06469142falsePlumbing2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06469142

V Papararo Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

V Papararo Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
V Papararo
M Papararo
REGISTERED OFFICE
68 Second Avenue
Chelmsford
Essex
CM1 4EU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06469142
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

V Papararo Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

V Papararo Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3-1,273
CURRENT ASSETS
Stock1,0001,000
Debtors52,2859,341
Cash at bank and in hand3957,232
3,68017,573
CREDITORS: Amounts falling due within one year68,07413,194
NET CURRENT (LIABILITIES) / ASSETS(4,394)4,379
TOTAL ASSETS LESS CURRENT LIABILITIES(4,394)5,652
PROVISIONS FOR LIABILITIES AND CHARGES7-200
NET (LIABILITIES) / ASSETS(4,394)5,452
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account(4,396)5,450
SHAREHOLDERS' FUNDS(4,394)5,452
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/09/2023 and signed on their behalf by
.............................
V Papararo
Director

V Papararo Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
At the year end the Company's liabilities exceeded its assets by £4,394. The company ceased to trade on 31st March 2023 and so this means the directors will not recover the debt due to them in its entirety. The assets and liabilities in the balance sheet are stated at their market value at the year end date.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 33%
Commercial Vehiclesreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

V Papararo Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/04/202237514,83215,207
Disposals(375)(14,832)(15,207)
At 31/03/2023---
Depreciation
At 01/04/202225013,68413,934
Disposals(250)(13,684)(13,934)
At 31/03/2023---
Net Book Amounts
At 31/03/2023---
At 31/03/20221251,1481,273
4. STOCK 20232022
££
Stock comprises:
Stock1,0001,000
1,0001,000
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-8,091
UK corporation tax2,058-
VAT2271,250
2,2859,341
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-2,227
PAYE control-165
Directors current account6,62470
Trade creditors-9,019
Other creditors-363
Accruals1,450-
Deferred income-1,350
8,07413,194

V Papararo Limited

7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation-200
-200
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
9. CONTROLLING PARTY
The company is controlled by its directors, V and M Papararo.
10. RELATED PARTY TRANSACTIONS
At the year end date the company owed its directors £6,624 (2022: £70). This debt is included in creditors, is repayable on demand and attracts no interest.