2023-05-012024-04-302024-04-30false13366360PARAGON WOODCRAFT 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PARAGON WOODCRAFT LTD

Registered Number
13366360
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

PARAGON WOODCRAFT LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

BILYANSKYY, Volodymyr

Registered Address

75 Sydney Road
London
SE2 9RY

Registered Number

13366360 (England and Wales)
PARAGON WOODCRAFT LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets319,36520,297
19,36520,297
Current assets
Debtors43,47113,117
Cash at bank and on hand8,9067,305
12,37720,422
Creditors amounts falling due within one year5(31,203)(40,405)
Net current assets (liabilities)(18,826)(19,983)
Total assets less current liabilities539314
Net assets539314
Capital and reserves
Called up share capital100100
Profit and loss account439214
Shareholders' funds539314
The financial statements were approved and authorised for issue by the Director on 21 August 2024, and are signed on its behalf by:
BILYANSKYY, Volodymyr
Director
Registered Company No. 13366360
PARAGON WOODCRAFT LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year31
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 May 2324,44710,25434,701
Additions3,6481,3264,974
At 30 April 2428,09511,58039,675
Depreciation and impairment
At 01 May 2310,1064,29814,404
Charge for year4,2591,6475,906
At 30 April 2414,3655,94520,310
Net book value
At 30 April 2413,7305,63519,365
At 30 April 2314,3415,95620,297
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,42813,117
Other debtors43-
Total3,47113,117
Short term debtors are measured at transaction price (which is usually the invoice price), less an impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-44
Taxation and social security6,01212,981
Other creditors25,19127,380
Total31,20340,405
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.