PARADOXX LTD

PARADOXX LTD

PARADOXX LTD - Company Information

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PARADOXX LTD

Company Registration Number:
NI643855 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

PARADOXX LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

PARADOXX LTD

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 837,635 590,828
Tangible assets: 4 100,928 24,559
Total fixed assets: 938,563 615,387
Current assets
Stocks: 128,389 190,599
Debtors:   432,045 131,476
Cash at bank and in hand: 191,722 73,747
Total current assets: 752,156 395,822
Creditors: amounts falling due within one year:   (434,146) (112,202)
Net current assets (liabilities): 318,010 283,620
Total assets less current liabilities: 1,256,573 899,007
Creditors: amounts falling due after more than one year: 5 (44,512) (49,167)
Total net assets (liabilities): 1,212,061 849,840
Capital and reserves
Called up share capital: 3,341,011 2,337,959
Profit and loss account: (2,128,950) (1,488,119)
Shareholders funds: 1,212,061 849,840

The notes form part of these financial statements

PARADOXX LTD

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 September 2022
and signed on behalf of the board by:

Name: Yolanda Cooper
Status: Director

The notes form part of these financial statements

PARADOXX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PARADOXX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 9 8

PARADOXX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 603,983
Additions 246,807
At 31 December 2021 850,790
Amortisation
At 01 January 2021 13,155
At 31 December 2021 13,155
Net book value
At 31 December 2021 837,635
At 31 December 2020 590,828

PARADOXX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 55,799
Additions 99,915
Disposals (1,818)
At 31 December 2021 153,896
Depreciation
At 01 January 2021 31,240
Charge for year 23,294
On disposals (1,566)
At 31 December 2021 52,968
Net book value
At 31 December 2021 100,928
At 31 December 2020 24,559

PARADOXX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due after more than one year note

Bank Loan £44,512 (FY2020 £49,167)