Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03881070 Mr Colin Metson Mr Marion Munz-Metson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03881070 2024-03-31 03881070 2025-03-31 03881070 2024-04-01 2025-03-31 03881070 frs-core:CurrentFinancialInstruments 2025-03-31 03881070 frs-core:NetGoodwill 2025-03-31 03881070 frs-core:NetGoodwill 2024-04-01 2025-03-31 03881070 frs-core:NetGoodwill 2024-03-31 03881070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 03881070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03881070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03881070 frs-core:MotorVehicles 2025-03-31 03881070 frs-core:MotorVehicles 2024-04-01 2025-03-31 03881070 frs-core:MotorVehicles 2024-03-31 03881070 frs-core:PlantMachinery 2025-03-31 03881070 frs-core:PlantMachinery 2024-04-01 2025-03-31 03881070 frs-core:PlantMachinery 2024-03-31 03881070 frs-core:ShareCapital 2025-03-31 03881070 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03881070 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03881070 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03881070 frs-bus:SmallEntities 2024-04-01 2025-03-31 03881070 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03881070 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03881070 frs-bus:Director1 2024-04-01 2025-03-31 03881070 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03881070 frs-countries:EnglandWales 2024-04-01 2025-03-31 03881070 2023-03-31 03881070 2024-03-31 03881070 2023-04-01 2024-03-31 03881070 frs-core:CurrentFinancialInstruments 2024-03-31 03881070 frs-core:ShareCapital 2024-03-31 03881070 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03881070
Paper Shapers Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03881070
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 48,154 69,950
48,154 69,950
CURRENT ASSETS
Stocks 6 7,500 2,500
Debtors 7 20,737 34,616
Cash at bank and in hand 204,334 193,466
232,571 230,582
Creditors: Amounts Falling Due Within One Year 8 (20,517 ) (29,337 )
NET CURRENT ASSETS (LIABILITIES) 212,054 201,245
TOTAL ASSETS LESS CURRENT LIABILITIES 260,208 271,195
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,121 ) (5,446 )
NET ASSETS 250,087 265,749
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 240,087 255,749
SHAREHOLDERS' FUNDS 250,087 265,749
Page 1
Page 2
For the year ending 31 March 2025 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 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.
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 Profit and Loss Account.
On behalf of the board
Mr Colin Metson
Director
31/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Paper Shapers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03881070 . The registered office is Unit 7e Eley Industrial Estate, Nobel Road, London, N18 3BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Paper Shapers Limited previously applied Financial Reporting Standard 105 and the transition date was 1 April 2024.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Leasehold 20% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 5)
3 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 66,000
As at 31 March 2025 66,000
Amortisation
As at 1 April 2024 66,000
As at 31 March 2025 66,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 2,630 371,253 43,049 416,932
Additions - 894 - 894
Disposals - (82,247 ) - (82,247 )
As at 31 March 2025 2,630 289,900 43,049 335,579
Depreciation
As at 1 April 2024 2,485 332,389 12,108 346,982
Provided during the period 29 9,813 7,735 17,577
Disposals - (77,134 ) - (77,134 )
As at 31 March 2025 2,514 265,068 19,843 287,425
Net Book Value
As at 31 March 2025 116 24,832 23,206 48,154
As at 1 April 2024 145 38,864 30,941 69,950
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6. Stocks
2025 2024
£ £
Stock 7,500 2,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,737 34,416
Other debtors - 200
20,737 34,616
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 520 1,167
Other creditors 9,608 14,848
Taxation and social security 10,389 13,322
20,517 29,337
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
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