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
Paradigm Office Interiors Limited
Statement of financial position
as at 30 June 2025
Tangible assets
284,613
206,554
Inventories
153,546
129,680
Debtors
1,380,998
1,404,771
Cash at bank and in hand
19,881
109,547
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
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
Paradigm Office Interiors Limited
Notes to the Accounts
for the year ended 30 June 2025
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
Paradigm Office Interiors Limited
Notes to the Accounts
for the year ended 30 June 2025
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.
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.
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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
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
At 30 June 2025
9,717
260,579
14,317
284,613
At 30 June 2024
1,039
192,473
13,042
206,554
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
Paradigm Office Interiors Limited
Notes to the Accounts
for the year ended 30 June 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
113,647
126,376
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
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.
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
253,495
181,598
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
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.
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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
Paradigm Office Interiors Limited
Notes to the Accounts
for the year ended 30 June 2025
The immediate and ultimate parent undertaking is ACT Furniture Manufacturers Limited. The director is the ultimate controlling party.
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Average number of employees
During the year the average number of employees was 15 (2024: 15).