REGISTERED NUMBER: 06734907 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PARAGON SPACE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

G L E Foster

Mrs J Foster

Mrs C M Metcalf

REGISTERED OFFICE:

4 Forkerleys

Hedon Road

Burstwick

Hull

E. Yorks

HU12 9HA

REGISTERED NUMBER:

06734907 (England and Wales)

ACCOUNTANTS:

Majors Limited

57 Spyvee Street

Hull

E. Yorks

HU8 7JJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

201,152

510,940

201,152

510,940

CURRENT ASSETS

Stocks

61,294

41,684

Debtors

6

1,671,647

1,870,574

Cash at bank and in hand

1,061,737

1,091,035

2,794,678

3,003,293

CREDITORS

Amounts falling due within one year

7

1,169,102

1,544,799

NET CURRENT ASSETS

1,625,576

1,458,494

TOTAL ASSETS LESS CURRENT LIABILITIES

1,826,728

1,969,434

CREDITORS

Amounts falling due after more than one year

8

(95,430

)

(201,263

)

PROVISIONS FOR LIABILITIES

(45,502

)

(62,650

)

NET ASSETS

1,685,796

1,705,521

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,685,696

1,705,421

SHAREHOLDERS' FUNDS

1,685,796

1,705,521

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 March 2026 and were signed on its behalf by:

G L E Foster - Director

1.	STATUTORY INFORMATION

Paragon Space 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Intangible assets

The intangible asset is written off over its useful life of 3 years straight line.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Service contracts

Revenue from Service Contracts is recognised as turnover as the contracts progress, in line with UITF40 which took effect for accounting periods ending on or after 22 June 2005. Revenue not invoiced is recorded in debtors as amounts recoverable on contracts

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2024

and 31 October 2025

6,475

AMORTISATION

At 1 November 2024

and 31 October 2025

6,475

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

236,993

501,591

738,584

Additions

29,769

76,764

106,533

Disposals

(266,762

)

(72,670

)

(339,432

)

At 31 October 2025

-

505,685

505,685

DEPRECIATION

At 1 November 2024

-

227,644

227,644

Charge for year

-

100,641

100,641

Eliminated on disposal

-

(23,752

)

(23,752

)

At 31 October 2025

-

304,533

304,533

NET BOOK VALUE

At 31 October 2025

-

201,152

201,152

At 31 October 2024

236,993

273,947

510,940

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2024

258,381

Additions

40,000

Disposals

(72,670

)

At 31 October 2025

225,711

DEPRECIATION

At 1 November 2024

and 31 October 2025

89,364

NET BOOK VALUE

At 31 October 2025

136,347

At 31 October 2024

169,017

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

471,744

852,758

Amounts recoverable on contract

7,475

10,914

Other debtors

712,504

534,692

S455 tax

11,262

11,262

Prepayments and accrued income

468,662

460,948

1,671,647

1,870,574

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

71,546

75,514

Hire purchase contracts

55,108

57,953

Trade creditors

342,182

779,868

Tax

27,644

181,774

Social security and other taxes

18,010

20,550

VAT

55,940

78,510

Other creditors

202,272

16,289

Director's Loan Account

218,143

265,629

Accrued expenses

178,257

68,712

1,169,102

1,544,799

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-5 years

21,326

92,873

Hire purchase contracts

74,104

108,390

95,430

201,263