PAPICO LIMITED

Company Registration Number:
02363741 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PAPICO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

PAPICO LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 449,019 448,360
Investments: 4 62,955 62,955
Total fixed assets: 511,974 511,315
Current assets
Debtors:   1,083,336 974,373
Cash at bank and in hand: 499,445 377,787
Total current assets: 1,582,781 1,352,160
Creditors: amounts falling due within one year:   (1,384,895) (1,048,192)
Net current assets (liabilities): 197,886 303,968
Total assets less current liabilities: 709,860 815,283
Creditors: amounts falling due after more than one year:   (5,542) (15,670)
Total net assets (liabilities): 704,318 799,613
Capital and reserves
Called up share capital: 92,082 92,082
Other reserves: 16,250 16,250
Profit and loss account: 595,986 691,281
Shareholders funds: 704,318 799,613

The notes form part of these financial statements

PAPICO LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2025
and signed on behalf of the board by:

Name: Paul Johnston-Knight
Status: Director

The notes form part of these financial statements

PAPICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property 2% straight line Fixtures and fittings 20% straight line

PAPICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 9 9

PAPICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 573,003
Additions 878
At 31 December 2024 573,881
Depreciation
At 01 January 2024 124,643
Charge for year 219
At 31 December 2024 124,862
Net book value
At 31 December 2024 449,019
At 31 December 2023 448,360

PAPICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

There was no provision for impairment at either 1 January or 31 December 2024.

PAPICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Loans to directors

Name of director receiving advance or credit: Paul Johnston-Knight
Description of the loan: Advance
£
Balance at 01 January 2024 50,000
Advances or credits made: 50,000
Advances or credits repaid: 50,000
Balance at 31 December 2024 50,000
Name of director receiving advance or credit: D G Bramhill
Description of the loan: Advance
£
Balance at 01 January 2024 0
Advances or credits made: 10,000
Balance at 31 December 2024 10,000
Name of director receiving advance or credit: K Spiers
Description of the loan: Advance
£
Balance at 01 January 2024 33,000
Advances or credits made: 30,000
Advances or credits repaid: 2,100
Balance at 31 December 2024 60,900