,682 |
| Cash at bank and in hand |
|
|
536,055 |
|
|
620,211 |
|
|
|
732,429 |
|
|
771,389 |
|
| Creditors: amounts falling due within one year |
6 |
|
(555,961) |
|
|
(657,396) |
|
| Net current assets |
|
|
|
176,468 |
|
|
113,993 |
|
| Total assets less current liabilities |
|
|
|
197,869 |
|
|
136,298 |
|
|
| Provisions for liabilities |
|
|
|
(1,601) |
|
|
(1,827) |
|
|
| Net assets |
|
|
|
196,268 |
|
|
134,471 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
220 |
|
|
220 |
| Profit and loss account |
|
|
|
196,048 |
|
|
134,251 |
|
| Shareholder's funds |
|
|
|
196,268 |
|
|
134,471 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Nettleship |
| Director |
| Approved by the board on 15 May 2026 |
|
| Paramount Ceilings and Partitions Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Turnover |
|
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 rendering of services. 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates: |
|
|
Plant and machinery |
15% reducing balance |
|
Fixtures, fittings, tools and equipment |
25% reducing balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. 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. |
|
|
Work in progress |
|
Work in progress is measured at the estimated selling price. The carrying amount of work in progress is recognised in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is 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. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is 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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2025 |
9,339 |
|
Additions |
5,012 |
|
Disposals |
(7,309) |
|
At 31 December 2025 |
7,042 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
2,034 |
|
Charge for the year |
1,115 |
|
On disposals |
(2,508) |
|
At 31 December 2025 |
641 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
6,401 |
|
At 31 December 2024 |
7,305 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2025 |
15,000 |
|
|
At 31 December 2025 |
15,000 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
155,638 |
|
119,529 |
|
Taxation and social security costs |
- |
|
- |
|
Other debtors |
32,570 |
|
6,153 |
|
|
|
|
|
|
188,208 |
|
125,682 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
78,040 |
|
27,772 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
453,083 |
|
574,635 |
|
Taxation and social security costs |
24,838 |
|
54,989 |
|
|
|
|
|
|
555,961 |
|
657,396 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Paramount Ceilings and Partitions Ltd owes the sum of £453,083 too Paramount Hire Ltd as at 31 December 2025. The sum is interest free and repayable upon demand. |
|
|
| 8 |
Controlling party |
|
|
The company is controlled by its directors. |
|
|
| 9 |
Other information |
|
|
Paramount Ceilings and Partitions Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
4 High Street |
|
Stanley |
|
Co Durham |
|
DH9 0DQ |