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Company Registration No. 04816120 (England and Wales)
Paradigm Office Interiors Limited Unaudited accounts for the year ended 30 June 2025
Paradigm Office Interiors Limited Unaudited accounts Contents
Page
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Paradigm Office Interiors Limited Statement of financial position as at 30 June 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
284,613 
206,554 
Current assets
Inventories
153,546 
129,680 
Debtors
1,380,998 
1,404,771 
Cash at bank and in hand
19,881 
109,547 
1,554,425 
1,643,998 
Creditors: amounts falling due within one year
(889,774)
(951,548)
Net current assets
664,651 
692,450 
Total assets less current liabilities
949,264 
899,004 
Creditors: amounts falling due after more than one year
(270,161)
(304,346)
Provisions for liabilities
Deferred tax
(3,290)
(9,632)
Net assets
675,813 
585,026 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
675,613 
584,826 
Shareholders' funds
675,813 
585,026 
For the year ending 30 June 2025 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 7 August 2025 and were signed on its behalf by
S Ward Director Company Registration No. 04816120
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Paradigm Office Interiors Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Paradigm Office Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 04816120. The registered office is Unit 46 Coleshill Trading Estate, Station Road, Coleshill, Birmingham, B46 1JT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
Over the life of the lease
Plant & machinery
33% on cost
Motor vehicles
25% reducing balance
Fixtures & fittings
15% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Paradigm Office Interiors Limited Notes to the Accounts for the year ended 30 June 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The financial statements have been prepared on the going concern basis on the basis that the bank will continue to support the company for the foreseeable future.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2024
20,374 
236,265 
48,419 
305,058 
Additions
10,159 
153,965 
1,848 
165,972 
Disposals
- 
(13,000)
3,656 
(9,344)
At 30 June 2025
30,533 
377,230 
53,923 
461,686 
Depreciation
At 1 July 2024
19,335 
43,792 
35,377 
98,504 
Charge for the year
1,481 
73,602 
4,229 
79,312 
On disposals
- 
(743)
- 
(743)
At 30 June 2025
20,816 
116,651 
39,606 
177,073 
Net book value
At 30 June 2025
9,717 
260,579 
14,317 
284,613 
At 30 June 2024
1,039 
192,473 
13,042 
206,554 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
665,748 
691,768 
Amounts due from group undertakings etc.
500,000 
435,000 
Accrued income and prepayments
215,000 
276,003 
Other debtors
250 
2,000 
1,380,998 
1,404,771 
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Paradigm Office Interiors Limited Notes to the Accounts for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
113,647 
126,376 
VAT
245,160 
67,659 
Obligations under finance leases and hire purchase contracts
47,603 
24,040 
Trade creditors
353,567 
618,246 
Taxes and social security
59,235 
55,570 
Other creditors
40,702 
42,749 
Loans from directors
17,173 
743 
Accruals
12,687 
16,165 
889,774 
951,548 
The bank loans have been provided under The Coronavirus Business Interruption Loan Scheme (CIBILS) and the Recovery Loan Scheme and have a government backed guarantee for the loan repayments and also a debenture from the bank containing a fixed and floating charge over all assets of the company. The interest rate on the loan is 3.99% over Bank of England Base Rate.
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
16,666 
122,748 
Obligations under finance leases and hire purchase contracts
253,495 
181,598 
270,161 
304,346 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
100 Ordinary B shares of £1 each
100 
100 
200 
200 
9
Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company into the fund and amounted to £40,324 (2024 - £39,819). Contributions totalling £- (2024 - £1,977) were payable to the fund at the balance sheet date.
10
Operating lease commitments
2025 
2024 
£ 
£ 
At 30 June 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
47,600 
47,600 
Later than one year and not later than five years
26,911 
40,446 
74,511 
88,046 
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Paradigm Office Interiors Limited Notes to the Accounts for the year ended 30 June 2025
11
Controlling party
The immediate and ultimate parent undertaking is ACT Furniture Manufacturers Limited. The director is the ultimate controlling party.
12
Average number of employees
During the year the average number of employees was 15 (2024: 15).
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