Company registration number 04428125 (England and Wales)
PARAGON MICROFIBRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PARAGON MICROFIBRE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PARAGON MICROFIBRE LIMITED (REGISTERED NUMBER: 04428125)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
72,527
77,248
Current assets
Stocks
479,158
348,867
Debtors
5
371,965
318,102
Cash at bank and in hand
28,941
137,390
880,064
804,359
Creditors: amounts falling due within one year
6
(336,134)
(231,908)
Net current assets
543,930
572,451
Total assets less current liabilities
616,457
649,699
Creditors: amounts falling due after more than one year
7
(12,295)
(20,252)
Net assets
604,162
629,447
Capital and reserves
Called up share capital
111
111
Share premium account
10
10
Profit and loss reserves
604,041
629,326
Total equity
604,162
629,447
PARAGON MICROFIBRE LIMITED (REGISTERED NUMBER: 04428125)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 July 2025
Mr S J Duffell
Director
PARAGON MICROFIBRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Paragon Microfibre Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the sale of microfibre products.

Turnover is shown net of VAT and is recognised when ownership of the goods is transferred to the customer.

1.3
Intangible fixed assets - goodwill

Goodwill represent ing the amount paid in connection with the acquisition of a business in 2003, has been fully amortised over its estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% straight line
Fixtures and fittings
20% reducing balance
Computer equipment
25% reducing balance
Website development costs
25% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

PARAGON MICROFIBRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
7
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
20,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
20,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
PARAGON MICROFIBRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computer equipment
Website development costs
Total
£
£
£
£
£
Cost
At 1 April 2024
52,122
46,203
37,188
58,901
194,414
Additions
6,305
325
-
0
-
0
6,630
At 31 March 2025
58,427
46,528
37,188
58,901
201,044
Depreciation and impairment
At 1 April 2024
12,185
29,606
26,208
49,167
117,166
Depreciation charged in the year
2,869
3,304
2,745
2,433
11,351
At 31 March 2025
15,054
32,910
28,953
51,600
128,517
Carrying amount
At 31 March 2025
43,373
13,618
8,235
7,301
72,527
At 31 March 2024
39,937
16,597
10,980
9,734
77,248
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
210,703
109,972
Other debtors
161,262
208,130
371,965
318,102
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
12,297
10,126
Trade creditors
76,454
34,087
Amounts owed to group undertakings
1,625
4,700
Taxation and social security
198,610
159,591
Other creditors
47,148
23,404
336,134
231,908
PARAGON MICROFIBRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
12,295
20,252
8
Financial commitments, guarantees and contingent liabilities

During the year to 31 March 2021, the company borrowed £50,000 from its bankers for a Bounce Back Loan. As part of this loan scheme, the UK government has guaranteed the advance and paid the interest and fees due for the first 12 months. As at the balance sheet date, the balance outstanding to the company's bankers was £24,592 (2024 - £30,378).

9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
178,109
226,396
10
Related party transactions

The company has taken advantage of the exemption within FRS 102 from the requirement to disclose transactions entered into between two or more members of a group provided that any subsidiary which is party to the transaction is wholly owned by such a member.

11
Parent company

The immediate and ultimate parent company of Paragon Microfibre Limited is Paragon Microfibre Holdings Limited and its registered office is 10 Upper Grosvenor Road, Tunbridge Wells, Kent, TN1 2EP.

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