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REGISTERED NUMBER: 07232814















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PARAGON INSTALLATIONS LIMITED

PARAGON INSTALLATIONS LIMITED (Registered number: 07232814)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 6

PARAGON INSTALLATIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: A Bennett
S Homewood





SECRETARY: P E Hopkins





REGISTERED OFFICE: 5 Lakeview Stables
Lower St Clere
Kemsing
Kent
TN15 6NL





REGISTERED NUMBER: 07232814





ACCOUNTANTS: HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS

PARAGON INSTALLATIONS LIMITED (Registered number: 07232814)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,000 1,000
2,000 1,000

CURRENT ASSETS
Stocks 6 3,250 2,950
Debtors 7 51,816 67,219
Cash at bank 209,696 165,654
264,762 235,823
CREDITORS
Amounts falling due within one year 8 197,298 165,299
NET CURRENT ASSETS 67,464 70,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,464

71,524

CAPITAL AND RESERVES
Called up share capital 9 800 800
Retained earnings 10 68,664 70,724
SHAREHOLDERS' FUNDS 69,464 71,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





A Bennett - Director


PARAGON INSTALLATIONS LIMITED (Registered number: 07232814)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

PARAGON INSTALLATIONS LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PARAGON INSTALLATIONS LIMITED (Registered number: 07232814)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2023 12,400
Additions 1,592
At 30 June 2024 13,992
DEPRECIATION
At 1 July 2023 11,400
Charge for year 592
At 30 June 2024 11,992
NET BOOK VALUE
At 30 June 2024 2,000
At 30 June 2023 1,000

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 3,250 2,950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 51,816 67,219

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 63,771 31,772
Tax 8,765 7,800
Social security and other taxes 1,074 1,827
VAT 18,347 20,658
Directors' current accounts 103,156 101,077
Accrued expenses 2,185 2,165
197,298 165,299

PARAGON INSTALLATIONS LIMITED (Registered number: 07232814)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 'A' Ordinary Shares £1 100 100
700 'B' Ordinary Shares £1 700 700
800 800

10. RESERVES
Retained
earnings
£   

At 1 July 2023 70,724
Profit for the year 37,940
Dividends (40,000 )
At 30 June 2024 68,664

PARAGON INSTALLATIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PARAGON INSTALLATIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS


24 March 2025