The Paradigm Solution (2013) Limited - Period Ending 2015-06-30

Registration number: 08579950

The Paradigm Solution (2013) Limited

Unaudited Abbreviated Accounts

30 June 2015
 

The Paradigm Solution (2013) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Financial Statements of
The Paradigm Solution (2013) Limited
for the Year Ended 30 June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Paradigm Solution (2013) Limited for the year ended 30 June 2015 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Paradigm Solution (2013) Limited, as a body, in accordance with the terms of our engagement letter dated 26 June 2013. Our work has been undertaken solely to prepare for your approval the financial statements of The Paradigm Solution (2013) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Paradigm Solution (2013) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Paradigm Solution (2013) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Paradigm Solution (2013) Limited. You consider that The Paradigm Solution (2013) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Paradigm Solution (2013) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

16 March 2016

Page 1

The Paradigm Solution (2013) Limited
(Registration number: 08579950)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,367			643
Current assets
Debtors					51,279			15,166
Cash at bank and in hand					2,417			2,047
					53,696			17,213
Creditors: Amounts falling due within one year					(17,986)			(11,165)
Net current assets					35,710			6,048
Total assets less current liabilities					37,077			6,691
Provisions for liabilities					(274)			(129)
Net assets					36,803			6,562
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					36,703			6,462
Shareholders' funds					36,803			6,562

For the year ending 30 June 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 16 March 2016

.........................................
S R Findley
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

The Paradigm Solution (2013) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		965			965
Additions		1,318			1,318
At 30 June 2015		2,283			2,283
Depreciation
At 1 July 2014		322			322
Charge for the year		594			594
At 30 June 2015		916			916
Net book value
At 30 June 2015		1,367			1,367
At 30 June 2014		643			643

Page 3

The Paradigm Solution (2013) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
S R Findley
Opening balance	4,983	-	-	-
Advances	78,330	-	24,419	-
Divdends	-	27,000	-	-
Repayments	-	22,377	-	19,485
Interest	775	-	49	-
Expenses paid on behalf of the company	-	4,067	-	-
	-	-	-	-
	84,088	53,444	24,468	19,485

  Directors' advances are repayable on demand.
  Interest has been charged at a rate of 4% and 3.25% on advances to directors.
  The maximum amount owed by S R Findley during the year was £30,551.

5

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 4