Company Registration No. 11917401 (England and Wales)
PARAGON ACCOUNTAX LIMITED
Unaudited accounts
for the year ended 31 March 2023
PARAGON ACCOUNTAX LIMITED
Unaudited accounts
Contents
PARAGON ACCOUNTAX LIMITED
Company Information
for the year ended 31 March 2023
Company Number
11917401 (England and Wales)
Registered Office
PEXOR HOUSE
STAFFA ROAD
LONDON
E10 7QZ
ENGLAND
PARAGON ACCOUNTAX LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
1,094
1,368
Cash at bank and in hand
1,217
5,458
Creditors: amounts falling due within one year
(18,571)
(34,280)
Net current assets/(liabilities)
2,146
(1,777)
Net assets/(liabilities)
3,240
(409)
Called up share capital
100
100
Profit and loss account
3,140
(509)
Shareholders' funds
3,240
(409)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 December 2023 and were signed on its behalf by
HUSSEIN MUSA
Director
Company Registration No. 11917401
PARAGON ACCOUNTAX LIMITED
Notes to the Accounts
for the year ended 31 March 2023
PARAGON ACCOUNTAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11917401. The registered office is PEXOR HOUSE, STAFFA ROAD, LONDON, E10 7QZ, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
19,500
27,045
PARAGON ACCOUNTAX LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,693
1,686
Other creditors
3,441
32,594
Loans from directors
11,437
-
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Average number of employees
During the year the average number of employees was 4 (2022: 7).