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Company Registration No. 10053852 (England and Wales)
Papilio London Ltd Unaudited accounts for the year ended 31 March 2023
Papilio London Ltd Unaudited accounts Contents
Page
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Papilio London Ltd Company Information for the year ended 31 March 2023
Director
Michael Olsen
Company Number
10053852 (England and Wales)
Registered Office
74 Old Church Lane Stanmore Middlesex HA72RP United Kingdom
Accountants
AccTech Professionals Ltd 126 Linkfield Road Isleworth TW7 6QJ
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Papilio London Ltd Accountants' report
Accountants' report to the director of Papilio London Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Papilio London Ltd for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Papilio London Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Papilio London Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Papilio London Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Papilio London Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Papilio London Ltd. You consider that Papilio London Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Papilio London Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
AccTech Professionals Ltd 126 Linkfield Road Isleworth TW7 6QJ 9 September 2023
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Papilio London Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,055 
1,686 
Current assets
Inventories
656 
1,156 
Debtors
6,341 
5,790 
Cash at bank and in hand
28,084 
22,563 
35,081 
29,509 
Creditors: amounts falling due within one year
(11,175)
(11,284)
Net current assets
23,906 
18,225 
Total assets less current liabilities
24,961 
19,911 
Creditors: amounts falling due after more than one year
(13,760)
(17,420)
Net assets
11,201 
2,491 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
11,001 
2,291 
Shareholders' funds
11,201 
2,491 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2023 and were signed on its behalf by
Michael Olsen Director Company Registration No. 10053852
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Papilio London Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Papilio London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10053852. The registered office is 74 Old Church Lane, Stanmore, Middlesex, HA72RP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
4,210 
At 31 March 2023
4,210 
Depreciation
At 1 April 2022
2,524 
Charge for the year
631 
At 31 March 2023
3,155 
Net book value
At 31 March 2023
1,055 
At 31 March 2022
1,686 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,341 
5,790 
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Papilio London Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,983 
1,885 
Trade creditors
3,857 
2,051 
Taxes and social security
4,835 
6,949 
Loans from directors
- 
(101)
Accruals
500 
500 
11,175 
11,284 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,760 
17,420 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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