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REGISTERED NUMBER: 08258178 (England and Wales)

















Unaudited Financial Statements

for the Period 1 November 2022 to 30 April 2024

for

Papertrick Ltd

Papertrick Ltd (Registered number: 08258178)






Contents of the Financial Statements
for the Period 1 November 2022 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Papertrick Ltd

Company Information
for the Period 1 November 2022 to 30 April 2024







DIRECTOR: J T Richards





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 08258178 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Papertrick Ltd (Registered number: 08258178)

Balance Sheet
30 April 2024

30.4.24 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,927

CURRENT ASSETS
Debtors 5 6,673 1,500
Cash at bank 20 4,760
6,693 6,260
CREDITORS
Amounts falling due within one year 6 15,577 3,494
NET CURRENT (LIABILITIES)/ASSETS (8,884 ) 2,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,884

)

13,693

CREDITORS
Amounts falling due after more than one
year

7

-

(13,980

)

PROVISIONS FOR LIABILITIES - (1,256 )
NET LIABILITIES (8,884 ) (1,543 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (8,984 ) (1,643 )
SHAREHOLDERS' FUNDS (8,884 ) (1,543 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

Papertrick Ltd (Registered number: 08258178)

Balance Sheet - continued
30 April 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 11 October 2024 and were signed by:





J T Richards - Director


Papertrick Ltd (Registered number: 08258178)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 April 2024

1. STATUTORY INFORMATION

Papertrick 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.

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.

At the date of cessation the Company's total liabilities exceeded total assets by £8,884 (2022: £1,543). However, this is covered by the Directors Loan Account balance of £12,768 which will not be repaid.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tooling machine - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Computer equipment - 50% on reducing balance

Taxation
Taxation for the period 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.

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 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 NIL (2022 - NIL).

Papertrick Ltd (Registered number: 08258178)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

4. TANGIBLE FIXED ASSETS
Tooling Plant and Computer
machine machinery equipment Totals
£    £    £    £   
COST
At 1 November 2022 11,650 7,759 5,184 24,593
Disposals (11,650 ) (7,759 ) (5,184 ) (24,593 )
At 30 April 2024 - - - -
DEPRECIATION
At 1 November 2022 4,325 4,986 4,355 13,666
Charge for period 1,062 776 518 2,356
Eliminated on disposal (5,387 ) (5,762 ) (4,873 ) (16,022 )
At 30 April 2024 - - - -
NET BOOK VALUE
At 30 April 2024 - - - -
At 31 October 2022 7,325 2,773 829 10,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.10.22
£    £   
Trade debtors 6,328 -
Other debtors 345 1,444
Prepayments - 56
6,673 1,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.10.22
£    £   
Trade creditors 70 39
Social security and other taxes 1,039 373
Other creditors 500 500
Directors' current accounts 12,768 1,757
Accrued expenses 1,200 825
15,577 3,494

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 31.10.22
£    £   
Other loans - 1-2 years - 13,980

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 31.10.22
value: £    £   
100 Ordinary £1 100 100