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Company Registration No. 12350778 (England and Wales)
Smooth Papers Ltd Unaudited accounts for the year ended 31 December 2023
Smooth Papers Ltd Unaudited accounts Contents
Page
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Smooth Papers Ltd Company Information for the year ended 31 December 2023
Director
Pulkit Valand
Company Number
12350778 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
Accountants
Smooth Feathers Accountants 268 Bath Road Slough SL1 4DX
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Smooth Papers Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,538 
13,462 
Current assets
Inventories
49,980 
47,075 
Debtors
7,962 
9,916 
Cash at bank and in hand
2,185 
1,739 
60,127 
58,730 
Creditors: amounts falling due within one year
(99,067)
(114,898)
Net current liabilities
(38,940)
(56,168)
Total assets less current liabilities
(28,402)
(42,706)
Creditors: amounts falling due after more than one year
(29,968)
(12,580)
Net liabilities
(58,370)
(55,286)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(58,470)
(55,386)
Shareholders' funds
(58,370)
(55,286)
For the year ending 31 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 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 9 September 2024 and were signed on its behalf by
Pulkit Valand Director Company Registration No. 12350778
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Smooth Papers Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Smooth Papers Ltd is a private company, limited by shares, registered in England and Wales, registration number 12350778. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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:
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,342 
12,995 
- 
15,337 
Additions
- 
- 
469 
469 
Disposals
(469)
- 
- 
(469)
At 31 December 2023
1,873 
12,995 
469 
15,337 
Depreciation
At 1 January 2023
705 
1,170 
- 
1,875 
Charge for the year
341 
2,338 
245 
2,924 
At 31 December 2023
1,046 
3,508 
245 
4,799 
Net book value
At 31 December 2023
827 
9,487 
224 
10,538 
At 31 December 2022
1,637 
11,825 
- 
13,462 
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Smooth Papers Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35 
- 
Other debtors
7,927 
9,916 
7,962 
9,916 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
43,504 
VAT
5,709 
7,038 
Trade creditors
42,203 
43,884 
Other creditors
19,500 
20,472 
Loans from directors
31,655 
- 
99,067 
114,898 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,468 
4,783 
Loans from directors
7,500 
7,797 
29,968 
12,580 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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