Paragon Scientific Limited

Paragon Scientific Limited

PARAGON SCIENTIFIC LIMITED - Company Information

Print Friendly Version

true 1 September 2013 31 August 2014 31 August 2014 true false 02908151 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02908151 2013-08-31 02908151 2014-08-31 02908151 2013-09-01 2014-08-31 02908151 uk-gaap:RestatedAmount 2013-08-31 02908151 uk-gaap:RestatedAmount 2014-08-31 02908151 uk-gaap:NetGoodwill 2013-08-31 02908151 uk-gaap:NetGoodwill 2014-08-31 02908151 uk-gaap:NetGoodwill 2013-09-01 2014-08-31 02908151 uk-gaap:OtherIntangibleFixedAssets 2013-09-01 2014-08-31 02908151 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-08-31 02908151 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-08-31 02908151 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-09-01 2014-08-31 02908151 uk-gaap:DevelopmentCosts 2013-08-31 02908151 uk-gaap:DevelopmentCosts 2014-08-31 02908151 uk-gaap:DevelopmentCosts 2013-09-01 2014-08-31 02908151 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-08-31 02908151 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-09-01 2014-08-31 02908151 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-08-31 02908151 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-09-01 2014-08-31 02908151 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-08-31 02908151 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-08-31 02908151 uk-gaap:PlantMachinery 2013-09-01 2014-08-31 02908151 uk-gaap:PlantMachinery 2013-08-31 02908151 uk-gaap:PlantMachinery 2014-08-31 02908151 uk-gaap:Vehicles 2013-09-01 2014-08-31 02908151 uk-gaap:Vehicles 2013-08-31 02908151 uk-gaap:Vehicles 2014-08-31 02908151 uk-gaap:FixturesFittings 2013-09-01 2014-08-31 02908151 uk-gaap:FixturesFittings 2013-08-31 02908151 uk-gaap:FixturesFittings 2014-08-31 02908151 uk-gaap:ComputerEquipment 2013-09-01 2014-08-31 02908151 uk-gaap:ComputerEquipment 2013-08-31 02908151 uk-gaap:ComputerEquipment 2014-08-31 02908151 uk-gaap:SharesListedFixedAssetInvestments 2013-08-31 02908151 uk-gaap:SharesListedFixedAssetInvestments 2013-09-01 2014-08-31 02908151 uk-gaap:SharesListedFixedAssetInvestments 2014-08-31 02908151 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-08-31 02908151 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-09-01 2014-08-31 02908151 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-08-31 02908151 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-08-31 02908151 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-09-01 2014-08-31 02908151 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-08-31 02908151 uk-gaap:ProvisionsForBadDebts 2013-08-31 02908151 uk-gaap:ProvisionsForBadDebts 2013-09-01 2014-08-31 02908151 uk-gaap:ProvisionsForBadDebts 2014-08-31 02908151 uk-gaap:ProvisionsForDeferredTaxation 2013-08-31 02908151 uk-gaap:ProvisionsForDeferredTaxation 2013-09-01 2014-08-31 02908151 uk-gaap:ProvisionsForDeferredTaxation 2014-08-31 02908151 uk-gaap:OtherProvisions 2013-08-31 02908151 uk-gaap:OtherProvisions 2013-09-01 2014-08-31 02908151 uk-gaap:OtherProvisions 2014-08-31 02908151 uk-gaap:WithinOneYear 2013-08-31 02908151 uk-gaap:WithinOneYear 2013-09-01 2014-08-31 02908151 uk-gaap:WithinOneYear 2014-08-31 02908151 uk-gaap:AfterOneYear 2013-08-31 02908151 uk-gaap:AfterOneYear 2013-09-01 2014-08-31 02908151 uk-gaap:AfterOneYear 2014-08-31 02908151 uk-bus:AllOrdinaryShares 2014-08-31 02908151 uk-bus:AllOrdinaryShares 2013-08-31 02908151 uk-bus:OrdinaryShareClass1 2014-08-31 02908151 uk-bus:OrdinaryShareClass2 2014-08-31 02908151 uk-bus:OrdinaryShareClass3 2014-08-31 02908151 uk-bus:OrdinaryShareClass4 2014-08-31 02908151 uk-bus:OrdinaryShareClass5 2014-08-31 02908151 uk-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 