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Company Registration No. 10558381 (England and Wales)
Paragon Homes South West Limited Unaudited accounts for the year ended 31 January 2024
Paragon Homes South West Limited Unaudited accounts Contents
Page
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Paragon Homes South West Limited Company Information for the year ended 31 January 2024
Director
ARMSTRONG, Robert James
Company Number
10558381 (England and Wales)
Registered Office
4 Post Office Vaults Market Place Wantage Oxfordshire OX12 8AT England
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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Paragon Homes South West Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,575 
8,117 
Current assets
Inventories
6,000 
18,985 
Debtors
2,274 
66,941 
Cash at bank and in hand
19,232 
3,324 
27,506 
89,250 
Creditors: amounts falling due within one year
(15,688)
(56,302)
Net current assets
11,818 
32,948 
Total assets less current liabilities
18,393 
41,065 
Creditors: amounts falling due after more than one year
(17,463)
(40,924)
Net assets
930 
141 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
929 
140 
Shareholders' funds
930 
141 
For the year ending 31 January 2024 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 21 September 2024 and were signed on its behalf by
ARMSTRONG, Robert James Director Company Registration No. 10558381
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Paragon Homes South West Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Paragon Homes South West Limited is a private company, limited by shares, registered in England and Wales, registration number 10558381. The registered office is 4 Post Office Vaults, Market Place, Wantage, Oxfordshire, OX12 8AT, England.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Paragon Homes South West Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
14,134 
931 
15,065 
Additions
- 
557 
557 
At 31 January 2024
14,134 
1,488 
15,622 
Depreciation
At 1 February 2023
6,565 
383 
6,948 
Charge for the year
1,892 
207 
2,099 
At 31 January 2024
8,457 
590 
9,047 
Net book value
At 31 January 2024
5,677 
898 
6,575 
At 31 January 2023
7,569 
548 
8,117 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
14,622 
Other debtors
2,274 
52,319 
2,274 
66,941 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,796 
8,796 
VAT
35,313 
16,184 
Trade creditors
14,298 
2,566 
Taxes and social security
43,918 
25,706 
Other creditors
- 
550 
Loans from directors
(89,137)
- 
Accruals
2,500 
2,500 
15,688 
56,302 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,463 
21,871 
Other creditors
- 
19,053 
17,463 
40,924 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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