Company Registration No. 08648523 (England and Wales)
Paragon Distribution Ltd
Abbreviated unaudited accounts
for the year ended 31 August 2016
Paragon Distribution Ltd
Abbreviated Balance Sheet
as at 31 August 2016
Tangible assets
1,649
1,668
Cash at bank and in hand
100,886
36,614
Creditors: amounts falling due within one year
(114,669)
(103,348)
Net current assets
12,125
4,186
Called up share capital
1,000
1,000
Profit and loss account
12,774
4,854
Total shareholders' funds
13,774
5,854
For the year ending 31 August 2016 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 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 January 2015).
Approved by the board on 8 February 2017
Zeeshan Ahmed Zeb
Director
Company Registration No. 08648523
Paragon Distribution Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
