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REGISTERED NUMBER: 11333435 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

The Single Use Paper Company Limited

The Single Use Paper Company Limited (Registered number: 11333435)






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


The Single Use Paper Company Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P N Thompson
J A Davison
S E Haslem





REGISTERED OFFICE: Kellaw Road
Yarm Road Industrial Estate
Darlington
DL1 4YA





REGISTERED NUMBER: 11333435 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

The Single Use Paper Company Limited (Registered number: 11333435)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,667
Tangible assets 5 131,682 28,493
131,682 32,160

CURRENT ASSETS
Stocks 6 196,451 344,449
Debtors 7 113,372 259,936
Cash at bank 755,837 314,961
1,065,660 919,346
CREDITORS
Amounts falling due within one year 8 543,295 229,768
NET CURRENT ASSETS 522,365 689,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,047

721,738

CREDITORS
Amounts falling due after more than one
year

9

(201,761

)

(505,661

)

PROVISIONS FOR LIABILITIES 10 (25,061 ) (4,556 )
NET ASSETS 427,225 211,521

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 427,125 211,421
SHAREHOLDERS' FUNDS 427,225 211,521

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 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 Single Use Paper Company Limited (Registered number: 11333435)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




J A Davison - Director



S E Haslem - Director


The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Single Use Paper Company 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.

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.

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.

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

Income is recognised when the goods have been delivered to the customer.

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 five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Tangible fixed assets are recognised at cost less accumulated depreciation.

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 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 balance sheet date.


The Single Use Paper Company Limited (Registered number: 11333435)

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.

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 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2023
and 31 January 2024 20,000
AMORTISATION
At 1 February 2023 16,333
Amortisation for year 3,667
At 31 January 2024 20,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 3,667

The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 16,112 21,167 14,375 1,893 53,547
Additions 104,519 2,000 9,925 2,782 119,226
At 31 January 2024 120,631 23,167 24,300 4,675 172,773
DEPRECIATION
At 1 February 2023 6,579 8,720 8,685 1,070 25,054
Charge for year 8,092 3,503 3,801 641 16,037
At 31 January 2024 14,671 12,223 12,486 1,711 41,091
NET BOOK VALUE
At 31 January 2024 105,960 10,944 11,814 2,964 131,682
At 31 January 2023 9,533 12,447 5,690 823 28,493

6. STOCKS
2024 2023
£    £   
Stocks 196,451 344,449

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,998 256,006
Other debtors - 100
Directors' current accounts 12,937 -
Prepayments 1,437 3,830
113,372 259,936

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 69,686 31,312
Taxation and social security 272,856 175,950
Other creditors 56,152 3,726
Accruals and deferred income 144,601 18,780
543,295 229,768

The Single Use Paper Company Limited (Registered number: 11333435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 201,761 264,848
Directors' loan accounts - 240,813
201,761 505,661

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,061 4,556

Deferred
tax
£   
Balance at 1 February 2023 4,556
Provided during year 20,505
Balance at 31 January 2024 25,061

11. CALLED UP SHARE CAPITAL

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
P N Thompson
Balance outstanding at start of year (240,813 ) (260,379 )
Amounts repaid 253,750 19,566
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,937 (240,813 )

Interest has been charged on the directors loan account.