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REGISTERED NUMBER: 07591513 (England and Wales)















PARADIGM CREATIVE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARADIGM CREATIVE LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: J Fuller
I Medley
O Vittanuova





REGISTERED OFFICE: Bates Mill
Colne Road
Huddersfield
HD1 3AG





REGISTERED NUMBER: 07591513 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,939 19,346

CURRENT ASSETS
Debtors 5 363,194 166,523
Cash at bank 162,889 196,793
526,083 363,316
CREDITORS
Amounts falling due within one year 6 (228,632 ) (175,655 )
NET CURRENT ASSETS 297,451 187,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,390

207,007

PROVISIONS FOR LIABILITIES 7 (7,485 ) (4,000 )
NET ASSETS 319,905 203,007

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 319,705 202,807
SHAREHOLDERS' FUNDS 319,905 203,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

BALANCE SHEET - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





O Vittanuova - Director


PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Paradigm Creative Ltd 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.

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

Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

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 etc - 33.33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 13 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 25,475
Additions 24,898
At 31 March 2023 50,373
DEPRECIATION
At 1 April 2022 6,129
Charge for year 14,305
At 31 March 2023 20,434
NET BOOK VALUE
At 31 March 2023 29,939
At 31 March 2022 19,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 357,038 166,523
Other debtors 6,156 -
363,194 166,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 98,845 109,448
Taxation and social security 107,474 51,175
Other creditors 22,313 15,032
228,632 175,655

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,485 4,000

Deferred
tax
£   
Balance at 1 April 2022 4,000
Charge to Income Statement during year 3,485
Balance at 31 March 2023 7,485

8. RELATED PARTY DISCLOSURES

At the year end, £5,425 (2022 - £4,489) is due to the directors by way of directors' loan account. The amount is interest free and is repayable on demand.