IRIS Accounts Production v24.2.0.383 02150138 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021501382023-05-31021501382024-05-31021501382023-06-012024-05-31021501382022-05-31021501382022-06-012023-05-31021501382023-05-3102150138ns15:EnglandWales2023-06-012024-05-3102150138ns14:PoundSterling2023-06-012024-05-3102150138ns10:Director12023-06-012024-05-3102150138ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102150138ns10:SmallEntities2023-06-012024-05-3102150138ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3102150138ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102150138ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102150138ns10:FullAccounts2023-06-012024-05-3102150138ns10:Director22023-06-012024-05-3102150138ns10:RegisteredOffice2023-06-012024-05-3102150138ns5:CurrentFinancialInstruments2024-05-3102150138ns5:CurrentFinancialInstruments2023-05-3102150138ns5:ShareCapital2024-05-3102150138ns5:ShareCapital2023-05-3102150138ns5:SharePremium2024-05-3102150138ns5:SharePremium2023-05-3102150138ns5:RetainedEarningsAccumulatedLosses2024-05-3102150138ns5:RetainedEarningsAccumulatedLosses2023-05-3102150138ns5:PlantMachinery2023-06-012024-05-3102150138ns5:PlantMachinery2023-05-3102150138ns5:PlantMachinery2024-05-3102150138ns5:PlantMachinery2023-05-3102150138ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3102150138ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31021501381ns10:Director12023-05-31021501381ns10:Director12022-05-31021501381ns10:Director12023-06-012024-05-31021501381ns10:Director12022-06-012023-05-31021501381ns10:Director12024-05-31021501381ns10:Director12023-05-31
REGISTERED NUMBER: 02150138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Paradise Computing Limited

Paradise Computing Limited (Registered number: 02150138)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paradise Computing Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J J Berg
A J Richmond





REGISTERED OFFICE: Pedigree Farm
Althorp Estate
Northamptonshire
NN7 4HE





REGISTERED NUMBER: 02150138 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Paradise Computing Limited (Registered number: 02150138)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,093 48,999

CURRENT ASSETS
Stocks 3,545 854
Debtors 5 399,189 366,147
Cash at bank 577,238 467,756
979,972 834,757
CREDITORS
Amounts falling due within one year 6 (371,673 ) (298,076 )
NET CURRENT ASSETS 608,299 536,681
TOTAL ASSETS LESS CURRENT LIABILITIES 657,392 585,680

CAPITAL AND RESERVES
Called up share capital 68,332 68,332
Share premium 112,720 112,720
Retained earnings 476,340 404,628
SHAREHOLDERS' FUNDS 657,392 585,680

Paradise Computing Limited (Registered number: 02150138)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 15 August 2024 and were signed on its behalf by:





J J Berg - Director


Paradise Computing Limited (Registered number: 02150138)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Paradise Computing 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 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.

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 - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

Paradise Computing Limited (Registered number: 02150138)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 241,576
Additions 19,405
At 31 May 2024 260,981
DEPRECIATION
At 1 June 2023 192,577
Charge for year 19,311
At 31 May 2024 211,888
NET BOOK VALUE
At 31 May 2024 49,093
At 31 May 2023 48,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 359,799 330,521
Other debtors 39,390 35,626
399,189 366,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 104,908 92,517
Taxation and social security 242,502 173,097
Other creditors 24,263 32,462
371,673 298,076

Paradise Computing Limited (Registered number: 02150138)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J J Berg
Balance outstanding at start of year - 3,000
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -