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REGISTERED NUMBER: 02789071 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

UK Paper Sales Ltd

UK Paper Sales Ltd (Registered number: 02789071)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK Paper Sales Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr R Souden
Miss E Souden
Miss A Souden





SECRETARY: Mr R Souden





REGISTERED OFFICE: C/O UHY Hacker Young
Saint James Building
79 Oxford Street
Manchester
M1 6HT





REGISTERED NUMBER: 02789071 (England and Wales)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

UK Paper Sales Ltd (Registered number: 02789071)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,765 55,150
Investment property 5 463,010 463,010
507,775 518,160

CURRENT ASSETS
Debtors 6 103,980 33,431
Cash at bank 118,034 181,651
222,014 215,082
CREDITORS
Amounts falling due within one year 7 39,372 13,889
NET CURRENT ASSETS 182,642 201,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,417

719,353

CREDITORS
Amounts falling due after more than one
year

8

(3,846

)

(13,845

)

PROVISIONS FOR LIABILITIES (7,560 ) (9,325 )
NET ASSETS 679,011 696,183

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 679,008 696,180
679,011 696,183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

UK Paper Sales Ltd (Registered number: 02789071)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:





Mr R Souden - Director


UK Paper Sales Ltd (Registered number: 02789071)

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

1. STATUTORY INFORMATION

UK Paper Sales 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. 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
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.
Improvements to property - not provided
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loan (being repayable on demand), trade debtors, and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.

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.

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.

UK Paper Sales Ltd (Registered number: 02789071)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 107,612
Additions 1,001
At 31 December 2024 108,613
DEPRECIATION
At 1 January 2024 52,462
Charge for year 11,386
At 31 December 2024 63,848
NET BOOK VALUE
At 31 December 2024 44,765
At 31 December 2023 55,150

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 463,010
NET BOOK VALUE
At 31 December 2024 463,010
At 31 December 2023 463,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,650 18,844
Other debtors 26,330 14,587
103,980 33,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,230 9,230
Trade creditors 13,240 7,894
Taxation and social security 8,200 (11,188 )
Other creditors 8,702 7,953
39,372 13,889

UK Paper Sales Ltd (Registered number: 02789071)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 3,846 13,845