IRIS Accounts Production v17.3.0.1062 04704445 director 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure047044452016-03-31047044452017-03-31047044452016-04-012017-03-31047044452015-03-31047044452015-04-012016-03-31047044452016-03-3104704445ns15:EnglandWales2016-04-012017-03-3104704445ns14:PoundSterling2016-04-012017-03-3104704445ns10:Director12016-04-012017-03-3104704445ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3104704445ns10:SmallEntities2016-04-012017-03-3104704445ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3104704445ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3104704445ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3104704445ns10:FullAccounts2016-04-012017-03-3104704445ns10:CompanySecretary12016-04-012017-03-3104704445ns10:RegisteredOffice2016-04-012017-03-3104704445ns5:CurrentFinancialInstruments2017-03-3104704445ns5:CurrentFinancialInstruments2016-03-3104704445ns5:ShareCapital2017-03-3104704445ns5:ShareCapital2016-03-3104704445ns5:RetainedEarningsAccumulatedLosses2017-03-3104704445ns5:RetainedEarningsAccumulatedLosses2016-03-3104704445ns5:PlantMachinery2016-04-012017-03-3104704445ns5:MotorVehicles2016-04-012017-03-3104704445ns5:PlantMachinery2016-03-3104704445ns5:MotorVehicles2016-03-3104704445ns5:PlantMachinery2017-03-3104704445ns5:MotorVehicles2017-03-3104704445ns5:PlantMachinery2016-03-3104704445ns5:MotorVehicles2016-03-3104704445ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3104704445ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3104704445ns10:Director112016-03-3104704445ns10:Director112015-03-3104704445ns10:Director112016-04-012017-03-3104704445ns10:Director112015-04-012016-03-3104704445ns10:Director112017-03-3104704445ns10:Director112016-03-31


REGISTERED NUMBER: 04704445 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

. AA PARAMOUNT ROOFING LIMITED

. AA PARAMOUNT ROOFING LIMITED (REGISTERED NUMBER: 04704445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


. AA PARAMOUNT ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: Graham Cowburn





SECRETARY: Janet Cowburn





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 04704445 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

. AA PARAMOUNT ROOFING LIMITED (REGISTERED NUMBER: 04704445)

BALANCE SHEET
31 MARCH 2017

31/3/17 31/3/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,973 2,630

CURRENT ASSETS
Stocks 750 750
Debtors 5 11,783 10,588
Cash at bank and in hand 994 120
13,527 11,458
CREDITORS
Amounts falling due within one year 6 14,978 13,226
NET CURRENT LIABILITIES (1,451 ) (1,768 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

522

862

PROVISIONS FOR LIABILITIES 375 526
NET ASSETS 147 336

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47 236
SHAREHOLDERS' FUNDS 147 336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 December 2017 and were signed by:



Graham Cowburn - Director


. AA PARAMOUNT ROOFING LIMITED (REGISTERED NUMBER: 04704445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

. aa Paramount Roofing 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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.

Going concern
On the basis of their assessment of the company's financial position, the director has a reasonable expectation
that the company will be able to continue in operational existence for the foreseeable future. Thus continuing to
adopt the going concern basis of accounting in preparing the annual financial statements.

. AA PARAMOUNT ROOFING LIMITED (REGISTERED NUMBER: 04704445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 8,104 16,757 24,861
DEPRECIATION
At 1 April 2016 6,836 15,395 22,231
Charge for year 317 340 657
At 31 March 2017 7,153 15,735 22,888
NET BOOK VALUE
At 31 March 2017 951 1,022 1,973
At 31 March 2016 1,268 1,362 2,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/17 31/3/16
£    £   
Trade debtors 10,436 8,698
Directors' current accounts - 417
Prepayments 1,347 1,473
11,783 10,588

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/17 31/3/16
£    £   
Bank loans and overdrafts 3,416 5,628
Tax 5,980 5,590
Social security and other taxes 1,948 1,125
Directors' current accounts 2,752 -
Accruals and deferred income 882 883
14,978 13,226

. AA PARAMOUNT ROOFING LIMITED (REGISTERED NUMBER: 04704445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and
31 March 2016:

31/3/17 31/3/16
£    £   
Graham Cowburn
Balance outstanding at start of year 417 4,014
Amounts repaid (2,295 ) (3,597 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,878 ) 417

8. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £23,600 (2016: £22,000) to Mr Graham Cowburn, a director of
the company.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr Graham Cowburn by way of his shareholding.