REGISTERED NUMBER: 08798436 (England and Wales)

PARAGON TEXTILES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I R Hustler

REGISTERED OFFICE:

29 St John's Road

Birkby

Huddersfield

West Yorkshire

HD2 5BW

REGISTERED NUMBER:

08798436 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

1,138

2,272

CURRENT ASSETS

Debtors

5

63,515

28,105

Cash at bank

139,781

247,907

203,296

276,012

CREDITORS

Amounts falling due within one year

6

(166,401

)

(241,581

)

NET CURRENT ASSETS

36,895

34,431

TOTAL ASSETS LESS CURRENT LIABILITIES

38,033

36,703

PROVISIONS FOR LIABILITIES

7

(238

)

(523

)

NET ASSETS

37,795

36,180

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

37,695

36,080

SHAREHOLDERS' FUNDS

37,795

36,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 June 2026 and were signed by:

Mr I R Hustler - Director

1.	STATUTORY INFORMATION

Paragon Textiles 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 comprises the invoiced value of services, net of value added tax. It is recognised on completion of the service.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

6,762

DEPRECIATION

At 1 January 2025

4,490

Charge for year

1,134

At 31 December 2025

5,624

NET BOOK VALUE

At 31 December 2025

1,138

At 31 December 2024

2,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,098

22,892

Other debtors

5,417

5,213

63,515

28,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,427

8,442

Taxation and social security

32,582

44,076

Other creditors

125,392

189,063

166,401

241,581

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

238

523

Deferred

tax

£

Balance at 1 January 2025

523

Credit to Income Statement during year

(285

)

Balance at 31 December 2025

238

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

25

"A" Ordinary

£1

25

25

25

"B" Ordinary

£1

25

25

25

"C" Ordinary

£1

25

25

25

"D" Ordinary

£1

25

25

100

100

All share types rank pari passu.

9.	RELATED PARTY DISCLOSURES

Loans owing to the director of £63,655 were outstanding at the year end. In 2024 £186,689 was owing to the directors. The loans are interest free and will be repaid when funds permit.

Loans owing to a shareholder of £59,522 were outstanding at the year end. In 2024 nothing was owing. The loans are interest free and will be repaid when funds permit.