General Information
Para-dox Paraplanning Ltd is a private company, limited by shares, registered in England and Wales, registration number 11480633, registration address Laurels Woodside Road, Chiddingfold, Godalming, GU8 4RJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
3 Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Intangible fixed assets
| Cost |
Intangible Assets- 3 years Straight Line |
|
Total |
| |
£ |
|
£ |
| At 01 August 2024 |
32,251 |
|
32,251 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 July 2025 |
32,251 |
|
32,251 |
| Amortisation |
| At 01 August 2024 |
8,740 |
|
8,740 |
| Charge for year |
10,750 |
|
10,750 |
| On disposals |
- |
|
- |
| At 31 July 2025 |
19,490 |
|
19,490 |
| Net book values |
| At 31 July 2025 |
12,761 |
|
12,761 |
| At 31 July 2024 |
23,511 |
|
23,511 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 August 2024 |
- |
|
- |
| Additions |
912 |
|
912 |
| Disposals |
- |
|
- |
| At 31 July 2025 |
912 |
|
912 |
| Depreciation |
| At 01 August 2024 |
- |
|
- |
| Charge for year |
98 |
|
98 |
| On disposals |
- |
|
- |
| At 31 July 2025 |
98 |
|
98 |
| Net book values |
| Closing balance as at 31 July 2025 |
814 |
|
814 |
| Opening balance as at 01 August 2024 |
- |
|
- |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued Income |
24,318 |
|
0 |
|
24,318 |
|
0 |
|
| 5. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Directors Loan Accounts |
80,584 |
|
175,989 |
|
80,584 |
|
175,989 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Corporation Tax |
70,943 |
|
88,330 |
| PAYE & Social Security |
16,204 |
|
23,924 |
| Other Creditors |
2,620 |
|
0 |
| Wages & Salaries Control Account |
160 |
|
0 |
| VAT |
18,818 |
|
15,738 |
|
108,745 |
|
127,992 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
6,587 |
|
11,820 |
| Other Creditors |
0 |
|
5,000 |
|
6,587 |
|
16,820 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Ordinary share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
|
Directors' Loan
At the end of the financial year. a total of £80,583 was owed to the company by Edward Spencer. During the year, a total of £118,040 was withdrawn from the company (2024: £26,060) and £213,447 was repaid (2024: £54,904).
|
| 10. |
Balance Sheet Restatement
The previous year (2024) balance sheet has been restated, with a reduction in the capital and reserves of £7,589. This is due to a re-calculation of creditors and directors' loan.
|
3
|