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REGISTERED NUMBER: 01978596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PAPER & PRINT LIMITED

PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PAPER & PRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Director: M S Cain





Secretary: Mrs G J Cain





Registered office: 375 Stratford Road
Shirley
Solihull
West Midlands
B90 3BW





Registered number: 01978596 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,207 71,823
Investments 5 70,000 70,000
150,207 141,823

CURRENT ASSETS
Stocks 450 410
Debtors 6 57,838 51,986
Cash at bank and in hand 102,797 145,934
161,085 198,330
CREDITORS
Amounts falling due within one year 7 18,802 16,717
NET CURRENT ASSETS 142,283 181,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,490

323,436

PROVISIONS FOR LIABILITIES 9,301 8,815
NET ASSETS 283,189 314,621

CAPITAL AND RESERVES
Called up share capital 5,950 5,950
Capital redemption reserve 4,050 4,050
Retained earnings 273,189 304,621
283,189 314,621

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

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

PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 9 December 2024 and were signed by:





M S Cain - Director


PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Paper & Print 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.

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.
Short leasehold - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.


PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Fixtures
leasehold machinery & Fittings
£    £    £   
Cost
At 1 June 2023 50,105 286,464 26,011
Additions - 17,500 -
At 31 May 2024 50,105 303,964 26,011
Depreciation
At 1 June 2023 25,447 246,305 24,384
Charge for year 705 6,681 244
At 31 May 2024 26,152 252,986 24,628
Net book value
At 31 May 2024 23,953 50,978 1,383
At 31 May 2023 24,658 40,159 1,627

PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 June 2023 12,695 27,440 402,715
Additions - - 17,500
At 31 May 2024 12,695 27,440 420,215
Depreciation
At 1 June 2023 7,786 26,970 330,892
Charge for year 1,227 259 9,116
At 31 May 2024 9,013 27,229 340,008
Net book value
At 31 May 2024 3,682 211 80,207
At 31 May 2023 4,909 470 71,823

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 June 2023
and 31 May 2024 70,000
Net book value
At 31 May 2024 70,000
At 31 May 2023 70,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,894 3,974
Other debtors 51,944 48,012
57,838 51,986

PAPER & PRINT LIMITED (REGISTERED NUMBER: 01978596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,130 4,662
Taxation and social security 4,507 5,989
Other creditors 12,165 6,066
18,802 16,717