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REGISTERED NUMBER: 01070234 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Penistone Paper and Board Limited

Penistone Paper and Board Limited (Registered number: 01070234)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Penistone Paper and Board Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P N Fearn
Mr C P Anderson





SECRETARY: Mr P N Fearn





REGISTERED OFFICE: Sheffield Road
Springvale
Penistone
Sheffield
South Yorkshire
S36 6HH





REGISTERED NUMBER: 01070234 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Penistone Paper and Board Limited (Registered number: 01070234)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 39,439 45,859

CURRENT ASSETS
Stocks 882,154 968,500
Debtors 6 1,100,326 1,388,492
Cash at bank and in hand 51,104 5,292
2,033,584 2,362,284
CREDITORS
Amounts falling due within one year 7 984,219 1,288,968
NET CURRENT ASSETS 1,049,365 1,073,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,804

1,119,175

CREDITORS
Amounts falling due after more than one
year

8

(4,779

)

(15,881

)

PROVISIONS FOR LIABILITIES (7,494 ) (9,483 )
NET ASSETS 1,076,531 1,093,811

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Retained earnings 1,071,531 1,088,811
SHAREHOLDERS' FUNDS 1,076,531 1,093,811

Penistone Paper and Board Limited (Registered number: 01070234)

Balance Sheet - continued
31 December 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mr C P Anderson - Director


Penistone Paper and Board Limited (Registered number: 01070234)

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

1. STATUTORY INFORMATION

Penistone Paper and Board 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention. During the year the Covid-19 pandemic continued to adversely impact the global and UK economy. However in the directors' opinion there is no significant uncertainty as to the going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been
consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

All fixed assets are initially recorded 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 Statement of Income and Retained Earnings, 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.


Penistone Paper and Board Limited (Registered number: 01070234)

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

3. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 272,801 25,348 298,149
Additions 279 499 778
At 31 December 2024 273,080 25,847 298,927
DEPRECIATION
At 1 January 2024 232,763 19,527 252,290
Charge for year 6,250 948 7,198
At 31 December 2024 239,013 20,475 259,488
NET BOOK VALUE
At 31 December 2024 34,067 5,372 39,439
At 31 December 2023 40,038 5,821 45,859

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,068,784 1,354,430
Other debtors 31,542 34,062
1,100,326 1,388,492

Penistone Paper and Board Limited (Registered number: 01070234)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 62,197
Trade creditors 869,014 1,005,757
Taxation and social security 83,192 108,278
Other creditors 22,013 112,736
984,219 1,288,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,779 15,881

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 130,000 130,000
Between one and five years 205,833 335,833
335,833 465,833

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000