02908151 uk-bus:OrdinaryShareClass2 2013-09-01 2014-08-31 02908151 uk-bus:OrdinaryShareClass3 2013-09-01 2014-08-31 02908151 uk-bus:OrdinaryShareClass4 2013-09-01 2014-08-31 02908151 uk-bus:OrdinaryShareClass5 2013-09-01 2014-08-31 02908151 uk-bus:PreferenceShareClass1 2014-08-31 02908151 uk-bus:PreferenceShareClass2 2014-08-31 02908151 uk-bus:PreferenceShareClass3 2014-08-31 02908151 uk-bus:PreferenceShareClass4 2014-08-31 02908151 uk-bus:PreferenceShareClass5 2014-08-31 02908151 uk-bus:PreferenceShareClass1 2013-09-01 2014-08-31 02908151 uk-bus:PreferenceShareClass2 2013-09-01 2014-08-31 02908151 uk-bus:PreferenceShareClass3 2013-09-01 2014-08-31 02908151 uk-bus:PreferenceShareClass4 2013-09-01 2014-08-31 02908151 uk-bus:PreferenceShareClass5 2013-09-01 2014-08-31 02908151 uk-bus:CompanySecretary 2013-09-01 2014-08-31 02908151 uk-bus:RegisteredOffice 2013-09-01 2014-08-31 02908151 uk-bus:EntityAccountantsOrAuditors 2013-09-01 2014-08-31 02908151 uk-bus:EntityAccountantsOrAuditors 2014-08-31 02908151 uk-bus:MainBusiness 2013-09-01 2014-08-31 02908151 uk-bus:EntityBankers 2013-09-01 2014-08-31 02908151 uk-bus:EntityLawyersOrLegalAdvisers 2013-09-01 2014-08-31 02908151 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2013-09-01 2014-08-31 02908151 uk-bus:HighestPaidDirector 2013-09-01 2014-08-31 02908151 uk-bus:HighestPaidDirector 2014-08-31 02908151 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-09-01 2014-08-31 02908151 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-09-01 2014-08-31 02908151 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2013-09-01 2014-08-31 02908151 uk-bus:AllEntityOfficers 2013-09-01 2014-08-31 02908151 uk-gaap:InvestmentProperties 2013-08-31 02908151 uk-gaap:InvestmentProperties 2013-09-01 2014-08-31 02908151 uk-gaap:InvestmentProperties 2014-08-31 02908151 uk-gaap:IntellectualProperty 2013-09-01 2014-08-31 02908151 uk-gaap:IntellectualProperty 2013-08-31 02908151 uk-gaap:IntellectualProperty 2014-08-31 02908151 uk-countries:UnitedKingdom 2013-09-01 2014-08-31 02908151 uk-countries:Europe 2013-09-01 2014-08-31 02908151 uk-countries:NorthAmerica 2013-09-01 2014-08-31 02908151 uk-countries:SouthAmerica 2013-09-01 2014-08-31 02908151 uk-countries:Asia 2013-09-01 2014-08-31 02908151 uk-countries:RestWorldOutsideUK 2013-09-01 2014-08-31 02908151 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-09-01 2014-08-31 02908151 uk-gaap:LeasedTangibleFixedAssets 2013-09-01 2014-08-31 02908151 uk-gaap:AllSubsidiaries 2013-09-01 2014-08-31 02908151 uk-gaap:AllAssociates 2013-09-01 2014-08-31 02908151 dpl-gaap:CostSales 2013-08-31 02908151 dpl-gaap:CostSales 2014-08-31 02908151 dpl-gaap:CostSales 2013-09-01 2014-08-31 02908151 dpl-gaap:DistributionCosts 2013-09-01 2014-08-31 02908151 dpl-gaap:AdministrativeExpenses 2013-09-01 2014-08-31 02908151 uk-bus:Director1 2013-09-01 2014-08-31 02908151 2012-08-31 02908151 2013-08-31 02908151 2012-09-01 2013-08-31 02908151 uk-gaap:RestatedAmount 2012-08-31 02908151 uk-gaap:RestatedAmount 2013-08-31 02908151 uk-gaap:NetGoodwill 2012-08-31 02908151 uk-gaap:NetGoodwill 2013-08-31 02908151 uk-gaap:NetGoodwill 2012-09-01 2013-08-31 02908151 uk-gaap:OtherIntangibleFixedAssets 2012-09-01 2013-08-31 02908151 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-08-31 02908151 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-08-31 02908151 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-09-01 2013-08-31 02908151 uk-gaap:DevelopmentCosts 2012-08-31 02908151 uk-gaap:DevelopmentCosts 2013-08-31 02908151 uk-gaap:DevelopmentCosts 2012-09-01 2013-08-31 02908151 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-08-31 02908151 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-09-01 2013-08-31 02908151 