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Company Registration No. 06715019 (England and Wales)
Paper Mache Tiger Limited Unaudited accounts for the year ended 31 October 2024
Paper Mache Tiger Limited Unaudited accounts Contents
Page
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Paper Mache Tiger Limited Company Information for the year ended 31 October 2024
Director
Kyle Robinson
Company Number
06715019 (England and Wales)
Registered Office
c/o Solid Ltd 163 City Road London EC1V 1NR United Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Paper Mache Tiger Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,591 
59,072 
Current assets
Inventories
264,309 
108,174 
Debtors
906,135 
968,855 
Cash at bank and in hand
94,246 
23,215 
1,264,690 
1,100,244 
Creditors: amounts falling due within one year
(643,908)
(467,033)
Net current assets
620,782 
633,211 
Total assets less current liabilities
659,373 
692,283 
Creditors: amounts falling due after more than one year
(140,831)
(72,821)
Net assets
518,542 
619,462 
Capital and reserves
Called up share capital
965 
965 
Profit and loss account
517,577 
618,497 
Shareholders' funds
518,542 
619,462 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2025 and were signed on its behalf by
Kyle Robinson Director Company Registration No. 06715019
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Paper Mache Tiger Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Paper Mache Tiger Limited is a private company, limited by shares, registered in England and Wales, registration number 06715019. The registered office is c/o Solid Ltd, 163 City Road, London, EC1V 1NR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 4 years straight line
Motor vehicles
over 4 years straight line
Computer equipment
over 4 years straight line
Stock
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Paper Mache Tiger Limited Notes to the Accounts for the year ended 31 October 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
85,626 
74,585 
13,306 
173,517 
Additions
4,995 
- 
- 
4,995 
At 31 October 2024
90,621 
74,585 
13,306 
178,512 
Depreciation
At 1 November 2023
77,396 
24,862 
12,187 
114,445 
Charge for the year
6,257 
18,646 
573 
25,476 
At 31 October 2024
83,653 
43,508 
12,760 
139,921 
Net book value
At 31 October 2024
6,968 
31,077 
546 
38,591 
At 31 October 2023
8,230 
49,723 
1,119 
59,072 
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Paper Mache Tiger Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,552 
Trade debtors
184,820 
265,230 
Amounts due from group undertakings etc.
649,718 
607,070 
Deferred tax asset
9,952 
6,623 
Accrued income and prepayments
36,717 
25,265 
Other debtors
24,928 
62,115 
906,135 
968,855 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
68,684 
19,771 
VAT
10,634 
- 
Obligations under finance leases and hire purchase contracts
10,416 
9,867 
Trade creditors
97,835 
184,693 
Taxes and social security
69,867 
59,043 
Other creditors
2,694 
96,223 
Accruals
53,885 
54,603 
Deferred income
329,893 
42,833 
643,908 
467,033 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
64,019 
28,426 
Obligations under finance leases and hire purchase contracts
33,979 
44,395 
Deferred income
42,833 
- 
140,831 
72,821 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
(35) Capital redemption reserve of £1 each
(35)
(35)
965 
965 
9
Transactions with related parties
Kyle Robinson who is a director and shareholder of Paper Mache Tiger Limited , is also a director and shareholder of Open Space Unit Ltd, Cecile Limited, Paper Mache Tiger LLC and Herculie Ltd. At the year end Open Space Unit Ltd owed £350,905 (2023: £392,905) to Paper Mache Tiger Limited. At the year end Cecile Limited owed £181,094 (2023: £96,730) to Paper Mache Tiger Limited. At the year end Paper Mache Tiger LLC owed £117,719 (2023: £116,300) to Paper Mache Tiger Limited. At the year end Herculie Ltd owed £nil (2023: £1,135) to Paper Mache Tiger Limited.
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Paper Mache Tiger Limited Notes to the Accounts for the year ended 31 October 2024
10
Controlling party
Paper Mache Tiger Limited is a 100% subsidiary of Open Space unit Ltd (registered office: c/o Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR)
11
Average number of employees
During the year the average number of employees was 7 (2023: 8).
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