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Registered number: 11060677
Paragon Elevators Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harris Lacey and Swain
Paragon Elevators Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Paragon Elevators Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11060677

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 269,098 |  | 215,479
|  |  | 269,098 |  | 215,479
CURRENT ASSETS
Stocks | 5 | 49,875 |  | 20,050 |
Debtors | 6 | 894,435 |  | 916,386 |
Cash at bank and in hand |  | 747,280 |  | 971,086 |
|  | 1,691,590 |  | 1,907,522 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,240,189 ) |  | (1,378,533 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 451,401 |  | 528,989
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 720,499 |  | 744,468
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (10,000 ) |  | (48,859 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (31,625 ) |  | (28,755 )
NET ASSETS |  |  | 678,874 |  | 666,854
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 678,774 |  | 666,754
SHAREHOLDERS' FUNDS |  |  | 678,874 |  | 666,854

Page 1
Page 2
Paragon Elevators Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr C Joyce Director
05/11/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Paragon Elevators Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Paragon Elevators Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11060677 . The registered office is Florida, Ellifoot Lane, Burstwick, Hull, East Yorkshire, HU12 9EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
2.3. Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount
receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company
and value added taxes.
The company recognises revenue when the significant risks and rewards of ownership have been transferred to
the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can
be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific
criteria relating to each of the company's sales channels have been met, as described below.
The company provides goods and services to other organisations, these services are provided on a time and
material basis or as a fixed price contract.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 0
Plant & Machinery | 20% Cost
Motor Vehicles | 20% Cost
Computer Equipment | 33% Cost

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
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Paragon Elevators Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 16)
21 16
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 April 2024 | 27,583 | 3,189 | 230,451 | 15,822 | 277,045
Additions | - | - | 101,811 | 2,080 | 103,891
As at 31 March 2025 | 27,583 | 3,189 | 332,262 | 17,902 | 380,936
Depreciation
As at 1 April 2024 | - | 2,161 | 49,796 | 9,609 | 61,566
Provided during the period | - | 206 | 46,618 | 3,448 | 50,272
As at 31 March 2025 | - | 2,367 | 96,414 | 13,057 | 111,838
Net Book Value
As at 31 March 2025 | 27,583 | 822 | 235,848 | 4,845 | 269,098
As at 1 April 2024 | 27,583 | 1,028 | 180,655 | 6,213 | 215,479

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 49,875 |  | 20,050

Page 4
Page 5
Paragon Elevators Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 744,931 |  | 859,401
Amounts owed by group undertakings | 97,535 |  | 50,035
Other debtors | 51,969 |  | 6,950
| 894,435 |  | 916,386

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 8,220
Trade creditors | 1,124,719 |  | 1,129,008
Bank loans and overdrafts | 10,000 |  | 10,000
Other creditors | 67,173 |  | 2,077
Taxation and social security | 38,297 |  | 229,228
| 1,240,189 |  | 1,378,533

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 28,859
Bank loans | 10,000 |  | 20,000
| 10,000 |  | 48,859

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | - |  | 8,220
Later than one year and not later than five years | - |  | 28,859
| - |  | 37,079
| - |  | 37,079

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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