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-08-31 02908151 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2012-09-01 2013-08-31 02908151 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2012-08-31 02908151 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-08-31 02908151 uk-gaap:PlantMachinery 2012-09-01 2013-08-31 02908151 uk-gaap:PlantMachinery 2012-08-31 02908151 uk-gaap:PlantMachinery 2013-08-31 02908151 uk-gaap:Vehicles 2012-09-01 2013-08-31 02908151 uk-gaap:Vehicles 2012-08-31 02908151 uk-gaap:Vehicles 2013-08-31 02908151 uk-gaap:FixturesFittings 2012-09-01 2013-08-31 02908151 uk-gaap:FixturesFittings 2012-08-31 02908151 uk-gaap:FixturesFittings 2013-08-31 02908151 uk-gaap:ComputerEquipment 2012-09-01 2013-08-31 02908151 uk-gaap:ComputerEquipment 2012-08-31 02908151 uk-gaap:ComputerEquipment 2013-08-31 02908151 uk-gaap:SharesListedFixedAssetInvestments 2012-08-31 02908151 uk-gaap:SharesListedFixedAssetInvestments 2012-09-01 2013-08-31 02908151 uk-gaap:SharesListedFixedAssetInvestments 2013-08-31 02908151 uk-gaap:SharesUnlistedFixedAssetInvestments 2012-08-31 02908151 uk-gaap:SharesUnlistedFixedAssetInvestments 2012-09-01 2013-08-31 02908151 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-08-31 02908151 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2012-08-31 02908151 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2012-09-01 2013-08-31 02908151 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-08-31 02908151 uk-gaap:ProvisionsForBadDebts 2012-08-31 02908151 uk-gaap:ProvisionsForBadDebts 2012-09-01 2013-08-31 02908151 uk-gaap:ProvisionsForBadDebts 2013-08-31 02908151 uk-gaap:ProvisionsForDeferredTaxation 2012-08-31 02908151 uk-gaap:ProvisionsForDeferredTaxation 2012-09-01 2013-08-31 02908151 uk-gaap:ProvisionsForDeferredTaxation 2013-08-31 02908151 uk-gaap:OtherProvisions 2012-08-31 02908151 uk-gaap:OtherProvisions 2012-09-01 2013-08-31 02908151 uk-gaap:OtherProvisions 2013-08-31 02908151 uk-gaap:WithinOneYear 2012-08-31 02908151 uk-gaap:WithinOneYear 2012-09-01 2013-08-31 02908151 uk-gaap:WithinOneYear 2013-08-31 02908151 uk-gaap:AfterOneYear 2012-08-31 02908151 uk-gaap:AfterOneYear 2012-09-01 2013-08-31 02908151 uk-gaap:AfterOneYear 2013-08-31 02908151 uk-bus:AllOrdinaryShares 2013-08-31 02908151 uk-bus:AllOrdinaryShares 2012-08-31 02908151 uk-bus:OrdinaryShareClass1 2013-08-31 02908151 uk-bus:OrdinaryShareClass2 2013-08-31 02908151 uk-bus:OrdinaryShareClass3 2013-08-31 02908151 uk-bus:OrdinaryShareClass4 2013-08-31 02908151 uk-bus:OrdinaryShareClass5 2013-08-31 02908151 uk-bus:OrdinaryShareClass1 2012-09-01 2013-08-31 02908151 uk-bus:OrdinaryShareClass2 2012-09-01 2013-08-31 02908151 uk-bus:OrdinaryShareClass3 2012-09-01 2013-08-31 02908151 uk-bus:OrdinaryShareClass4 2012-09-01 2013-08-31 02908151 uk-bus:OrdinaryShareClass5 2012-09-01 2013-08-31 02908151 uk-bus:PreferenceShareClass1 2013-08-31 02908151 uk-bus:PreferenceShareClass2 2013-08-31 02908151 uk-bus:PreferenceShareClass3 2013-08-31 02908151 uk-bus:PreferenceShareClass4 2013-08-31 02908151 uk-bus:PreferenceShareClass5 2013-08-31 02908151 uk-bus:PreferenceShareClass1 2012-09-01 2013-08-31 02908151 uk-bus:PreferenceShareClass2 2012-09-01 2013-08-31 02908151 uk-bus:PreferenceShareClass3 2012-09-01 2013-08-31 02908151 uk-bus:PreferenceShareClass4 2012-09-01 2013-08-31 02908151 uk-bus:PreferenceShareClass5 2012-09-01 2013-08-31 02908151 uk-bus:CompanySecretary 2012-09-01 2013-08-31 02908151 uk-bus:RegisteredOffice 2012-09-01 2013-08-31 02908151 uk-bus:EntityAccountantsOrAuditors 2012-09-01 2013-08-31 02908151 uk-bus:EntityAccountantsOrAuditors 2013-08-31 02908151 uk-bus:MainBusiness 2012-09-01 2013-08-31 02908151 uk-bus:EntityBankers 2012-09-01 2013-08-31 02908151 uk-bus:EntityLawyersOrLegalAdvisers 