Paragon Solar Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07677216 (England and Wales)

Paragon Solar Limited

Abbreviated Unaudited Accounts

for the Year Ended

30 June 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A P Gibson

A Dowds

REGISTERED OFFICE:

Holly Lodge

Daisy Green Road

Great Ashfield

Bury St Edmunds

Suffolk

IP31 3HX

REGISTERED NUMBER:

07677216 (England and Wales)

ACCOUNTANTS:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

2

1,141

1,463

CURRENT ASSETS

Debtors

822

966

Cash at bank

38

542

860

1,508

CREDITORS

Amounts falling due within one year

(1,213

)

(1,583

)

NET CURRENT LIABILITIES

(353

)

(75

)

TOTAL ASSETS LESS CURRENT LIABILITIES

788

1,388

PROVISIONS FOR LIABILITIES

(228

)

(293

)

NET ASSETS

560

1,095

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

556

1,091

SHAREHOLDERS' FUNDS

560

1,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 March 2015 and were signed on its behalf by:

A P Gibson - 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 goods and services, 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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

2,439

DEPRECIATION

At 1 July 2013

976

Charge for year

322

At 30 June 2014

1,298

NET BOOK VALUE

At 30 June 2014

1,141

At 30 June 2013

1,463

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

4

Ordinary

£1

4

4