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Company Registration No. 04507357 (England and Wales)
PAP SERVICES LTD Unaudited accounts for the year ended 31 March 2023
PAP SERVICES LTD Unaudited accounts Contents
Page
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PAP SERVICES LTD Company Information for the year ended 31 March 2023
Directors
Behnam Menhadji
Secretary
Akram Menhadji
Company Number
04507357 (England and Wales)
Registered Office
4 Laurimel Close September Way Stanmore Middlesex HA7 2SU
Accountants
WNA Accountants Limited 4 Imperial Place Maxwell Road Borehamwood WD6 1JN
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PAP SERVICES LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,879 
5,879 
Investments
5,677 
49,756 
9,556 
55,635 
Current assets
Debtors
54,312 
91,206 
Cash at bank and in hand
3,583 
26,634 
57,895 
117,840 
Creditors: amounts falling due within one year
(24,850)
(110,630)
Net current assets
33,045 
7,210 
Total assets less current liabilities
42,601 
62,845 
Creditors: amounts falling due after more than one year
(56,024)
(47,888)
Net (liabilities)/assets
(13,423)
14,957 
Capital and reserves
Called up share capital
1,300 
1,300 
Profit and loss account
(14,723)
13,657 
Shareholders' funds
(13,423)
14,957 
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 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 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 of Directors and authorised for issue on 1 September 2023 and were signed on its behalf by
Behnam Menhadji Director Company Registration No. 04507357
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PAP SERVICES LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PAP SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 04507357. The registered office is 4 Laurimel Close, September Way, Stanmore, Middlesex, HA7 2SU.
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
25% WDV method
Computer equipment
25% WDV method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
3,170 
31,843 
35,013 
At 31 March 2023
3,170 
31,843 
35,013 
Depreciation
At 1 April 2022
1,833 
27,301 
29,134 
Charge for the year
334 
1,666 
2,000 
At 31 March 2023
2,167 
28,967 
31,134 
Net book value
At 31 March 2023
1,003 
2,876 
3,879 
At 31 March 2022
1,337 
4,542 
5,879 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
49,756 
Disposals
(44,079)
Valuation at 31 March 2023
5,677 
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PAP SERVICES LTD Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
452 
2,092 
Trade debtors
- 
69,929 
Accrued income and prepayments
- 
17,450 
Other debtors
53,860 
1,735 
54,312 
91,206 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,816 
- 
Trade creditors
34 
17,094 
Taxes and social security
- 
19,581 
Other creditors
- 
3,481 
Loans from directors
- 
10,935 
Deferred income
- 
59,539 
24,850 
110,630 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
56,024 
47,888 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Behnam Menhadji
Loan to director
(10,935)
64,175 
- 
53,240 
(10,935)
64,175 
- 
53,240 
The loan repaid within the 9 months of the year end.
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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