Company Registration No. 07144050 (England and Wales)
Origin Paper Limited
Unaudited accounts
for the year ended 29 February 2024
Origin Paper Limited
Unaudited accounts
Contents
Origin Paper Limited
Company Information
for the year ended 29 February 2024
Company Number
07144050 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 5BN
England
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Origin Paper Limited
Statement of financial position
as at 29 February 2024
Tangible assets
29,040
13,181
Cash at bank and in hand
7,793
3,351
Creditors: amounts falling due within one year
(23,671)
(22,877)
Net current liabilities
(13,194)
(17,084)
Total assets less current liabilities
15,846
(3,903)
Creditors: amounts falling due after more than one year
(29,250)
(7,250)
Provisions for liabilities
Deferred tax
(5,517)
(2,504)
Net liabilities
(18,921)
(13,657)
Called up share capital
1,000
1,000
Profit and loss account
(19,921)
(14,657)
Shareholders' funds
(18,921)
(13,657)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
M Mulligan
Director
Company Registration No. 07144050
Origin Paper Limited
Notes to the Accounts
for the year ended 29 February 2024
Origin Paper Limited is a private company, limited by shares, registered in England and Wales, registration number 07144050. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 5BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum reducing balance
Motor vehicles
10% per annum reducing balance
Fixtures & fittings
15% per annum reducing balance
Computer equipment
15% per annum reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
14,919
-
9,208
24,127
Additions
-
18,161
925
19,086
At 29 February 2024
14,919
18,161
10,133
43,213
At 1 March 2023
5,031
-
5,915
10,946
Charge for the year
989
1,816
422
3,227
At 29 February 2024
6,020
1,816
6,337
14,173
At 29 February 2024
8,899
16,345
3,796
29,040
At 28 February 2023
9,888
-
3,293
13,181
Origin Paper Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,953
3,000
Trade creditors
11,894
11,494
Loans from directors
3,916
6,866
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).