Paradigm Design Products Limited
Paradigm Design Products Limited
Registered number: 05753915
Unaudited Financial Statements
For The Year Ended
31 March 2022
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Paradigm Design Products Limited
Unaudited Financial Statements
For The Year Ended
31 March 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3 |
Page 1
Paradigm Design Products Limited
Balance Sheet
As at
31 March 2022
Balance Sheet
Registered number:
05753915
For the year ending 31 March 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 directors acknowledge their 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.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 3 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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Creditors: Amounts Falling Due After More Than One Year | 4 |
( |
( |
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NET LIABILITIES |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and Loss Account |
( |
( |
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SHAREHOLDERS' FUNDS | (26,551) | (25,867) | |||
Page 1
Page 2
Paradigm Design Products Limited
Balance Sheet (continued)
As at
31 March 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on page 3 form part of these financial statements.
Page 2
Page 3
Paradigm Design Products Limited
Notes to the Financial Statements
For The Year Ended
31 March 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2021: 2)
3.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
Other creditors | 1,200 | 600 | |
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4.
Creditors: Amounts Falling Due After More Than One Year
2022 | 2021 | ||
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£ | £ | ||
Other creditors | 25,373 | 25,373 | |
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5.
Share Capital
2022 | 2021 | ||
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Allotted, Called up and fully paid |
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6.
Controlling Party
The company's controlling party is
Mr S Daniel
by virtue of his ownership of 85% of the issued share capital in the company.
7.
Going Concern
As at the balance sheet date the company had net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholder will continue to support the company for the foreseeable future.
Page 3