Paragon Design Concepts Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02459336 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PARAGON DESIGN CONCEPTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr K Page

REGISTERED OFFICE:

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

REGISTERED NUMBER:

02459336 (England and Wales)

ACCOUNTANTS:

Horsham Accountancy Services Ltd

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

CURRENT ASSETS

Debtors

250,975

164,980

Cash at bank

59,142

154,489

310,117

319,469

CREDITORS

Amounts falling due within one year

97

97

NET CURRENT ASSETS

310,020

319,372

TOTAL ASSETS LESS CURRENT LIABILITIES

310,020

319,372

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

310,018

319,370

SHAREHOLDERS' FUNDS

310,020

319,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 October 2014 and were signed by:

Mr K Page - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

1

2

2

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

Mr K Page

Balance outstanding at start of year

37,968

180,375

Amounts advanced

52,855

37,968

Amounts repaid

(41,236

)

(180,375

)

Balance outstanding at end of year

49,587

37,968

The Director, Mr K Page, benefitted from a loan facility in the year. The loan is repayable on demand, and the

company charges interest on balances outstanding at 4% per annum.