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REGISTERED NUMBER: 07591513 (England and Wales)















PARADIGM CREATIVE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARADIGM CREATIVE LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J Fuller
I Medley
O Vittanuova





REGISTERED OFFICE: Bates Mill
Colne Road
Huddersfield
HD1 3AG





REGISTERED NUMBER: 07591513 (England and Wales)





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

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,850 29,939

CURRENT ASSETS
Debtors 5 283,078 363,194
Cash at bank 298,520 162,889
581,598 526,083
CREDITORS
Amounts falling due within one year 6 (289,784 ) (228,632 )
NET CURRENT ASSETS 291,814 297,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,664

327,390

PROVISIONS FOR LIABILITIES 7 (8,463 ) (7,485 )
NET ASSETS 317,201 319,905

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 317,001 319,705
SHAREHOLDERS' FUNDS 317,201 319,905

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

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

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

BALANCE SHEET - continued
31 March 2024


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 11 November 2024 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 2024


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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 14 (2023 - 13 ) .

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 50,373
Additions 21,990
At 31 March 2024 72,363
DEPRECIATION
At 1 April 2023 20,434
Charge for year 18,079
At 31 March 2024 38,513
NET BOOK VALUE
At 31 March 2024 33,850
At 31 March 2023 29,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 275,635 357,038
Other debtors 7,443 6,156
283,078 363,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 217,412 98,845
Taxation and social security 52,256 107,474
Other creditors 20,116 22,313
289,784 228,632

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,463 7,485

PARADIGM CREATIVE LTD (REGISTERED NUMBER: 07591513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 7,485
Charge to Income Statement during year 978
Balance at 31 March 2024 8,463

8. RELATED PARTY DISCLOSURES

At the year end, £6,361 (2023 - £5,425) is due to the directors by way of directors' loan account. The amount is interest free and is repayable on demand.