1 March 2023 false No description of principal activity Taxfiler 2024.5 05358546business:PrivateLimitedCompanyLtd2023-03-012023-12-21 053585462023-02-28 053585462023-03-012023-12-21 05358546business:AuditExempt-NoAccountantsReport2023-03-012023-12-21 05358546business:FilletedAccounts2023-03-012023-12-21 053585462023-12-21 05358546business:Director12023-03-012023-12-21 05358546business:Director22023-03-012023-12-21 05358546business:Director32023-03-012023-12-21 05358546business:Director42023-03-012023-12-21 05358546business:RegisteredOffice2023-03-012023-12-21 053585462023-02-28 05358546core:WithinOneYear2023-12-21 05358546core:WithinOneYear2023-02-28 05358546core:ShareCapitalcore:PreviouslyStatedAmount2023-12-21 05358546core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 05358546core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-21 05358546core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 05358546core:PreviouslyStatedAmount2023-12-21 05358546core:PreviouslyStatedAmount2023-02-28 05358546business:SmallEntities2023-03-012023-12-21 05358546countries:EnglandWales2023-03-012023-12-21 05358546core:PlantMachinery2023-03-012023-12-21 05358546core:ComputerEquipment2023-03-012023-12-21 05358546core:IntangibleAssetsOtherThanGoodwill2023-02-28 05358546core:IntangibleAssetsOtherThanGoodwill2023-12-21 05358546core:PlantMachinery2023-02-28 05358546core:ComputerEquipment2023-02-28 05358546core:PlantMachinery2023-12-21 05358546core:ComputerEquipment2023-12-21 05358546core:AfterOneYear2023-12-21 05358546core:AfterOneYear2023-02-28 05358546core:AcceleratedTaxDepreciationDeferredTax2023-12-21 05358546core:AcceleratedTaxDepreciationDeferredTax2023-02-28 05358546core:OtherDeferredTax2023-12-21 05358546core:OtherDeferredTax2023-02-28 053585462022-02-28 053585462022-03-012023-02-28 05358546business:OrdinaryShareClass12023-03-012023-12-21 05358546business:OrdinaryShareClass12022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05358546 (England and Wales)
Paperround Hnd Service Limited Unaudited accounts for the period from 1 March 2023 to 21 December 2023
Paperround Hnd Service Limited Unaudited accounts Contents
Page
- 2 -
Paperround Hnd Service Limited Company Information for the period from 1 March 2023 to 21 December 2023
Directors
Jonathan Kennett John Harris Neil Jagger Simon Wakeham
Company Number
05358546 (England and Wales)
Registered Office
141C High Street Street Somerset BA16 0EX United Kingdom
- 3 -
Paperround Hnd Service Limited Statement of financial position as at 21 December 2023
21/12/2023 
28/02/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,540 
5,267 
Current assets
Debtors
164,375 
148,640 
Cash at bank and in hand
157,929 
76,060 
322,304 
224,700 
Creditors: amounts falling due within one year
(167,384)
(128,964)
Net current assets
154,920 
95,736 
Total assets less current liabilities
159,460 
101,003 
Provisions for liabilities
Deferred tax
(1,135)
(609)
Net assets
158,325 
100,394 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
158,225 
100,294 
Shareholders' funds
158,325 
100,394 
For the period ending 21 December 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 8 August 2024 and were signed on its behalf by
Simon Wakeham Director Company Registration No. 05358546
- 4 -
Paperround Hnd Service Limited Notes to the Accounts for the period from 1 March 2023 to 21 December 2023
1
Statutory information
Paperround Hnd Service Limited is a private company, limited by shares, registered in England and Wales, registration number 05358546. The registered office is 141C High Street, Street, Somerset, BA16 0EX, 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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
Paperround Hnd Service Limited Notes to the Accounts for the period from 1 March 2023 to 21 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
21,363 
At 21 December 2023
21,363 
Amortisation
At 1 March 2023
21,363 
At 21 December 2023
21,363 
Net book value
At 21 December 2023
- 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
434 
10,884 
11,318 
Additions
- 
728 
728 
At 21 December 2023
434 
11,612 
12,046 
Depreciation
At 1 March 2023
341 
5,710 
6,051 
Charge for the period
23 
1,432 
1,455 
At 21 December 2023
364 
7,142 
7,506 
Net book value
At 21 December 2023
70 
4,470 
4,540 
At 28 February 2023
93 
5,174 
5,267 
6
Debtors
21/12/2023 
28/02/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,417 
60,896 
Accrued income and prepayments
2,161 
1,693 
Other debtors
153 
86,051 
25,731 
148,640 
Amounts falling due after more than one year
Other debtors
138,644 
- 
- 6 -
Paperround Hnd Service Limited Notes to the Accounts for the period from 1 March 2023 to 21 December 2023
7
Creditors: amounts falling due within one year
21/12/2023 
28/02/2023 
£ 
£ 
VAT
16,127 
44,254 
Trade creditors
5,349 
13,436 
Taxes and social security
30,254 
9,955 
Other creditors
- 
44,228 
Accruals
115,654 
17,091 
167,384 
128,964 
8
Deferred taxation
21/12/2023 
28/02/2023 
£ 
£ 
Accelerated capital allowances
1,135 
1,318 
Other deferred taxation
- 
(709)
1,135 
609 
21/12/2023 
28/02/2023 
£ 
£ 
Provision at start of period
609 
- 
Charged to the profit and loss account
526 
609 
Provision at end of period
1,135 
609 
9
Share capital
21/12/2023 
28/02/2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
During the year, the Company incurred consultancy fees of £36,920 (Feb 2023 - £40,280) from Kinton Technology Limited, a company under the common control of a director, Michael Kinton.
11
Average number of employees
During the period the average number of employees was 11 (28/02/2023: 11).
- 7 -