REGISTERED NUMBER: 04278087 (England and Wales)

Paragon.GB. Limited

Unaudited Financial Statements for the Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M A Sumpter

SECRETARY:

Mr P C Twyman

REGISTERED OFFICE:

Paragon

High Street

Five Ashes

Mayfield

East Sussex

TN20 6HY

REGISTERED NUMBER:

04278087 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

9,192

-

Tangible assets

5

1,432,152

1,499,605

1,441,344

1,499,605

CURRENT ASSETS

Stocks

1,707,616

1,873,751

Debtors

6

925,161

497,238

Cash at bank and in hand

488,660

340,428

3,121,437

2,711,417

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

596,412

537,717

NET CURRENT ASSETS

2,525,025

2,173,700

TOTAL ASSETS LESS CURRENT LIABILITIES

3,966,369

3,673,305

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(334,030

)

(77,778

)

PROVISIONS FOR LIABILITIES

(44,428

)

(34,579

)

NET ASSETS

3,587,911

3,560,948

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

3,586,911

3,559,948

SHAREHOLDERS' FUNDS

3,587,911

3,560,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2026 and were signed by:

Mr M A Sumpter - Director

1.	STATUTORY INFORMATION

Paragon.GB. 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Estimation of useful economic life of tangible fixed assets

The company establishes a reliable estimate of the useful life of tangible fixed assets. This estimate is based on a variety of factors such as the amount of time the asset can be used in production, the time at which it will need to be replaced and the wear and tear on the asset.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the risks and rewards of the ownership of the goods has transferred to the buyer. This is usually at the point that the goods have been despatched.

Turnover arising from services is recognised by reference to the stage of completion of the contract. Income is recognised initially when the work is performed and is accounted for on an accruals basis thereafter.

Goodwill and other intangibles

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Website and software costs are recognised as an intangible asset when all of the following criteria are demonstrated:

- The technical feasibility of completing the website development so that it will be available for use or sale.

- The intention to complete the development and use or sell it.

- The ability to use the website or sell it.

- How the website development will generate probable future economic benefits.

- The availability of adequate technical, financial and other resources to complete the development and to use or sell the website development.

- The ability to measure reliably the expenditure attributable to the website development during its development.

Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight line method. The intangible assets are amortised over the following useful economic lives:

- Website & software costs 3 years

- Other intangible assets 10 years

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

Tangible fixed assets

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

Freehold property

-

2% on cost and not provided

Plant and machinery

-

25% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. if estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition, as follows:

Raw materials, consumables and goods for resale

-

purchase cost on a first-in, first-out basis

Work in progress and finished goods

-

cost of direct materials and labour plus

attributable overheads based on a normal

level of activity

Trade and other debtors

Trade and other short term debtors are measured at the transaction price less any impairment for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand and bank overdrafts. In the balance sheet, bank overdrafts are shown within current liabilities.

Trade and other creditors

Trade and other short term creditors are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Taxation

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.

Foreign currencies

In preparing the financial statements, transactions in currencies other than the functional currency of the individual entities (foreign currencies) are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

Exchange differences are recognised in profit or loss in the period in which they arise.

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 contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are made when an obligation exists for a future liability in respect of a past event and where the amount of the obligation can be reliably estimated. Historical records are maintained of the annual costs of warranty work. The warranty provision is based on the most recent three-year average of these costs applied to the number of vehicles under warranty at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

136,975

25,185

162,160

Additions

-

9,849

9,849

At 30 September 2025

136,975

35,034

172,009

AMORTISATION

At 1 October 2024

136,975

25,185

162,160

Charge for year

-

657

657

At 30 September 2025

136,975

25,842

162,817

NET BOOK VALUE

At 30 September 2025

-

9,192

9,192

At 30 September 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 October 2024

960,944

1,367,610

146,546

2,475,100

Additions

-

108,219

9,810

118,029

Disposals

-

(61,301

)

12,238

(49,063

)

At 30 September 2025

960,944

1,414,528

168,594

2,544,066

DEPRECIATION

At 1 October 2024

78,517

792,345

104,633

975,495

Charge for year

9,682

123,280

10,374

143,336

Eliminated on disposal

-

(19,155

)

12,238

(6,917

)

At 30 September 2025

88,199

896,470

127,245

1,111,914

NET BOOK VALUE

At 30 September 2025

872,745

518,058

41,349

1,432,152

At 30 September 2024

882,427

575,265

41,913

1,499,605

Included in cost of land and buildings is freehold land of £ 476,716 (2024 - £ 476,716 ) which is not depreciated.

Included within the net book value of tangible fixed assets is £189,362 (2024 - £243,789) in respect of assets held as security under hire purchase agreements

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,953

29,071

Other debtors

915,208

468,167

925,161

497,238

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

191,665

102,916

Trade creditors

174,788

121,719

Taxation and social security

155,638

174,699

Other creditors

74,321

138,383

596,412

537,717

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

334,030

77,778

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

525,695

180,694

Santander stocking plan

-

62,158

525,695

242,852

The hire purchase loan is secured against the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments on operating leases which are not included in the balance sheet amount to £nil (2024 - £4,841).

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

Mr M A Sumpter

Balance outstanding at start of year

(10,521

)

9,064

Amounts advanced

67,140

81,639

Amounts repaid

(85,879

)

(101,224

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(29,260

)

(10,521

)

Interest has been charged at the official rate on debit balances and amounted to £235 (2024 - £111) for the year. The loan is unsecured and repayable on demand.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £200,000 (2024 - £87,000) were paid to the director.