REGISTERED NUMBER: 04383901 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Paper Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Ms LM Dixon

SECRETARY:

I D Ferguson

REGISTERED OFFICE:

Unit 1

Haslemere Industrial Estate

Pig Lane

Bishops Stortford

Hertfordshire

CM23 3HG

REGISTERED NUMBER:

04383901 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

10,782

14,795

CURRENT ASSETS

Stocks

496,656

482,001

Debtors

5

303,718

268,962

Cash at bank

1,507

1,159

801,881

752,122

CREDITORS

Amounts falling due within one year

6

440,185

381,406

NET CURRENT ASSETS

361,696

370,716

TOTAL ASSETS LESS CURRENT LIABILITIES

372,478

385,511

CREDITORS

Amounts falling due after more than one year

7

112,242

127,804

NET ASSETS

260,236

257,707

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

8

34,848

34,848

Retained earnings

8

225,288

222,759

SHAREHOLDERS' FUNDS

260,236

257,707

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 director acknowledges her 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 director and authorised for issue on 10 November 2025 and were signed by:

Ms LM Dixon - Director

1.	STATUTORY INFORMATION

Paper Projects Limited 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

127,085

3,056

22,045

15,879

168,065

DEPRECIATION

At 1 April 2024

123,635

2,092

12,745

14,798

153,270

Charge for year

863

321

2,325

504

4,013

At 31 March 2025

124,498

2,413

15,070

15,302

157,283

NET BOOK VALUE

At 31 March 2025

2,587

643

6,975

577

10,782

At 31 March 2024

3,450

964

9,300

1,081

14,795

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

22,045

Transfer to ownership

(22,045

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

12,745

Charge for year

2,325

Transfer to ownership

(15,070

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

9,300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

217,048

190,742

Prepayments and accrued income

86,670

78,220

303,718

268,962

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Import loan

165,675

135,544

Hire purchase contracts

-

10,536

Trade creditors

186,425

142,660

Taxation

33,967

28,276

Social security and other taxes

33,870

40,787

Accrued expenses

10,248

13,603

440,185

381,406

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,237

10,000

Bank loans - 2-5 years

-

2,439

Directors loan account

110,005

115,365

112,242

127,804

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

222,759

34,848

257,607

Profit for the year

47,529

-

47,529

Dividends

(45,000

)

-

(45,000

)

At 31 March 2025

225,288

34,848

260,136

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,500 (2024 - £40,500) were paid to the director .

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

10 November 2025