Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10274414 Mrs A A Percetti iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10274414 2023-07-31 10274414 2024-07-31 10274414 2023-08-01 2024-07-31 10274414 frs-core:CurrentFinancialInstruments 2024-07-31 10274414 frs-core:ComputerEquipment 2024-07-31 10274414 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10274414 frs-core:ComputerEquipment 2023-07-31 10274414 frs-core:ShareCapital 2024-07-31 10274414 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10274414 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10274414 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10274414 frs-bus:SmallEntities 2023-08-01 2024-07-31 10274414 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10274414 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10274414 frs-bus:Director1 2023-08-01 2024-07-31 10274414 frs-bus:Director1 2023-07-31 10274414 frs-bus:Director1 2024-07-31 10274414 frs-core:CurrentFinancialInstruments 1 2024-07-31 10274414 frs-countries:EnglandWales 2023-08-01 2024-07-31 10274414 2022-07-31 10274414 2023-07-31 10274414 2022-08-01 2023-07-31 10274414 frs-core:CurrentFinancialInstruments 2023-07-31 10274414 frs-core:ShareCapital 2023-07-31 10274414 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10274414 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 10274414
Paper Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 10274414
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 129,666 150,084
Cash at bank and in hand 44,829 34,735
174,495 184,819
Creditors: Amounts Falling Due Within One Year 6 (4,322 ) (12,514 )
NET CURRENT ASSETS (LIABILITIES) 170,173 172,305
TOTAL ASSETS LESS CURRENT LIABILITIES 170,173 172,305
NET ASSETS 170,173 172,305
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 170,172 172,304
SHAREHOLDERS' FUNDS 170,173 172,305
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs A A Percetti
Director
10/03/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Paper Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10274414 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will  continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.
2.7. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 919
As at 31 July 2024 919
Depreciation
As at 1 August 2023 919
As at 31 July 2024 919
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,432 39,494
Prepayments and accrued income 218 630
Other debtors 113,796 109,697
VAT Receviable 252 263
Director's loan account 968 -
129,666 150,084
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 610 430
Shareholder loan account 604 6,537
Accruals and deferred income 3,108 3,108
Director's loan account - 2,439
4,322 12,514
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1 and as at the year end there is 1 ordinary share in issue.
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mrs Alda Percetti (2,439 ) 6,657 (3,250 ) - 969
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
As at the year-end, the directors' loan account balance of Mrs A Percetti (the sole director of the company) is £969. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
As at the year-end, the company owed the sharehlder £604. This amount is a current liability, interest free and receivable on demand. This outstanding amount will be repaid to the company within nine months of the year-end.
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