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REGISTERED NUMBER: 11333435 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2023

for

The Single Use Paper Company Limited

The Single Use Paper Company Limited (Registered number: 11333435)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Single Use Paper Company Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P N Thompson
J A Davison
S E Haslem





REGISTERED OFFICE: Kellaw Road
Yarm Road Industrial Estate
Darlington
DL1 4YA





REGISTERED NUMBER: 11333435 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

The Single Use Paper Company Limited (Registered number: 11333435)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,667 7,667
Tangible assets 5 28,493 34,199
32,160 41,866

CURRENT ASSETS
Stocks 6 344,449 298,460
Debtors 7 259,936 280,233
Cash at bank 314,961 80,226
919,346 658,919
CREDITORS
Amounts falling due within one year 8 229,768 316,014
NET CURRENT ASSETS 689,578 342,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,738

384,771

CREDITORS
Amounts falling due after more than one
year

9

(505,661

)

(260,379

)

PROVISIONS FOR LIABILITIES 10 (4,556 ) (2,413 )
NET ASSETS 211,521 121,979

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 211,421 121,879
SHAREHOLDERS' FUNDS 211,521 121,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Single Use Paper Company Limited (Registered number: 11333435)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




J A Davison - Director



S E Haslem - Director


The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The Single Use Paper Company 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.

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.

The company transitioned from FRS105 to FRS102 during the year. The accounts to 31 January 2022 are the first set to be prepared under FRS102, including the provisions within Section 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the goods have been delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Tangible fixed assets are recognised at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2022
and 31 January 2023 20,000
AMORTISATION
At 1 February 2022 12,333
Amortisation for year 4,000
At 31 January 2023 16,333
NET BOOK VALUE
At 31 January 2023 3,667
At 31 January 2022 7,667

The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 16,112 17,879 14,375 1,893 50,259
Additions - 3,288 - - 3,288
At 31 January 2023 16,112 21,167 14,375 1,893 53,547
DEPRECIATION
At 1 February 2022 4,968 5,311 5,091 690 16,060
Charge for year 1,611 3,409 3,594 380 8,994
At 31 January 2023 6,579 8,720 8,685 1,070 25,054
NET BOOK VALUE
At 31 January 2023 9,533 12,447 5,690 823 28,493
At 31 January 2022 11,144 12,568 9,284 1,203 34,199

6. STOCKS
2023 2022
£    £   
Stocks 344,449 298,460

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 256,006 272,010
Other debtors 100 2,895
Prepayments 3,830 5,328
259,936 280,233

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,312 168,001
Taxation and social security 175,950 114,831
Other creditors 3,726 -
Accruals and deferred income 18,780 33,182
229,768 316,014

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 264,848 -
Directors' loan accounts 240,813 260,379
505,661 260,379

The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,556 2,413

Deferred
tax
£   
Balance at 1 February 2022 2,413
Provided during year 2,143
Balance at 31 January 2023 4,556

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100