Company Registration No. 05712626 (England and Wales)
PARAGON HOMES LIMITED
Unaudited accounts
for the year ended 28 February 2022
PARAGON HOMES LIMITED
Unaudited accounts
Contents
PARAGON HOMES LIMITED
Company Information
for the year ended 28 February 2022
Director
Richard Neil Swift
Company Number
05712626 (England and Wales)
Registered Office
10A NETHERMOOR ROAD
NEW TUPTON
CHESTERFIELD
DERBYSHIRE
S42 6EF
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
PARAGON HOMES LIMITED
Statement of financial position
as at 28 February 2022
Tangible assets
11,346
836
Inventories
34,286
240,000
Cash at bank and in hand
139,033
89,216
Creditors: amounts falling due within one year
(73,997)
(132,972)
Net current assets
109,757
208,940
Total assets less current liabilities
121,103
209,776
Creditors: amounts falling due after more than one year
(50,000)
(240,000)
Net assets/(liabilities)
71,103
(30,224)
Called up share capital
200
200
Profit and loss account
70,903
(30,424)
Shareholders' funds
71,103
(30,224)
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 May 2022 and were signed on its behalf by
Richard Neil Swift
Director
Company Registration No. 05712626
PARAGON HOMES LIMITED
Notes to the Accounts
for the year ended 28 February 2022
PARAGON HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05712626. The registered office is 10A NETHERMOOR ROAD, NEW TUPTON, CHESTERFIELD, DERBYSHIRE, S42 6EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2021
11,618
-
5,819
2,339
19,776
Additions
-
10,500
-
4,248
14,748
At 28 February 2022
11,618
10,500
5,819
6,587
34,524
At 1 March 2021
11,055
-
5,550
2,335
18,940
Charge for the year
140
2,625
67
1,406
4,238
At 28 February 2022
11,195
2,625
5,617
3,741
23,178
At 28 February 2022
423
7,875
202
2,846
11,346
At 28 February 2021
563
-
269
4
836
PARAGON HOMES LIMITED
Notes to the Accounts
for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
1,615
10,660
Taxes and social security
1,141
(741)
Other creditors
71,241
119,796
Loans from directors
-
3,257
7
Creditors: amounts falling due after more than one year
2022
2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 2 (2021: 4).