Company Registration No. 13374690 (England and Wales)
Paragon Building and Carpentry Ltd
Unaudited accounts
for the year ended 30 June 2024
Paragon Building and Carpentry Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
20,667
17,357
Cash at bank and in hand
3,434
5,741
Creditors: amounts falling due within one year
(12,752)
(21,871)
Net current liabilities
(9,318)
(10,430)
Called up share capital
1
1
Profit and loss account
11,348
6,926
Shareholders' funds
11,349
6,927
For the year ending 30 June 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 27 August 2024 and were signed on its behalf by
G Wilberforce
Director
Company Registration No. 13374690
Paragon Building and Carpentry Ltd
Notes to the Accounts
for the year ended 30 June 2024
Paragon Building and Carpentry Ltd is a private company, limited by shares, registered in England and Wales, registration number 13374690. The registered office is 18 Harbour Road, Pagham, Bognor Regis, PO21 4TG.
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.
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.
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:
Plant & machinery
33% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
747
20,995
21,742
Disposals
-
(20,995)
(20,995)
At 30 June 2024
747
22,828
23,575
At 1 July 2023
436
3,949
4,385
Charge for the year
244
4,728
4,972
On disposals
-
(6,449)
(6,449)
At 30 June 2024
680
2,228
2,908
At 30 June 2024
67
20,600
20,667
At 30 June 2023
311
17,046
17,357
Paragon Building and Carpentry Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,806
8,593
Taxes and social security
4,716
4,854
Loans from directors
124
1,917
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).