Paradigm Office Interiors Limited - Accounts to registrar (filleted) - small 18.2

Paradigm Office Interiors Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 04816120 (England and Wales)















PARADIGM OFFICE INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019






PARADIGM OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 04816120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PARADIGM OFFICE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTORS: J W Bell
J McMullen





SECRETARY: Ms J O'Dell





REGISTERED OFFICE: Unit 46 Coleshill Trading Estate
Station Road
Coleshill
Birmingham
B46 1JT





REGISTERED NUMBER: 04816120 (England and Wales)





ACCOUNTANTS: Harwoods
1 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

PARADIGM OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 04816120)

ABRIDGED BALANCE SHEET
30 JUNE 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,674 16,396

CURRENT ASSETS
Stocks 22,264 47,373
Debtors 249,655 596,233
Prepayments and accrued income 16,314 19,834
Cash at bank and in hand 449,656 343,902
737,889 1,007,342
CREDITORS
Amounts falling due within one year 292,431 638,015
NET CURRENT ASSETS 445,458 369,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,132

385,723

PROVISIONS FOR LIABILITIES (763 ) (1,803 )

ACCRUALS AND DEFERRED INCOME (244,674 ) (7,198 )
NET ASSETS 209,695 376,722

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 209,495 376,522
SHAREHOLDERS' FUNDS 209,695 376,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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.

PARADIGM OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 04816120)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2019 and were signed on its behalf
by:




J W Bell - Director



J McMullen - Director


PARADIGM OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 04816120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019

1. STATUTORY INFORMATION

Paradigm Office Interiors 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 (£).


The financial statements are rounded to the nearest £1.

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.

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.
Land and buildings - Over the life of the lease
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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.

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

PARADIGM OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 04816120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2018 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2018
and 30 June 2019 67,183
DEPRECIATION
At 1 July 2018 50,787
Charge for year 6,722
At 30 June 2019 57,509
NET BOOK VALUE
At 30 June 2019 9,674
At 30 June 2018 16,396

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

Totals
£   
COST
At 1 July 2018 7,715
Transfer to ownership (7,715 )
At 30 June 2019 -
DEPRECIATION
At 1 July 2018 2,979
Transfer to ownership (2,979 )
At 30 June 2019 -
NET BOOK VALUE
At 30 June 2019 -
At 30 June 2018 4,736

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.19 30.6.18
£    £   
Net obligations repayable:
Within one year - 4,520

PARADIGM OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 04816120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019

5. LEASING AGREEMENTS - continued

Non-cancellable operating
leases
30.6.19 30.6.18
£    £   
Within one year 40,721 37,150
Between one and five years 68,006 77,022
108,727 114,172

6. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 30.6.19 30.6.18
value: £    £   
100 Ordinary A Shares £1 100 100
100 Ordinary B shares £1 100 100
100 Ordinary C shares £1 - -
200 200

7. PENSION COMMITMENTS

The pension cost charge represents contributions payable by the company regarding the pension amounting to
£6,412 (2018 - £2,905). Contributions totalling £1,432 (2018 - £851) were payable to the fund at the balance
sheet date and included in other creditors.