REGISTERED NUMBER: 05547803 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Paragon International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Stanley

L P Stanley

Mrs M Buckle

SECRETARY:

Mrs A Stanley

REGISTERED OFFICE:

7 Paddock Road

Skelmersdale

Lancashire

WN8 9PL

REGISTERED NUMBER:

05547803 (England and Wales)

ACCOUNTANTS:

Sawyer Quine & Co

202 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

FIXED ASSETS

Tangible assets

4

124,787

189,408

CURRENT ASSETS

Stocks

527,242

433,246

Debtors

5

628,050

572,934

Cash at bank and in hand

120,103

20,905

1,275,395

1,027,085

CREDITORS

Amounts falling due within one year

6

759,576

608,689

NET CURRENT ASSETS

515,819

418,396

TOTAL ASSETS LESS CURRENT LIABILITIES

640,606

607,804

CREDITORS

Amounts falling due after more than one year

7

(21,850

)

(645

)

PROVISIONS FOR LIABILITIES

9

(17,236

)

(28,759

)

NET ASSETS

601,520

578,400

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

601,420

578,300

SHAREHOLDERS' FUNDS

601,520

578,400

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs A Stanley - Director

L P Stanley - Director

1.	STATUTORY INFORMATION

Paragon International 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Design patent & devel

-

10% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

7.5% on cost

Motor vehicles

-

33% on cost

Office equipment

-

30% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Design

Fixtures

patent &

Plant and

and

devel

machinery

fittings

£

£

£

COST

At 1 January 2024

592,467

1,445,462

146,915

Additions

2,312

77,360

5,818

Disposals

(594,779

)

(711,892

)

(125,515

)

At 31 December 2024

-

810,930

27,218

DEPRECIATION

At 1 January 2024

533,536

1,354,847

117,664

Charge for year

5,924

54,548

2,361

Eliminated on disposal

(539,460

)

(695,371

)

(114,849

)

At 31 December 2024

-

714,024

5,176

NET BOOK VALUE

At 31 December 2024

-

96,906

22,042

At 31 December 2023

58,931

90,615

29,251

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

115,994

150,930

2,451,768

Additions

-

1,925

87,415

Disposals

(66,870

)

-

(1,499,056

)

At 31 December 2024

49,124

152,855

1,040,127

DEPRECIATION

At 1 January 2024

111,812

144,501

2,262,360

Charge for year

4,182

2,515

69,530

Eliminated on disposal

(66,870

)

-

(1,416,550

)

At 31 December 2024

49,124

147,016

915,340

NET BOOK VALUE

At 31 December 2024

-

5,839

124,787

At 31 December 2023

4,182

6,429

189,408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

451,264

473,890

Other debtors

176,786

99,044

628,050

572,934

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

12,046

6,514

Trade creditors

471,510

539,032

Taxation and social security

28,241

43,783

Other creditors

247,779

19,360

759,576

608,689

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

21,850

645

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

33,896

7,159

Invoice finance ledger

112,187

5,428

146,083

12,587

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

17,236

28,759

Deferred

tax

£

Balance at 1 January 2024

28,759

Accelerated capital allowance

(11,523

)

Balance at 31 December 2024

17,236

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

300

Ordinary

33 1/3 pence

100

100

100A Ordinary Non-Voting Shares

100B Ordinary Voting Shares

100C Ordinary Non-Voting Shares, Non-Dividend Shares