2012-09-01 2013-08-31 02908151 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2012-09-01 2013-08-31 02908151 uk-bus:HighestPaidDirector 2012-09-01 2013-08-31 02908151 uk-bus:HighestPaidDirector 2013-08-31 02908151 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2012-09-01 2013-08-31 02908151 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2012-09-01 2013-08-31 02908151 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2012-09-01 2013-08-31 02908151 uk-bus:AllEntityOfficers 2012-09-01 2013-08-31 02908151 uk-gaap:InvestmentProperties 2012-08-31 02908151 uk-gaap:InvestmentProperties 2012-09-01 2013-08-31 02908151 uk-gaap:InvestmentProperties 2013-08-31 02908151 uk-gaap:IntellectualProperty 2012-09-01 2013-08-31 02908151 uk-gaap:IntellectualProperty 2012-08-31 02908151 uk-gaap:IntellectualProperty 2013-08-31 02908151 uk-countries:UnitedKingdom 2012-09-01 2013-08-31 02908151 uk-countries:Europe 2012-09-01 2013-08-31 02908151 uk-countries:NorthAmerica 2012-09-01 2013-08-31 02908151 uk-countries:SouthAmerica 2012-09-01 2013-08-31 02908151 uk-countries:Asia 2012-09-01 2013-08-31 02908151 uk-countries:RestWorldOutsideUK 2012-09-01 2013-08-31 02908151 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-09-01 2013-08-31 02908151 uk-gaap:LeasedTangibleFixedAssets 2012-09-01 2013-08-31 02908151 uk-gaap:AllSubsidiaries 2012-09-01 2013-08-31 02908151 uk-gaap:AllAssociates 2012-09-01 2013-08-31 02908151 dpl-gaap:CostSales 2012-08-31 02908151 dpl-gaap:CostSales 2013-08-31 02908151 dpl-gaap:CostSales 2012-09-01 2013-08-31 02908151 dpl-gaap:DistributionCosts 2012-09-01 2013-08-31 02908151 dpl-gaap:AdministrativeExpenses 2012-09-01 2013-08-31 02908151 uk-bus:Director1 2012-09-01 2013-08-31
Registered number: 02908151
Paragon Scientific Limited
Abbreviated accounts
For The Year Ended 31 August 2014
Paragon Scientific Limited
Company No. 02908151
Abbreviated Balance Sheet 31 August 2014
Abbreviated Balance Sheet
2014 2013
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 249,615 247,072
249,615 247,072
CURRENT ASSETS
Stocks 157,932 128,984
Debtors 162,326 101,181
Cash at bank and in hand 351,653 101,077
671,911 331,242
Creditors: Amounts Falling Due Within One Year (286,107) (120,531)
NET CURRENT ASSETS (LIABILITIES) 385,804 210,711
TOTAL ASSETS LESS CURRENT LIABILITIES 635,419 457,783
Creditors: Amounts Falling After More Than One Year 3 - (1,762)
NET ASSETS 635,419 456,021
CAPITAL AND RESERVES
Called up share capital 4 520 520
Capital redemption reserve 420 420
Profit and Loss account 634,479 455,081
SHAREHOLDERS' FUNDS 635,419 456,021
Page 1
Paragon Scientific Limited
Company No. 02908151
Abbreviated Balance Sheet (continued) 31 August 2014
For the year ending 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
  • The member has 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 abbreviated 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 2008).
On behalf of the board
Mr Jeffrey Morris
18th November 2014
Page 2
Paragon Scientific Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 August 2014
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Paragon Scientific Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 August 2014
Tangible Assets
Total
Cost £
As at 1 September 2013 472,827
Additions 86,227
Disposals (32,119)
As at 31 August 2014 526,935
Depreciation
As at 1 September 2013 231,094
Provided during the period 69,446
Disposals (23,220)
As at 31 August 2014 277,320
Net Book Value
As at 31 August 2014 249,615
As at 1 September 2013 241,733
Creditors: Amounts Falling After More Than One Year
2014 2013
£ £
Bank loans - 1,762
Share Capital
Value Number 2014 2013
Allotted, called up and fully paid: £ £ £
Ordinary shares 520.000 1 520 520
Page 4