Accounts filed on 30-04-2016

Accounts filed on 30-04-2016

PARAGON OFFICE SUPPLIES LIMITED - Company Information

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PARAGON OFFICE SUPPLIES LIMITED

Company Registration Number:
02393819 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

PARAGON OFFICE SUPPLIES LIMITED

Abbreviated Balance sheet

As at 30 April 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 30,000 35,000
Tangible assets: 3 2,519 3,358
Total fixed assets: 32,519 38,358
Current assets
Debtors: 11,366 14,131
Cash at bank and in hand: 20,568 17,922
Total current assets: 31,934 32,053
Creditors: amounts falling due within one year: ( 73,080 ) ( 77,226 )
Net current assets (liabilities): ( 41,146 ) ( 45,173 )
Total assets less current liabilities: ( 8,627 ) ( 6,815 )
Total net assets (liabilities): ( 8,627 ) ( 6,815 )

The notes form part of these financial statements

PARAGON OFFICE SUPPLIES LIMITED

Balance sheet continued

As at 30 April 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 100 100
Profit and loss account: ( 8,727 ) ( 6,915 )
Shareholders funds: ( 8,627 ) ( 6,815 )

For the year ending 30 April 2016 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 April 2008).

The financial statements were approved by the Board of Directors on 16 May 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mark Porter
Status: Director

The notes form part of these financial statements

PARAGON OFFICE SUPPLIES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)

    Turnover policy

    Turnover represents net invoiced sales of goods excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at 25% per annum on the reducing balance basis

    Intangible fixed assets amortisation policy

    Acquired goodwill is written off in equal installments over its estimated economic life.

PARAGON OFFICE SUPPLIES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 April 2016

  • 2. Intangible assets

    Total
    Cost £
    01 May 2015: 100,000
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 April 2016: 100,000
    Amortisation
    01 May 2015: 65,000
    Provided during the period: 5,000
    On disposals: 0
    Other Adjustments: 0
    30 April 2016: 70,000
    Net book value
    30 April 2016: 30,000
    30 April 2015: 35,000

PARAGON OFFICE SUPPLIES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 April 2016

  • 3. Tangible assets

    Total
    Cost £
    01 May 2015: 8,758
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 April 2016: 8,758
    Depreciation
    01 May 2015: 5,400
    Charge for year: 839
    On disposals: 0
    Other adjustments: 0
    30 April 2016: 6,239
    Net book value
    30 April 2016: 2,519
    30 April 2015: 3,358

PARAGON OFFICE SUPPLIES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 April 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100