REGISTERED NUMBER: 07587581 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

Paragon Oak Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Brierley

REGISTERED OFFICE:

Unit K & L Wheatley Park

Hagg Lane

Mirfield

WF14 8HE

REGISTERED NUMBER:

07587581 (England and Wales)

FIXED ASSETS

Tangible assets

4

159,717

162,029

CURRENT ASSETS

Stocks

104,052

58,974

Debtors

5

146,816

114,246

Cash at bank

236,355

387,880

487,223

561,100

CREDITORS

Amounts falling due within one year

6

249,643

182,783

NET CURRENT ASSETS

237,580

378,317

TOTAL ASSETS LESS CURRENT LIABILITIES

397,297

540,346

CREDITORS

Amounts falling due after more than one year

7

-

(9,640

)

PROVISIONS FOR LIABILITIES

(26,686

)

(35,682

)

NET ASSETS

370,611

495,024

CAPITAL AND RESERVES

Called up share capital

8

110

110

Retained earnings

370,501

494,914

SHAREHOLDERS' FUNDS

370,611

495,024

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

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

P Brierley - Director

1.	STATUTORY INFORMATION

Paragon Oak 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.

Turnover

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

Revenue from the sale of goods and services is recognised when all the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive consideration due under the transaction;

- the costs incurred in respect of the transaction can be measured reliably; and

- specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Short leasehold

-

25% on Reducing Balance and Not Depreciated

Plant and machinery

-

10% Straight Line Basis and Not Depreciated

Motor vehicles

-

25% on Reducing Balance

Computer equipment

-

33.3% Straight Line Basis

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stock and work in progress

Stock and work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Other operating leases are charged to the profit and loss account as the expenditure is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2025

63,342

262,907

326,249

Additions

-

21,552

21,552

At 31st December 2025

63,342

284,459

347,801

DEPRECIATION

At 1st January 2025

10,296

153,924

164,220

Charge for year

71

23,793

23,864

At 31st December 2025

10,367

177,717

188,084

NET BOOK VALUE

At 31st December 2025

52,975

106,742

159,717

At 31st December 2024

53,046

108,983

162,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

121,256

85,875

Other debtors

25,560

28,371

146,816

114,246

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

9,640

10,268

Trade creditors

154,881

69,707

Taxation and social security

34,133

76,882

Other creditors

50,989

25,926

249,643

182,783

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

9,640

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

64

Ordinary A

£1

64

64

10

Ordinary B

£1

10

10

36

Ordinary C

£1

36

36

110

110

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Brierley.