Pagon Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09570756

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Pagon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Gibson

REGISTERED OFFICE:

16 Turncroft Road

Darwen

BB3 2BW

REGISTERED NUMBER:

09570756

ACCOUNTANTS:

Account-Angels (North West) Limited

Uglow Farm

Broadhead Road

Edgworth

Bolton

BL7 0JN

FIXED ASSETS

Tangible assets

4

8,800

11,821

CURRENT ASSETS

Debtors

5

10,982

14,869

Cash at bank

5,715

6,211

16,697

21,080

CREDITORS

Amounts falling due within one year

6

5,734

15,292

NET CURRENT ASSETS

10,963

5,788

TOTAL ASSETS LESS CURRENT LIABILITIES

19,763

17,609

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

19,762

17,608

SHAREHOLDERS' FUNDS

19,763

17,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 June 2019 and were signed by:

P R Gibson - Director

1.	STATUTORY INFORMATION

Pagon Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax is

measured using tax rates and laws that have been enacted or substantively enacted by the year

end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2018

and 30 April 2019

14,700

1,193

15,893

DEPRECIATION

At 1 May 2018

3,675

397

4,072

Charge for year

2,756

265

3,021

At 30 April 2019

6,431

662

7,093

NET BOOK VALUE

At 30 April 2019

8,269

531

8,800

At 30 April 2018

11,025

796

11,821

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

1,248

14,869

Other debtors

9,734

-

10,982

14,869

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Taxation and social security

5,138

14,696

Other creditors

596

596

5,734

15,292