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REGISTERED NUMBER: 14692476 (England and Wales)

















HOUGHTON PAPER CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

27 FEBRUARY 2023 TO 28 FEBRUARY 2024






HOUGHTON PAPER CONSULTANTS LIMITED (REGISTERED NUMBER: 14692476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 FEBRUARY 2023 TO 28 FEBRUARY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


HOUGHTON PAPER CONSULTANTS LIMITED (REGISTERED NUMBER: 14692476)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2024

Notes £   
CURRENT ASSETS
Debtors 4 26,055
Cash at bank 40,322
66,377
CREDITORS
Amounts falling due within one year 5 30,297
NET CURRENT ASSETS 36,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,080

CAPITAL AND RESERVES
Called up share capital 6 2
Retained earnings 7 36,078
SHAREHOLDERS' FUNDS 36,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





Mr R Houghton - Director


HOUGHTON PAPER CONSULTANTS LIMITED (REGISTERED NUMBER: 14692476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 FEBRUARY 2023 TO 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Houghton Paper Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14692476

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors are of the opinion that it is appropriate to prepare the accounts on the going concern basis, because they have
confirmed their continued support for the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from management consultancy activities and is recognised when the services are delivered to the customer. Turnover is recorded at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


HOUGHTON PAPER CONSULTANTS LIMITED (REGISTERED NUMBER: 14692476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 FEBRUARY 2023 TO 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 14,578
Other debtors 11,477
26,055

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 28,930
Other creditors 1,367
30,297

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary A 1 1
1 Ordinary B 1 1
2

HOUGHTON PAPER CONSULTANTS LIMITED (REGISTERED NUMBER: 14692476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 FEBRUARY 2023 TO 28 FEBRUARY 2024

7. RESERVES
Retained
earnings
£   

Profit for the period 95,578
Dividends (59,500 )
At 28 February 2024 36,078

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 February 2024:

£   
Mrs J Houghton and Mr R Houghton
Balance outstanding at start of period -
Amounts advanced 70,794
Amounts repaid (59,500 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 11,294

During the year interest of £82 was paid in respect of the overdrawn director's loan account.