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REGISTERED NUMBER: 07274250 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Accounting & Payroll Stationery Limited

Accounting & Payroll Stationery Limited (Registered number: 07274250)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Accounting & Payroll Stationery Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: Mr B Taylor
Mrs A K Taylor





REGISTERED OFFICE: Unit 16
Brunel Way
Stroudwater Business Park
Stonehouse
GL10 3SX





REGISTERED NUMBER: 07274250 (England and Wales)





ACCOUNTANTS: JHF Accounting
Aldreth
Pearcroft Road
Stonehouse
Gloucestershire
GL10 2JY

Accounting & Payroll Stationery Limited (Registered number: 07274250)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £   
CURRENT ASSETS
Debtors 4 256,812 23,971
Cash at bank 276,899 271,700
533,711 295,671
CREDITORS
Amounts falling due within one year 5 216,680 64,507
NET CURRENT ASSETS 317,031 231,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,031

231,164

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 317,029 231,162
SHAREHOLDERS' FUNDS 317,031 231,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:



Mr B Taylor - Director


Accounting & Payroll Stationery Limited (Registered number: 07274250)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Accounting & Payroll Stationery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Accounting & Payroll Stationery Limited (Registered number: 07274250)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument

Dividends

Equity dividends are recognised when they legally become payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholdersat an annual general meeting.

Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company's accounting policies, management are required to make certain estimates and judgements. The key estimates and judgements are as follows:

Depreciation and residual values

The director has reviewed the asset lives and associated residual values of all fixed asset classes, and has concluded that asset lives and residual values are appropriate

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 65,436 11,165
Amounts owed by group undertakings 191,376 9,000
Other debtors - 3,806
256,812 23,971

Accounting & Payroll Stationery Limited (Registered number: 07274250)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade creditors 26,679 3,795
Taxation and social security 46,501 28,912
Other creditors 143,500 31,800
216,680 64,507

6. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is MDL Kelex Group Limited, Company number 12212449, incorporated in England & Wales. The company is under the control of Mr B Taylor by virtue of his majority shareholding in the ultimate parent undertaking.