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
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
Paperround Hnd Service Limited
Statement of financial position
as at 21 December 2023
Tangible assets
4,540
5,267
Cash at bank and in hand
157,929
76,060
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
Net assets
158,325
100,394
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
Paperround Hnd Service Limited
Notes to the Accounts
for the period from 1 March 2023 to 21 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Paperround Hnd Service Limited
Notes to the Accounts
for the period from 1 March 2023 to 21 December 2023
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.
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.
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Intangible fixed assets
Other
At 21 December 2023
21,363
At 21 December 2023
21,363
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
434
10,884
11,318
At 21 December 2023
434
11,612
12,046
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
At 21 December 2023
70
4,470
4,540
At 28 February 2023
93
5,174
5,267
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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
Amounts falling due after more than one year
Paperround Hnd Service Limited
Notes to the Accounts
for the period from 1 March 2023 to 21 December 2023
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Creditors: amounts falling due within one year
21/12/2023
28/02/2023
Trade creditors
5,349
13,436
Taxes and social security
30,254
9,955
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Deferred taxation
21/12/2023
28/02/2023
Accelerated capital allowances
1,135
1,318
Other deferred taxation
-
(709)
Provision at start of period
609
-
Charged to the profit and loss account
526
609
Provision at end of period
1,135
609
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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.
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Average number of employees
During the period the average number of employees was 11 (28/02/2023: 11).