Paper Online Ltd 11418652 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is computer facilities management Digita Accounts Production Advanced 6.30.9574.0 true true 11418652 2022-12-01 2023-11-30 11418652 2023-11-30 11418652 bus:Director1 1 2023-11-30 11418652 bus:OrdinaryShareClass1 bus:OtherShareType 2023-11-30 11418652 core:CurrentFinancialInstruments 2023-11-30 11418652 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11418652 core:FurnitureFittingsToolsEquipment 2023-11-30 11418652 bus:SmallEntities 2022-12-01 2023-11-30 11418652 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11418652 bus:FilletedAccounts 2022-12-01 2023-11-30 11418652 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11418652 bus:RegisteredOffice 2022-12-01 2023-11-30 11418652 bus:Director1 2022-12-01 2023-11-30 11418652 bus:Director1 1 2022-12-01 2023-11-30 11418652 bus:Director2 2022-12-01 2023-11-30 11418652 bus:Director3 2022-12-01 2023-11-30 11418652 bus:OrdinaryShareClass1 bus:OtherShareType 2022-12-01 2023-11-30 11418652 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11418652 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 11418652 core:OfficeEquipment 2022-12-01 2023-11-30 11418652 countries:AllCountries 2022-12-01 2023-11-30 11418652 2022-11-30 11418652 bus:Director1 1 2022-11-30 11418652 core:FurnitureFittingsToolsEquipment 2022-11-30 11418652 2021-12-01 2022-11-30 11418652 2022-11-30 11418652 bus:OrdinaryShareClass1 bus:OtherShareType 2022-11-30 11418652 core:CurrentFinancialInstruments 2022-11-30 11418652 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 11418652 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11418652

Paper Online Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Paper Online Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Paper Online Ltd

Company Information

Directors

Mr E C H Clark

Mr G Vigano

Mr J T Stepniewski

Registered office

79 Princes Way
London
SW19 6HY

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Paper Online Ltd

(Registration number: 11418652)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

643

858

Current assets

 

Debtors

4

155,551

128,241

Cash at bank and in hand

 

14,527

104,520

 

170,078

232,761

Creditors: Amounts falling due within one year

5

(185,614)

(177,638)

Net current (liabilities)/assets

 

(15,536)

55,123

Net (liabilities)/assets

 

(14,893)

55,981

Capital and reserves

 

Called up share capital

6

139

133

Share premium reserve

736,605

614,932

Retained earnings

(751,637)

(559,084)

Shareholders' (deficit)/funds

 

(14,893)

55,981

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mr E C H Clark
Director

 

Paper Online Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis through the continued support of its director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Paper Online Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,993

1,993

At 30 November 2023

1,993

1,993

Depreciation

At 1 December 2022

1,135

1,135

Charge for the year

215

215

At 30 November 2023

1,350

1,350

Carrying amount

At 30 November 2023

643

643

At 30 November 2022

858

858

 

Paper Online Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

30,381

829

Prepayments

670

165

Other debtors

124,500

127,247

 

155,551

128,241

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

21,489

17,057

Taxation and social security

8,574

7,949

Accruals and deferred income

800

800

Other creditors

154,751

151,832

185,614

177,638

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £0.001 each

133,082

133.08

133,082

133.08

         

7

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

At 30 November 2023
£

Mr E C H Clark

No interest is charged on the loan and there is no fixed date of repayment.

138,276

138,276