Paragon Contracts Limited - Filleted accounts

Registered number

01280790

Paragon Contracts Limited

Filleted Accounts

31 October 2025

Paragon Contracts Limited
Registered number:		01280790
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		294,001			22,597

Current assets
Stocks		40,552			16,637
Debtors	4	1,078,130			991,049
Cash at bank and in hand		70,239			105,302
		1,188,921			1,112,988

Creditors: amounts falling due within one year	5	(239,407)			(120,088)

Net current assets			949,514			992,900

Total assets less current liabilities			1,243,515			1,015,497

Creditors: amounts falling due after more than one year	6		(197,595)			-

Provisions for liabilities			(3,568)			(4,293)

Net assets			1,042,352			1,011,204

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,042,252			1,011,104

Shareholder's funds			1,042,352			1,011,204

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




L. C. Wilkshire
Director
Approved by the board on 30 July 2026

Paragon Contracts Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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 significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			not provided
	Motor vehicles			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2024	-		20,067		51,657		71,724
	Additions	275,378		-		6,550		281,928
	Disposals	-		-		(9,752)		(9,752)
	At 31 October 2025	275,378		20,067		48,455		343,900

	Depreciation
	At 1 November 2024	-		18,522		30,605		49,127
	Charge for the year	-		579		9,945		10,524
	On disposals	-		-		(9,752)		(9,752)
	At 31 October 2025	-		19,101		30,798		49,899

	Net book value
	At 31 October 2025	275,378		966		17,657		294,001
	At 31 October 2024	-		1,545		21,052		22,597


4	Debtors					2025		2024
£							£

	Trade debtors					419,213		331,021
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					646,636		646,636
	Other debtors					12,281		13,392
						1,078,130		991,049


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,266		-
	Trade creditors					131,560		75,071
	Taxation and social security costs					95,527		38,247
	Other creditors					7,054		6,770
						239,407		120,088


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					197,595		-


7	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					172,535		-


	Secured bank loans					202,861		-

	Barclays Security Trustee Limited have a fixed and floating charge dated 4 December 2024 over all the property or undertaking of the company which contains a negative pledge.
	Barclays Security Trustee Limited have a fixed charge dated 7 January 2025 over the freehold property held at 258 Coulsdon Road which contains a negative pledge.


8	Other information

	Paragon Contracts Limited is a private company limited by shares and incorporated in England. Its registered office is:
	60 Chapel View
	Croydon
	Surrey
	CR2 7LJ