1 February 2023 false No description of principal activity Taxfiler 2024.6 13844545business:PrivateLimitedCompanyLtd2023-02-012024-01-31 138445452023-01-31 138445452023-02-012024-01-31 13844545business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 13844545business:FilletedAccounts2023-02-012024-01-31 138445452024-01-31 13844545business:Director12023-02-012024-01-31 13844545business:RegisteredOffice2023-02-012024-01-31 138445452023-01-31 13844545core:WithinOneYear2024-01-31 13844545core:WithinOneYear2023-01-31 13844545core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13844545core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13844545core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13844545core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13844545core:PreviouslyStatedAmount2024-01-31 13844545core:PreviouslyStatedAmount2023-01-31 13844545business:SmallEntities2023-02-012024-01-31 13844545countries:EnglandWales2023-02-012024-01-31 13844545core:MotorVehicles2023-01-31 13844545core:FurnitureFittings2023-01-31 13844545core:ComputerEquipment2023-01-31 13844545core:MotorVehicles2023-02-012024-01-31 13844545core:FurnitureFittings2023-02-012024-01-31 13844545core:ComputerEquipment2023-02-012024-01-31 13844545core:MotorVehicles2024-01-31 13844545core:FurnitureFittings2024-01-31 13844545core:ComputerEquipment2024-01-31 138445452022-01-122023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13844545 (England and Wales)
Paragon Global Supplies Limited Unaudited accounts for the year ended 31 January 2024
Paragon Global Supplies Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Paragon Global Supplies Limited Company Information for the year ended 31 January 2024
Director
Jordan Cole
Company Number
13844545 (England and Wales)
Registered Office
DEPT 7929 601 INTERNATIONAL HOUSE, 223 R MAYFAIR LONDON W1B 2QD UNITED KINGDOM
- 3 -
Paragon Global Supplies Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
56,484 
43,208 
Current assets
Inventories
- 
68,887 
Debtors
5
148,379 
23,969 
Cash at bank and in hand
7,645 
84,524 
156,024 
177,380 
Creditors: amounts falling due within one year
6
(1,064,982)
(204,898)
Net current liabilities
(908,958)
(27,518)
Net (liabilities)/assets
(852,474)
15,690 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(852,476)
15,688 
Shareholders' funds
(852,474)
15,690 
For the year ending 31 January 2024 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 15 June 2026 and were signed on its behalf by
Jordan Cole Director Company Registration No. 13844545
- 4 -
Paragon Global Supplies Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Paragon Global Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 13844545. The registered office is DEPT 7929 601 INTERNATIONAL HOUSE, 223 R, MAYFAIR, LONDON, W1B 2QD, UNITED KINGDOM.
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.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 12 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
50,900 
- 
949 
51,849 
Additions
12,549 
5,833 
420 
18,802 
At 31 January 2024
63,449 
5,833 
1,369 
70,651 
Depreciation
At 1 February 2023
8,483 
- 
158 
8,641 
Charge for the year
5,259 
83 
184 
5,526 
At 31 January 2024
13,742 
83 
342 
14,167 
Net book value
At 31 January 2024
49,707 
5,750 
1,027 
56,484 
At 31 January 2023
42,417 
- 
791 
43,208 
- 5 -
Paragon Global Supplies Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
62,745 
17,098 
Trade debtors
75,641 
- 
Other debtors
9,993 
6,871 
148,379 
23,969 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
428,882 
1,800 
Amounts owed to group undertakings and other participating interests
528,419 
- 
Taxes and social security
24,932 
8,118 
Other creditors
82,749 
117,459 
Loans from directors
- 
76,521 
Accruals
- 
1,000 
1,064,982 
204,898 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 6 -