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REGISTERED NUMBER: 13622969 (England and Wales)


Papercar Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Papercar Consultancy Limited (Registered number: 13622969)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Papercar Consultancy Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mrs K Ozyuksel





REGISTERED OFFICE: 128 Magpie Hall Road
Chatham
ME4 5XJ





REGISTERED NUMBER: 13622969 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Papercar Consultancy 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 Statement of Financial Position. Readers are cautioned that the Income Statement 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 Papercar Consultancy Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Papercar Consultancy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Papercar Consultancy Limited and state those matters that we have agreed to state to the director of Papercar Consultancy Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Papercar Consultancy Limited and its director for our work or for this report.

It is your duty to ensure that Papercar Consultancy 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 profit of Papercar Consultancy Limited. You consider that Papercar Consultancy 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 Papercar Consultancy 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


23 September 2024

Papercar Consultancy Limited (Registered number: 13622969)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,808 292

CURRENT ASSETS
Debtors 5 16,869 7,056
Cash at bank and in hand 9,774 8,847
26,643 15,903
CREDITORS
Amounts falling due within one year 6 4,810 5,474
NET CURRENT ASSETS 21,833 10,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,641

10,721

PROVISIONS FOR LIABILITIES 7 321 28
NET ASSETS 23,320 10,693

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 23,220 10,593
SHAREHOLDERS' FUNDS 23,320 10,693

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

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

The director acknowledges her 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.

Papercar Consultancy Limited (Registered number: 13622969)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





Mrs K Ozyuksel - Director


Papercar Consultancy Limited (Registered number: 13622969)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Papercar Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Papercar Consultancy Limited (Registered number: 13622969)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 36 329 365
Additions - 1,785 1,785
At 31 March 2024 36 2,114 2,150
DEPRECIATION
At 1 April 2023 7 66 73
Charge for year 6 263 269
At 31 March 2024 13 329 342
NET BOOK VALUE
At 31 March 2024 23 1,785 1,808
At 31 March 2023 29 263 292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,869 7,003
Prepayments - 53
16,869 7,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 173 30
Tax 2,671 3,408
Social security and other taxes - 190
Directors' current accounts 970 970
Accrued expenses 996 876
4,810 5,474

Papercar Consultancy Limited (Registered number: 13622969)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 321 28

Deferred
tax
£   
Balance at 1 April 2023 28
Charge to Statement of Income and Retained Earnings during year 293
Balance at 31 March 2024 321

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 10,593
Profit for the year 12,627
At 31 March 2024 23,220

10. RELATED PARTY DISCLOSURES

Included within creditors are amounts due to key management personnel of £970 at balance sheet date. No interest was charged on this balance and no set repayment terms are in place.