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Registered number: 01182177

The Lidster Paragon Tool Co Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
AHMTAX Limited
25 Broadlands
Rotherham
S66 1WD

The Lidster Paragon Tool Co Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
P R Lidster
G J Lidster
R A Lidster
D S Lidster
P E Lidster
REGISTERED OFFICE
The Lidster Building
Rotherham Close
Sheffield
S21 2JU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01182177
ACCOUNTANTS
AHMTAX Limited
25 Broadlands
Rotherham
S66 1WD

The Lidster Paragon Tool Co Limited

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Lidster Paragon Tool Co Limited

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,271,9752,507,180
Investment Assets4484,155-
2,756,1302,507,180
CURRENT ASSETS
Stock405,691399,176
Debtors61,025,317967,055
Cash at bank and in hand553,191380,518
1,984,1991,746,749
CREDITORS: Amounts falling due within one year71,218,899810,902
NET CURRENT ASSETS765,300935,847
TOTAL ASSETS LESS CURRENT LIABILITIES3,521,4303,443,027
CREDITORS: Amounts falling due after more than one year8770,2641,135,460
PROVISIONS FOR LIABILITIES AND CHARGES10312,058280,792
NET ASSETS2,439,1082,026,775
CAPITAL AND RESERVES
Called up share capital1128,00028,000
Profit and loss account2,411,1081,998,775
SHAREHOLDERS' FUNDS2,439,1082,026,775
For the year ending 30/09/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/04/2025 and signed on their behalf by
.............................
P R Lidster
Director

The Lidster Paragon Tool Co Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Motor Cars 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

The Lidster Paragon Tool Co Limited

1g. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/10/202355,36555,365
At 30/09/202455,36555,365
Depreciation
At 01/10/202355,36555,365
At 30/09/202455,36555,365
Net Book Amounts
At 30/09/2024--
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryMotor CarsTotal
££££
Cost
At 01/10/2023486,5576,593,047105,2337,184,837
Additions-79,661-79,661
At 30/09/2024486,5576,672,708105,2337,264,498
Depreciation
At 01/10/2023-4,651,38926,2684,677,657
For the year-303,02111,845314,866
At 30/09/2024-4,954,41038,1134,992,523
Net Book Amounts
At 30/09/2024486,5571,718,29867,1202,271,975
At 30/09/2023486,5571,941,65878,9652,507,180
The net book value of assets held under hire purchase agreements totals £1,123,821

The Lidster Paragon Tool Co Limited

4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
Additions484,155484,155
At 30/09/2024484,155484,155
Amortisation
Net Book Amounts
At 30/09/2024484,155484,155
5. STOCK 20242023
££
Stock comprises:
Stock raw materials172,936159,293
Work in progress62,186102,876
Stock of finished goods170,569137,007
405,691399,176
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,011,176939,903
Other debtors11,82526,436
Prepayments2,316716
1,025,317967,055

The Lidster Paragon Tool Co Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax166,776-
VAT169,3908,939
PAYE control32,29924,693
Directors current account17,20440,690
Bank Loan74,40074,400
Loans6,6006,600
Hire purchase248,489283,266
Trade creditors279,187361,486
Other creditors210,000-
Accruals14,55410,828
1,218,899810,902
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr273,006366,393
Loans >1yr19,15025,750
Hire purchase >1yr478,108743,317
770,2641,135,460
9. EMPLOYEES
20242023
No.No.
Average number of employees4936
10. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation312,058280,792
312,058280,792

The Lidster Paragon Tool Co Limited

11. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
28000 Ordinary shares of £1 each2800028000
28,00028,000