REGISTERED NUMBER: 05076956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PURELYPAPER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

Mr S Butler

Mrs A S M Butler

SECRETARY:

Mr S Butler

REGISTERED OFFICE:

10 St. Ann Street

Salisbury

SP1 2DN

REGISTERED NUMBER:

05076956 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

BANKERS:

Lloyds Bank PLC

38 Blue Boar Row

Salisbury

Wiltshire

SP1 1DB

FIXED ASSETS

Intangible assets

4

19,221

20,931

Tangible assets

5

1,335

757

20,556

21,688

CURRENT ASSETS

Debtors

6

124,610

106,880

Cash at bank

86,126

131,894

210,736

238,774

CREDITORS

Amounts falling due within one year

7

128,118

135,082

NET CURRENT ASSETS

82,618

103,692

TOTAL ASSETS LESS CURRENT LIABILITIES

103,174

125,380

PROVISIONS FOR LIABILITIES

1,641

2,000

NET ASSETS

101,533

123,380

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

101,531

123,378

SHAREHOLDERS' FUNDS

101,533

123,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 28 September 2025 and were signed on its behalf by:

Mr S Butler - Director

1.	STATUTORY INFORMATION

Purelypaper Ltd 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 currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable for the supply of paper and other office supplies.

Revenue is recognised on the sale of goods once the customer has placed their online order at which time the significant risks and rewards associated with the product are transferred to the customer.

Intangible assets

The Company's website is being amortised evenly over its estimated useful life of 10 years.

The assets' residual value, useful live and amortisation method is reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

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.

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.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash and cash equivalents

These comprise cash at bank and other short-term highly liquid bank deposits.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

Reserves

The movement in the fair value of plant & equipment to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate depreciation and deferred tax provisions, may not be distributed to the shareholders.

Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 April 2024

37,895

Additions

2,241

At 31 March 2025

40,136

AMORTISATION

At 1 April 2024

16,964

Charge for year

3,951

At 31 March 2025

20,915

NET BOOK VALUE

At 31 March 2025

19,221

At 31 March 2024

20,931

Cost or valuation at 31 March 2025 is represented by:

Other

intangible

assets

£

Valuation in 2019

20,000

Cost

20,136

40,136

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

4,451

15,335

19,786

Additions

-

1,046

1,046

At 31 March 2025

4,451

16,381

20,832

DEPRECIATION

At 1 April 2024

4,448

14,581

19,029

Charge for year

3

465

468

At 31 March 2025

4,451

15,046

19,497

NET BOOK VALUE

At 31 March 2025

-

1,335

1,335

At 31 March 2024

3

754

757

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

5,796

6,994

Other debtors

56,814

37,886

62,610

44,880

Amounts falling due after more than one year:

Other debtors

62,000

62,000

Aggregate amounts

124,610

106,880

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

92,761

93,952

Taxation and social security

29,721

37,126

Other creditors

5,636

4,004

128,118

135,082

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

10,170

979

Between one and five years

11,886

13,541

22,056

14,520

9.

RESERVES

31.3.25

31.3.24

£

£

Distributable

96,844

117,212

Non - distributable

4,687

6,166

101,531

123,378

Movement in Non-distributable reserve

31.3.25

31.3.24

£

£

Balance brought forward

6,166

8,100

Asset disposals

-

-

Fair value uplift

-

-

Movement in depreciation

(2,000

)

(2,000

)

Movement in deferred tax

521

66

Balance carried forward

4,687

6,166

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Balance outstanding at the start of the year

-

31,807

Amounts advanced

100,815

-

Amount repaid

(84,000

)

(31,807

)

Balance outstanding at the end of the year

16,815

-

31.3.25

31.3.24

£

£

Balance outstanding at the start of the year

62,000

62,000

Amounts advanced

-

-

Amount repaid

-

-

Balance outstanding at the end of the year

62,000

62,000

The loans are repayable on demand and interest is charged at commercial rates.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Purelypaper Ltd for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Purelypaper Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Purelypaper Ltd and state those matters that we have agreed to state to the Board of Directors of Purelypaper Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Purelypaper Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Purelypaper Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Purelypaper Ltd. You consider that Purelypaper Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Purelypaper Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

29 September 2025