Company registration number 4470408 (England and Wales)
PAPER STREET CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
PAPER STREET CONSULTANTS LTD
COMPANY INFORMATION
Director
Gary Cameron
Company number
4470408
Registered office
Box No. 215
20 St Loyes Street
Bedford
Bedfordshire
United Kingdom
MK40 1ZL
Accountants
Garner Associates LLP
Northwood House
138 Bromham Road
Bedford
Bedfordshire
MK40 2QW
PAPER STREET CONSULTANTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PAPER STREET CONSULTANTS LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,182
9,554
Current assets
Debtors
4
3,823
3,565
Cash at bank and in hand
3,943
4,464
7,766
8,029
Creditors: amounts falling due within one year
5
(26,562)
(24,240)
Net current liabilities
(18,796)
(16,211)
Net liabilities
(9,614)
(6,657)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(9,615)
(6,658)
Total equity
(9,614)
(6,657)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 March 2025
Gary Cameron
Director
Company registration number 4470408 (England and Wales)
PAPER STREET CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Paper Street Consultants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Box No. 215, 20 St Loyes Street, Bedford, Bedfordshire, United Kingdom, MK40 1ZL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
10% on cost
Computers
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
PAPER STREET CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2023
10,608
11,477
22,085
Additions
1,520
1,520
At 30 June 2024
12,128
11,477
23,605
Depreciation and impairment
At 1 July 2023
4,333
8,198
12,531
Depreciation charged in the year
1,111
781
1,892
At 30 June 2024
5,444
8,979
14,423
Carrying amount
At 30 June 2024
6,684
2,498
9,182
At 30 June 2023
6,275
3,279
9,554
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,600
1,523
Other debtors
1,832
Prepayments and accrued income
223
210
3,823
3,565
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
1,243
1,117
Other creditors
24,594
22,398
Accruals and deferred income
725
725
26,562
24,240