Company Registration No. 10016366 (England and Wales)
Paxton Corporate Limited
Unaudited accounts
for the year ended 28 February 2025
Paxton Corporate Limited
Unaudited accounts
Contents
Paxton Corporate Limited
Company Information
for the year ended 28 February 2025
Company Number
10016366 (England and Wales)
Registered Office
The Barn
Turner Street
Ramsgate
Kent
CT11 8NJ
England
Accountants
Griffin and Sage Limited
172 Park Road
Peterborough
PE1 2UF
Paxton Corporate Limited
Statement of financial position
as at 28 February 2025
Tangible assets
725,672
720,624
Debtors
1,932,641
1,784,442
Cash at bank and in hand
529,398
329,586
Creditors: amounts falling due within one year
(1,651,633)
(1,560,010)
Net current assets
810,406
554,018
Total assets less current liabilities
1,536,078
1,274,642
Creditors: amounts falling due after more than one year
(252,973)
(154,377)
Provisions for liabilities
Deferred tax
(104,776)
(106,007)
Net assets
1,178,329
1,014,258
Called up share capital
1
1
Profit and loss account
1,178,328
1,014,257
Shareholders' funds
1,178,329
1,014,258
For the year ending 28 February 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 22 May 2026 and were signed on its behalf by
Irfan Arif
Director
Company Registration No. 10016366
Paxton Corporate Limited
Notes to the Accounts
for the year ended 28 February 2025
Paxton Corporate Limited is a private company, limited by shares, registered in England and Wales, registration number 10016366. The registered office is The Barn, Turner Street, Ramsgate, Kent, CT11 8NJ, England.
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.
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
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.
Paxton Corporate Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
1,214,907
298,150
10,868
8,688
1,532,613
Additions
219,103
26,100
-
3,230
248,433
At 28 February 2025
1,434,010
324,250
10,868
11,918
1,781,046
At 1 March 2024
561,160
237,031
7,602
6,196
811,989
Charge for the year
218,213
21,805
652
2,715
243,385
At 28 February 2025
779,373
258,836
8,254
8,911
1,055,374
At 28 February 2025
654,637
65,414
2,614
3,007
725,672
At 29 February 2024
653,747
61,119
3,266
2,492
720,624
Amounts falling due within one year
Trade debtors
267,365
342,806
Other debtors
1,665,276
1,441,636
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
523,218
654,882
Taxes and social security
110,520
101,111
Other creditors
142,561
147,314
Loans from directors
736,107
508,601
Deferred income
112,062
114,793
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
252,973
154,377
8
Average number of employees
During the year the average number of employees was 28 (2024: 27).