Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01 false Manufacture and supply of tissue products 2 2 true false 04705796 2024-04-01 2025-03-31 04705796 2023-04-01 2024-03-31 04705796 2025-03-31 04705796 2024-03-31 04705796 2023-04-01 04705796 c:Director1 2024-04-01 2025-03-31 04705796 d:PlantMachinery 2024-04-01 2025-03-31 04705796 d:PlantMachinery 2025-03-31 04705796 d:PlantMachinery 2024-03-31 04705796 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04705796 d:ComputerEquipment 2024-04-01 2025-03-31 04705796 d:ComputerEquipment 2025-03-31 04705796 d:ComputerEquipment 2024-03-31 04705796 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04705796 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 04705796 d:OtherPropertyPlantEquipment 2025-03-31 04705796 d:OtherPropertyPlantEquipment 2024-03-31 04705796 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04705796 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04705796 d:CurrentFinancialInstruments 2025-03-31 04705796 d:CurrentFinancialInstruments 2024-03-31 04705796 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 04705796 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04705796 d:ShareCapital 2025-03-31 04705796 d:ShareCapital 2024-03-31 04705796 d:RetainedEarningsAccumulatedLosses 2025-03-31 04705796 d:RetainedEarningsAccumulatedLosses 2024-03-31 04705796 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 04705796 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04705796 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 04705796 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 04705796 c:FRS102 2024-04-01 2025-03-31 04705796 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04705796 c:FullAccounts 2024-04-01 2025-03-31 04705796 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04705796 d:WithinOneYear 2025-03-31 04705796 d:WithinOneYear 2024-03-31 04705796 d:BetweenOneFiveYears 2025-03-31 04705796 d:BetweenOneFiveYears 2024-03-31 04705796 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 04705796 INDUSTRIAL PAPER CONVERTERS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INDUSTRIAL PAPER CONVERTERS LIMITED REGISTERED NUMBER: 04705796 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 79,893 |  | 83,416
Current assets |  |  |  |  |
Stocks |  | 25,978 |  | 25,216 |
Debtors: amounts falling due within one year | 5 | 45,225 |  | 67,015 |
Cash at bank and in hand |  | 51,384 |  | 64,891 |
|  | 122,587 |  | 157,122 |
Creditors: amounts falling due within one year | 6 | (134,651) |  | (174,978) |
Net current liabilities |  |  | (12,064) |  | (17,856)
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 |  | (8,038) |  | (7,607)
Net assets |  |  | 59,791 |  | 57,953
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 50,000 |  | 50,000
Profit and loss account |  |  | 9,791 |  | 7,953
|  |  | 59,791 |  | 57,953
Page 1
INDUSTRIAL PAPER CONVERTERS LIMITED REGISTERED NUMBER: 04705796 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2025.
S D Blackburn
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
INDUSTRIAL PAPER CONVERTERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Industrial Paper Converters Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04705796). Its registered office is Unit 19 Calow Brook Drive, Hasland, Chesterfield, Derbyshire, S41 0DR. The principal activity of the Company throughout the year continued to be that of the manufacture and supply of tissue products. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentation currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in Statement of Income and Retained Earnings except when deferred in Other Comprehensive Income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in Statement of Income and Retained Earnings within 'Other Operating Income'. Page 3
INDUSTRIAL PAPER CONVERTERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The depreciation rates used are:
|  |  |  | Plant and machinery | - | 10% | Reducing balance
|  |  |  | Computer equipment | - | 33% | Straight line
|  |  |  | Specialised equipment | - | 4% | Reducing balance
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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings. Page 4
INDUSTRIAL PAPER CONVERTERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.
| 2.7 | Current and deferred taxation
Tax is recognised in the Statement of Income and Retained Earnings. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
INDUSTRIAL PAPER CONVERTERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Plant and machinery | Computer equipment | Specialised equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 15,951 | 1,247 | 131,614 | 148,812
| At 31 March 2025 | 15,951 | 1,247 | 131,614 | 148,812
| Depreciation |  |  |  |
| At 1 April 2024 | 12,845 | 1,247 | 51,304 | 65,396
| Charge for the year on owned assets | 311 | - | 3,212 | 3,523
| At 31 March 2025 | 13,156 | 1,247 | 54,516 | 68,919
| Net book value |  |  |  |
| At 31 March 2025 | 2,795 | - | 77,098 | 79,893
| At 31 March 2024 | 3,106 | - | 80,310 | 83,416
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 37,971 | 63,693
| Prepayments | 7,254 | 3,322
|  | 45,225 | 67,015
Page 6
INDUSTRIAL PAPER CONVERTERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 10,637 | 2,386
| Other taxation and social security | 12,165 | 17,908
| Other creditors | 109,383 | 152,330
| Accruals | 2,466 | 2,354
|  | 134,651 | 174,978
7. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 7,607 | 262
| Charged to Statement of Income and Retained Earnings | 431 | 7,345
| At end of year | 8,038 | 7,607
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 13,635 | 13,966
| Tax losses carried forward | (5,597) | (6,359)
|  | 8,038 | 7,607
8. | Commitments under operating leases
| At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 3,159 | -
| Later than 1 year and not later than 5 years | 6,318 | -
|  | 9,477 | -
Page 7
INDUSTRIAL PAPER CONVERTERS LIMITED
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