Party and Paper Solutions Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—5

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Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 05591596

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,018		24,587

			23,018		24,587
CURRENT ASSETS
Stocks	5	1,303,395		956,170
Debtors	6	935,713		939,588

		2,239,108		1,895,758
Creditors: Amounts Falling Due Within One Year	7	(1,378,769 )		(1,102,203 )

NET CURRENT ASSETS (LIABILITIES)			860,339		793,555

TOTAL ASSETS LESS CURRENT LIABILITIES			883,357		818,142

Creditors: Amounts Falling Due After More Than One Year	8		(262,467 )		(318,742 )

NET ASSETS			620,890		499,400

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			619,890		498,400

SHAREHOLDERS' FUNDS			620,890		499,400

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 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.

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 Harbhajan Sandher

Director

03/12/2025

The notes on pages 3 to 5 form part of these financial statements.

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Party and Paper Solutions Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Party and Paper Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05591596 . The registered office is Unique House, 318 High Street North, Dunstable, Bedfordshire, LU6 1BE.

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.

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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Plant & Machinery	25%
Motor Vehicles	25%

2.4. 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.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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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Party and Paper Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 12 (2024: 11)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	14,837	26,650	41,487
Additions	6,103	-	6,103

As at 31 March 2025	20,940	26,650	47,590

Depreciation
As at 1 April 2024	10,237	6,663	16,900
Provided during the period	2,676	4,996	7,672

As at 31 March 2025	12,913	11,659	24,572

Net Book Value
As at 31 March 2025	8,027	14,991	23,018

As at 1 April 2024	4,600	19,987	24,587

5. Stocks

	2025	2024
	£	£
Stock	1,303,395	956,170

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	608,290	649,318
Other debtors	327,423	290,270

	935,713	939,588

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Party and Paper Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	160,873	128,800
Bank loans and overdrafts	778,892	632,519
Other creditors	281,085	173,640
Taxation and social security	157,919	167,244

	1,378,769	1,102,203

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	262,467	318,742

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

Mr H Sandher and Mrs K J Sandher are directors of HK Trading Limited, which is a 100% owned subsidary of Turgelstar Enterprises Limited. During the year ended 31 March 2025, the company paid management charges of £0 (2024: £18,000) to HK Trading Limited. For the year ending 31 March 2025, the company was charged £20,000 (2024: £40,000) for rent from Turgelstar Enterprises Ltd. At 31 March 2025, the company owed £80,034 (2024: £80,734) to HK Trading Ltd. At 31 March 2025, the company was owed £288,710 (2024: £254,566) from Turgelstar Enterprises Limited by way of an inter-company loan.

Mr H S Sandher is the sole director and shareholder of J R Gurpreet Limited. As at 31 March 2025, the company owed J R Gurpreet Limited £171,800 (2024: £71,800)

11. Ultimate Controlling Party

Ultimate Parent Company

During the financial year ending 31st March 2023, Turgelstar Enterprises Ltd transferred 50% of the shareholding in Party and Paper Solutions Ltd to Mr R S Sandher (25%) and Mrs P K Sandher (25%) who are both directors in Party and Paper Solutions Ltd. There has been no changes to the shareholdings during year ending 31st March 2025.

Ultimate Controlling Party

During the financial year ending 31st March 2023, 50% of the shareholding Turgelstar Enterprises Ltd had in Party and Paper Solutions Ltd was transferred to Mr R S Sandher (25%) and Mrs P K Sandher (25%) who are both directors in Party and Paper Solutions Ltd. There has been no changes to the shareholdings during year ending 31st March 2025.

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Directors	Mr Raman Gurpreet Sandher
	Mrs Kamal Jeet Sandher
	Mr Harbhajan Sandher
	Mrs Pavandeep Sandher

Company Number	05591596

Registered Office	Unique House
	318 High Street North
	Dunstable
	Bedfordshire
	LU6 1BE