REGISTERED NUMBER: 06690802 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE PAPERSHOP HIGHLEY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Rajpreet Kaur Bajwa

Mrs. Paramjit Kaur

Mr Kulwant Singh

Mr Taranjit Singh Dhaliwal

REGISTERED OFFICE:

Hawthorn House

Highley

NR Bridgnorth

Shropshire

WV16 6LQ

REGISTERED NUMBER:

06690802 (England and Wales)

ACCOUNTANTS:

Ark&Co Ltd

Chartered Accountants & Chartered Tax Advisers

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

FIXED ASSETS

Intangible assets

4

202,292

202,292

Tangible assets

5

38,372

18,897

Investments

6

1

1

240,665

221,190

CURRENT ASSETS

Stocks

54,132

88,615

Debtors

7

117,465

158,999

Cash at bank and in hand

3,455

5,720

175,052

253,334

CREDITORS

Amounts falling due within one year

8

55,978

78,454

NET CURRENT ASSETS

119,074

174,880

TOTAL ASSETS LESS CURRENT LIABILITIES

359,739

396,070

CREDITORS

Amounts falling due after more than one year

9

142,306

185,871

NET ASSETS

217,433

210,199

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

217,429

210,195

SHAREHOLDERS' FUNDS

217,433

210,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 27 October 2025 and were signed on its behalf by:

Mr Kulwant Singh - Director

1.	STATUTORY INFORMATION

The Papershop Highley 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about The Papershop Highley Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

202,292

NET BOOK VALUE

At 31 October 2024

202,292

At 31 October 2023

202,292

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2023

8,400

55,531

22,586

Additions

-

8,990

-

At 31 October 2024

8,400

64,521

22,586

DEPRECIATION

At 1 November 2023

-

50,228

18,458

Charge for year

-

2,144

619

At 31 October 2024

-

52,372

19,077

NET BOOK VALUE

At 31 October 2024

8,400

12,149

3,509

At 31 October 2023

8,400

5,303

4,128

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2023

-

2,402

88,919

Additions

16,000

-

24,990

At 31 October 2024

16,000

2,402

113,909

DEPRECIATION

At 1 November 2023

-

1,336

70,022

Charge for year

2,400

352

5,515

At 31 October 2024

2,400

1,688

75,537

NET BOOK VALUE

At 31 October 2024

13,600

714

38,372

At 31 October 2023

-

1,066

18,897

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2023

and 31 October 2024

1

NET BOOK VALUE

At 31 October 2024

1

At 31 October 2023

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

3,911

-

Other debtors

113,554

158,971

VAT

-

28

117,465

158,999

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

5,168

28,139

Trade creditors

13,618

25,235

Tax

29,141

17,204

Social security and other taxes

216

1,022

Wages account

2,876

-

VAT

1,205

-

Other creditors

1,087

4,334

Accrued expenses

2,667

2,520

55,978

78,454

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans - 1-2 years

5,299

5,299

Bank loans - 2-5 years

29,369

15,170

Bank loans more 5 yr by instal

-

11,719

Other creditors

107,638

153,683

142,306

185,871

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

11,719

10.	RELATED PARTY DISCLOSURES

Riverside Fish & Chips Ltd is wholly owned subsidiary of The Papershop Highly Ltd.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Kulwant Singh & Paramjit Kaur.