Paragon Interiors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04476376 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

PARAGON INTERIORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Jacquin

SECRETARY:

Mrs M Jacquin

REGISTERED OFFICE:

First Floor, 8b, Lonsdale Gardens,

Tunbridge Wells

Kent

TN1 1NU

REGISTERED NUMBER:

04476376 (England and Wales)

ACCOUNTANTS:

WaightSharnock

8b Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

2

3,163

1,104

CURRENT ASSETS

Debtors

64,846

85,586

Cash at bank and in hand

35,586

500

100,432

86,086

CREDITORS

Amounts falling due within one year

39,093

44,316

NET CURRENT ASSETS

61,339

41,770

TOTAL ASSETS LESS CURRENT
LIABILITIES

64,502

42,874

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

64,500

42,872

SHAREHOLDERS' FUNDS

64,502

42,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 28 April 2017 and were signed by:

D Jacquin - 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 January 2015).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

5,855

Additions

2,942

At 31 July 2016

8,797

DEPRECIATION

At 1 August 2015

4,751

Charge for year

883

At 31 July 2016

5,634

NET BOOK VALUE

At 31 July 2016

3,163

At 31 July 2015

1,104

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

D Jacquin

Director and shareholder

The director owns 50% of the issued shares, his wife, Mrs M.Jaquin owns the other 50%. During the year the

director received a dividend of £32,600 (2014 £31,000).

31.7.16

31.7.15

£

Amount due to related party at the balance sheet date

713

2,915