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REGISTERED NUMBER: 11997270 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 August 2024

for

PARAGLO SUNBEDS LIMITED

PARAGLO SUNBEDS LIMITED (REGISTERED NUMBER: 11997270)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARAGLO SUNBEDS LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: J Cook
P S Cook





REGISTERED OFFICE: 209 Newgate Street
Bishop Auckland
Co. Durham
DL14 7EL





REGISTERED NUMBER: 11997270 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

PARAGLO SUNBEDS LIMITED (REGISTERED NUMBER: 11997270)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,179 52,613

CURRENT ASSETS
Stocks 1,550 1,595
Debtors 5 127,478 123,246
Cash at bank and in hand 14,623 21,243
143,651 146,084
CREDITORS
Amounts falling due within one year 6 44,213 53,601
NET CURRENT ASSETS 99,438 92,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,617

145,096

CREDITORS
Amounts falling due after more than one year 7 116,417 124,517
NET ASSETS 25,200 20,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,100 20,479
25,200 20,579

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

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

PARAGLO SUNBEDS LIMITED (REGISTERED NUMBER: 11997270)

Balance Sheet - continued
31 August 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 2 December 2024 and were signed on its behalf by:




J Cook - Director



P S Cook - Director


PARAGLO SUNBEDS LIMITED (REGISTERED NUMBER: 11997270)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Paraglo Sunbeds Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on cost

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 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.

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.

PARAGLO SUNBEDS LIMITED (REGISTERED NUMBER: 11997270)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 2,779 60,853 12,643 2,584 78,859
DEPRECIATION
At 1 September 2023 355 23,096 1,370 1,425 26,246
Charge for year 111 7,551 2,255 517 10,434
At 31 August 2024 466 30,647 3,625 1,942 36,680
NET BOOK VALUE
At 31 August 2024 2,313 30,206 9,018 642 42,179
At 31 August 2023 2,424 37,757 11,273 1,159 52,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 127,478 123,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,103 15,103
Trade creditors 3,233 13,212
Taxation and social security 3,704 2,223
Other creditors 22,173 23,063
44,213 53,601

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 116,417 124,517

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,898 75,998

PARAGLO SUNBEDS LIMITED (REGISTERED NUMBER: 11997270)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 131,520 139,620