REGISTERED NUMBER: 12861535 (England and Wales)

Abridged Financial Statements for the Year Ended 31 December 2024

for

NAKED PAPER LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss L E Francis Coleman

T W Whelan

REGISTERED OFFICE:

Lytchett House, 13 Freeland Park

Wareham Road

Poole

Dorset

BH16 6FA

REGISTERED NUMBER:

12861535 (England and Wales)

ACCOUNTANTS:

West Country Accounting Services Limited

Chartered Accountants

BS15 1NT

FIXED ASSETS

Tangible assets

4

9,230

8,207

CURRENT ASSETS

Stocks

191,475

209,023

Debtors

111,171

238,053

Cash at bank

944,044

203,531

1,246,690

650,607

CREDITORS

Amounts falling due within one year

633,306

1,060,183

NET CURRENT ASSETS/(LIABILITIES)

613,384

(409,576

)

TOTAL ASSETS LESS CURRENT LIABILITIES

622,614

(401,369

)

CAPITAL AND RESERVES

Called up share capital

5

124

111

Share premium

6

1,926,791

623,318

Retained earnings

6

(1,304,301

)

(1,024,798

)

SHAREHOLDERS' FUNDS

622,614

(401,369

)

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Miss L E Francis Coleman - Director

1.	STATUTORY INFORMATION

Naked Paper 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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

11,917

Additions

2,540

At 31 December 2024

14,457

DEPRECIATION

At 1 January 2024

3,710

Charge for year

1,517

At 31 December 2024

5,227

NET BOOK VALUE

At 31 December 2024

9,230

At 31 December 2023

8,207

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,106,370

Ordinary

0.000

1

124

111

132,963 Ordinary shares of 0.0001 each were allotted as fully paid at a premium of 980.328p per share during the year.

On 4 April 2022, the company sub-divided its 100 £1 Ordinary Shares into 1,000,000 Ordinary shares of £0.0001.

On 18 August 2022, 106,370 Ordinary Shares of £0.0001 were issued at a price of £5.86 per share.

6.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(1,024,798

)

623,318

(401,480

)

Deficit for the year

(279,503

)

(279,503

)

Cash share issue

-

1,303,473

1,303,473

At 31 December 2024

(1,304,301

)

1,926,791

622,490