Company Registration No. 01047645 (England and Wales)
David John (Papers) Limited
Unaudited accounts
for the year ended 31 March 2026
David John (Papers) Limited
Unaudited accounts
Contents
David John (Papers) Limited
Company Information
for the year ended 31 March 2026
Directors
David Gould
Doreen Gould
Stephen Gould
Company Number
01047645 (England and Wales)
Registered Office
12 Elder Way
Langley
Slough
SL3 6EP
England
Accountants
Olive Rossley Ltd
Windrush Cottage
Bourton Lane
Devizes
SN10 2LQ
David John (Papers) Limited
Statement of financial position
as at 31 March 2026
Tangible assets
416,990
431,395
Inventories
253,545
355,543
Cash at bank and in hand
101,363
105,869
Creditors: amounts falling due within one year
(350,227)
(473,760)
Net current assets
144,146
100,759
Total assets less current liabilities
573,136
532,154
Creditors: amounts falling due after more than one year
-
(4,187)
Provisions for liabilities
Other provisions
(26,500)
(21,628)
Net assets
546,636
506,339
Called up share capital
5,000
5,000
Revaluation reserve
95,307
95,307
Profit and loss account
446,329
406,032
Shareholders' funds
546,636
506,339
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by
Stephen Gould
Director
Company Registration No. 01047645
David John (Papers) Limited
Notes to the Accounts
for the year ended 31 March 2026
David John (Papers) Limited is a private company, limited by shares, registered in England and Wales, registration number 01047645. The registered office is 12 Elder Way, Langley, Slough, SL3 6EP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation on freehold land and 2% straight line on buildings
Plant & machinery
5% Reducing balance
Motor vehicles
20-25% Reducing balance
Fixtures & fittings
15% Reducing balance
David John (Papers) Limited
Notes to the Accounts
for the year ended 31 March 2026
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for
impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
David John (Papers) Limited
Notes to the Accounts
for the year ended 31 March 2026
The company has taken advantage of the transitional arrangement when adopting FRS 102 for the first time and exercised the option to take the previous valuation of the land and buildings as deemed cost. As such the revelation reserve is frozen at the date of transition.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2025
389,866
332,750
722,616
At 31 March 2026
389,866
343,385
733,251
At 1 April 2025
51,576
239,645
291,221
Charge for the year
3,680
21,360
25,040
At 31 March 2026
55,256
261,005
316,261
At 31 March 2026
334,610
82,380
416,990
At 31 March 2025
338,290
93,105
431,395
The land and buildings were valued at £390,000 in March 2016 by Aitchison Rafferty Limited. This has not been reflected in the accounts as the directors have taken advantage of the transitional arrangement when adopting FRS 102 for the first time and exercised the option to take the previous valuation of the land and buildings as deemed cost.
5
Investments
Other investments
Valuation at 1 April 2025
-
Valuation at 31 March 2026
12,000
Amounts falling due within one year
Trade debtors
127,827
96,359
Accrued income and prepayments
10,408
327
Other debtors
1,230
16,421
David John (Papers) Limited
Notes to the Accounts
for the year ended 31 March 2026
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Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
81,177
142,087
Trade creditors
148,270
217,182
Taxes and social security
30,731
29,773
Loans from directors
14,238
17,997
8
Creditors: amounts falling due after more than one year
2026
2025
9
Transactions with related parties
Dividends declared during the year were £11,725 (2025: £30,000)
At the year end, the amount owed to the director was £14,238 (2025: £17,997). The loan is interest-free, unsecured and repayable on demand.
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Average number of employees
During the year the average number of employees was 12 (2025: 11).