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Company Registration No. 14680495 (England and Wales)
Paper Planet London Ltd Unaudited accounts for the period from 21 February 2023 to 29 February 2024
Paper Planet London Ltd Unaudited accounts Contents
Page
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Paper Planet London Ltd Company Information for the period from 21 February 2023 to 29 February 2024
Director
Adil Shahzad
Company Number
14680495 (England and Wales)
Registered Office
34 Queens Road Gravesend Kent DA12 5JP England
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Paper Planet London Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
6,400 
Current assets
Inventories
39,000 
Debtors
8,944 
Cash at bank and in hand
5,555 
53,499 
Creditors: amounts falling due within one year
(484)
Net current assets
53,015 
Total assets less current liabilities
59,415 
Creditors: amounts falling due after more than one year
(78,633)
Net liabilities
(19,218)
Capital and reserves
Called up share capital
100 
Profit and loss account
(19,318)
Shareholders' funds
(19,218)
For the period ending 29 February 2024 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 25 March 2024 and were signed on its behalf by
Adil Shahzad Director Company Registration No. 14680495
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Paper Planet London Ltd Notes to the Accounts for the period from 21 February 2023 to 29 February 2024
1
Statutory information
Paper Planet London Ltd is a private company, limited by shares, registered in England and Wales, registration number 14680495. The registered office is 34 Queens Road, Gravesend, Kent, DA12 5JP, England.
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 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:
Plant & machinery
20% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 21 February 2023
- 
Additions
8,000 
At 29 February 2024
8,000 
Depreciation
Charge for the period
1,600 
At 29 February 2024
1,600 
Net book value
At 29 February 2024
6,400 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
8,944 
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Paper Planet London Ltd Notes to the Accounts for the period from 21 February 2023 to 29 February 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Accruals
484 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
78,633 
8
Average number of employees
During the period the average number of employees was 1.
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