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REGISTERED NUMBER: 08361218 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Ille Paper Services UK Ltd

Ille Paper Services UK Ltd (Registered number: 08361218)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ille Paper Services UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: E Gottschalk



REGISTERED OFFICE: Unit 6
Drakehouse Court
Hamilton Road
Sutton-in-Ashfield
Nottinghamshire
NG17 5LD



REGISTERED NUMBER: 08361218 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Ille Paper Services UK Ltd (Registered number: 08361218)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1 1
Tangible assets 6 1,448 1,880
1,449 1,881

CURRENT ASSETS
Stocks 48,596 37,857
Debtors 7 40,960 48,577
Cash at bank and in hand 360,451 277,862
450,007 364,296
CREDITORS
Amounts falling due within one year 8 2,226,222 2,203,963
NET CURRENT LIABILITIES (1,776,215 ) (1,839,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,774,766

)

(1,837,786

)

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (1,774,866 ) (1,837,886 )
SHAREHOLDERS' FUNDS (1,774,766 ) (1,837,786 )

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 23 September 2024 and were signed by:





E Gottschalk - Director


Ille Paper Services UK Ltd (Registered number: 08361218)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Ille Paper Services UK Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These accounts have been prepared on the going concern basis. The company is dependant for its working capital on funds provided by or guaranteed by its parent company. This should enable to company to continue in operational existence for the foreseeable future, meeting its liabilities as they fall due for payment. As with any company placing reliance on other related entities for financial support, the director acknowledges that there can be no certainty that this support will continue although, at the date of approval of these financial statements, he has no reason to believe that it will not do so.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover and revenue recognition
Revenue is recognised upon delivery of goods and service.
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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are measured at cost at date of purchase.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Improvements to property - 14 years SL
Fixtures and fittings - 23 years SL
Motor Vehicles - 15% on cost.

Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
Low value assets are not capitalised.

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


Ille Paper Services UK Ltd (Registered number: 08361218)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 542
AMORTISATION
At 1 January 2023
and 31 December 2023 541
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Ille Paper Services UK Ltd (Registered number: 08361218)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 17,262
DEPRECIATION
At 1 January 2023 15,382
Charge for year 432
At 31 December 2023 15,814
NET BOOK VALUE
At 31 December 2023 1,448
At 31 December 2022 1,880

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,217 39,939
Amounts owed by group undertakings 43 21
Other debtors 8,700 8,617
40,960 48,577

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,127 4,610
Amounts owed to group undertakings 2,199,009 2,176,014
Taxation and social security 9,765 13,698
Other creditors 9,321 9,641
2,226,222 2,203,963

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 8,700 8,700

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

Ille Paper Services UK Ltd (Registered number: 08361218)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

12. PARENT COMPANY

The controlling party is Ille Papier-Service GmbH.

The company's results are included in the consolidated accounts of Ille Papier-Service GmbH, whose registered office is:

Industriestrasse 28
63674 Altenstadt
Germany.