Mr Paper Limited - Filleted accounts

Registered number

05071658

Mr Paper Limited

Filleted Accounts

31 March 2026

Mr Paper Limited
Registered number:		05071658
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		10,420			16,532
Investments	4		2			2
			10,422			16,534

Current assets
Stocks		111,395			129,966
Debtors	5	35,559			33,473
Cash at bank and in hand		88,322			84,215
		235,276			247,654

Creditors: amounts falling due within one year	6	(110,187)			(120,544)

Net current assets			125,089			127,110

Total assets less current liabilities			135,511			143,644


Provisions for liabilities			(2,605)			(4,200)


Net assets			132,906			139,444

Capital and reserves
Called up share capital			100			100
Profit and loss account			132,806			139,344

Shareholders' funds			132,906			139,444

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jamie Boreham
Director
Approved by the board on 22 October 2026

Mr Paper Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Short leasehold land and buildings	over the lease term
	Fixtures, fittings, tools and equipment	25% Reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			7		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	8,630		38,407		47,037
	Additions	-		3,105		3,105
	Disposals	-		(13,094)		(13,094)
	At 31 March 2026	8,630		28,418		37,048

	Depreciation
	At 1 April 2025	8,630		21,875		30,505
	Charge for the year	-		3,473		3,473
	On disposals	-		(7,350)		(7,350)
	At 31 March 2026	8,630		17,998		26,628

	Net book value
	At 31 March 2026	-		10,420		10,420
	At 31 March 2025	-		16,532		16,532


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2025					2

	At 31 March 2026					2

	The company holds 100% of the issued share capital of Till Roll King Limited, a company registered in England, whose resgistered office is c/o SHMS Accountants Bournemouth, Ground Floor, Austin House, 43 Poole Road, Bournemouth, BH4 9DN


5	Debtors			2026		2025
£					£

	Trade debtors			23,808		23,261
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			2,000		-
	Other debtors			9,751		10,212
				35,559		33,473


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			17		17
	Trade creditors			27,499		12,730
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			24,615		24,615
	Taxation and social security costs			53,518		73,000
	Other creditors			4,538		10,182
				110,187		120,544


7	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			4,167		16,667


8	Related party transactions

	At the year end date, the company owed £24,615 (2025: £24,615) to its immediate subsidiary Till Roll King Limited. The amount is repayable on demand, interest free and unsecured.


9	Other information

	Mr Paper Limited is a private company limited by shares and incorporated in England. Its registered office is:
	SHMS Accountants Bournemouth
	Ground Floor Austin House
	43 Poole Road
	Westbourne
	BH4 9DN