IRIS Accounts Production v24.2.0.383 01884437 director 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018844372023-01-31018844372024-01-31018844372023-02-012024-01-31018844372022-01-31018844372022-02-012023-01-31018844372023-01-3101884437ns14:PoundSterling2023-02-012024-01-3101884437ns10:Director12023-02-012024-01-3101884437ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3101884437ns10:SmallEntities2023-02-012024-01-3101884437ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3101884437ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3101884437ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101884437ns10:FullAccounts2023-02-012024-01-310188443712023-02-012024-01-3101884437ns10:CompanySecretary12023-02-012024-01-3101884437ns10:RegisteredOffice2023-02-012024-01-3101884437ns5:CurrentFinancialInstruments2024-01-3101884437ns5:CurrentFinancialInstruments2023-01-3101884437ns5:Non-currentFinancialInstruments2024-01-3101884437ns5:Non-currentFinancialInstruments2023-01-3101884437ns5:ShareCapital2024-01-3101884437ns5:ShareCapital2023-01-3101884437ns5:RevaluationReserve2024-01-3101884437ns5:RevaluationReserve2023-01-3101884437ns5:RetainedEarningsAccumulatedLosses2024-01-3101884437ns5:RetainedEarningsAccumulatedLosses2023-01-3101884437ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3101884437ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-012024-01-3101884437ns5:LandBuildings2023-02-012024-01-3101884437ns5:PlantMachinery2023-02-012024-01-3101884437ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-3101884437ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-3101884437ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-3101884437ns5:LandBuildings2023-01-3101884437ns5:LeaseholdImprovements2023-01-3101884437ns5:PlantMachinery2023-01-3101884437ns5:LeaseholdImprovements2023-02-012024-01-3101884437ns5:LandBuildings2024-01-3101884437ns5:LeaseholdImprovements2024-01-3101884437ns5:PlantMachinery2024-01-3101884437ns5:LandBuildings2023-01-3101884437ns5:LeaseholdImprovements2023-01-3101884437ns5:PlantMachinery2023-01-3101884437ns5:FurnitureFittings2023-01-3101884437ns5:MotorVehicles2023-01-3101884437ns5:ComputerEquipment2023-01-3101884437ns5:FurnitureFittings2023-02-012024-01-3101884437ns5:MotorVehicles2023-02-012024-01-3101884437ns5:ComputerEquipment2023-02-012024-01-3101884437ns5:FurnitureFittings2024-01-3101884437ns5:MotorVehicles2024-01-3101884437ns5:ComputerEquipment2024-01-3101884437ns5:FurnitureFittings2023-01-3101884437ns5:MotorVehicles2023-01-3101884437ns5:ComputerEquipment2023-01-3101884437ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3101884437ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3101884437ns5:Secured2024-01-3101884437ns5:Secured2023-01-3101884437ns5:RetainedEarningsAccumulatedLosses2023-01-3101884437ns5:RevaluationReserve2023-01-3101884437ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 01884437















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PAPERSCRIPT LIMITED
T/A
DATEX UK & BERKELEY MACHINERY

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 10

PAPERSCRIPT LIMITED
T/A DATEX UK & BERKELEY MACHINERY

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Mr M G Berkeley-Hill





SECRETARY: Mr M G Berkeley-Hill





REGISTERED OFFICE: 11 Southborough Road
Bickley
Kent
BR1 2EA





REGISTERED NUMBER: 01884437





ACCOUNTANTS: Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 146,958 146,958
Tangible assets 5 242,856 272,557
389,814 419,515

CURRENT ASSETS
Stocks 6 174,000 138,000
Debtors 7 124,028 125,228
Cash at bank and in hand 3,024 15,832
301,052 279,060
CREDITORS
Amounts falling due within one year 8 360,751 202,234
NET CURRENT (LIABILITIES)/ASSETS (59,699 ) 76,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,115

496,341

CREDITORS
Amounts falling due after more than one year 9 484,342 474,780
NET (LIABILITIES)/ASSETS (154,227 ) 21,561

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 171,068 191,068
Retained earnings 11 (325,395 ) (169,607 )
SHAREHOLDERS' FUNDS (154,227 ) 21,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

BALANCE SHEET - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2024 and were signed by:





Mr M G Berkeley-Hill - Director


PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Paperscript Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 20 years and Straight line over 40 years
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 1 February 2023
and 31 January 2024 146,958
NET BOOK VALUE
At 31 January 2024 146,958
At 31 January 2023 146,958

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 February 2023 350,000 34,324 14,733
Revaluations (20,000 ) - -
At 31 January 2024 330,000 34,324 14,733
DEPRECIATION
At 1 February 2023 81,251 33,418 12,145
Charge for year 8,750 226 647
At 31 January 2024 90,001 33,644 12,792
NET BOOK VALUE
At 31 January 2024 239,999 680 1,941
At 31 January 2023 268,749 906 2,588

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 26,031 11,638 2,496 439,222
Revaluations - - - (20,000 )
At 31 January 2024 26,031 11,638 2,496 419,222
DEPRECIATION
At 1 February 2023 26,001 11,628 2,222 166,665
Charge for year 7 2 69 9,701
At 31 January 2024 26,008 11,630 2,291 176,366
NET BOOK VALUE
At 31 January 2024 23 8 205 242,856
At 31 January 2023 30 10 274 272,557

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2016 285,000 34,324 7,233
Valuation in 2020 15,000 - 7,500
Valuation in 2021 50,000 - -
Valuation in 2024 (20,000 ) - -
330,000 34,324 14,733

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2016 26,031 11,638 1,956 366,182
Valuation in 2020 - - - 22,500
Valuation in 2021 - - 540 50,540
Valuation in 2024 - - - (20,000 )
26,031 11,638 2,496 419,222

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 198,665 198,665
Aggregate depreciation 44,699 44,699

Freehold property was valued on an open market basis on 31 January 2024 by Mr M Berkeley Hill .

6. STOCKS
2024 2023
£    £   
Stocks 174,000 138,000

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,893 116,177
Other debtors 12,135 9,051
124,028 125,228

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,416 67,892
Trade creditors 51,522 19,620
Taxation and social security 38,698 (4,474 )
Other creditors 226,115 119,196
360,751 202,234

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 53,354 75,082
Other creditors 430,988 399,698
484,342 474,780

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal (9,040 ) 3,814

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 21,768 45,244
Bank loans 76,002 97,730
97,770 142,974

The bank overdraft and bank loans are secured by the personal guarantee of the majority shareholder.

PAPERSCRIPT LIMITED (REGISTERED NUMBER: 01884437)
T/A DATEX UK & BERKELEY MACHINERY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 (169,607 ) 191,068 21,461
Deficit for the year (155,788 ) (155,788 )
Freehold property - (20,000 ) (20,000 )
At 31 January 2024 (325,395 ) 171,068 (154,327 )

12. RELATED PARTY DISCLOSURES

At the year end the company owed Mr M G Berkeley-Hill £430987.64 (2023 £399697.64). This balance is shown in creditors falling due in more than one year. He was paid consultancy fees of £33800 (2023 £21900) during the year

There is a Fixed and Floating Charge on the property to the benefit of Mr M G Berkeley-Hill.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M G Berkeley-Hill.





CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PAPERSCRIPT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paperscript Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Paperscript Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paperscript Limited and state those matters that we have agreed to state to the director of Paperscript Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Paperscript Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Paperscript Limited. You consider that Paperscript Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paperscript Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS


21 May 2024