Paparrito's Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Paparrito's Limited for the year ended 30 June 2026

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paparrito's Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the directors of Paparrito's Limited , as a body, in accordance with the terms of our engagement letter dated 15 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of Paparrito's Limited and state those matters that we have agreed to state to the directors of Paparrito's Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paparrito's Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Paparrito's Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Paparrito's Limited . You consider that Paparrito's Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Paparrito's Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

29th October 2026

DJ Coulter & Associates Limited

Chartered Certified Accountants

Wellesley House

7 Clarence Parade

Cheltenham

GL50 3NY

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Paparrito's Limited

Balance Sheet

As At 30 June 2026

Balance Sheet

Registered number: 08113715

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,735		8,487

			8,735		8,487
CURRENT ASSETS
Stocks	5	8,500		9,059
Debtors	6	14,200		13,416
Cash at bank and in hand		43,075		77,976

		65,775		100,451
Creditors: Amounts Falling Due Within One Year	7	(48,439 )		(51,628 )

NET CURRENT ASSETS (LIABILITIES)			17,336		48,823

TOTAL ASSETS LESS CURRENT LIABILITIES			26,071		57,310

NET ASSETS			26,071		57,310

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			25,871		57,110

SHAREHOLDERS' FUNDS			26,071		57,310

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Paparrito's Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 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.

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 Ernesto Steidl

Director

29th October 2026

The notes on pages 4 to 7 form part of these financial statements.

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Paparrito's Limited

Notes to the Financial Statements

For The Year Ended 30 June 2026

Notes to the Financial Statements

1. General Information

Paparrito's Limited Registered number 08113715 is a limited by shares company incorporated in England & Wales. The Registered Office is 214/216 High Street, Cheltenham, GL50 3HF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.6. 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.

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Paparrito's Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

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 year 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.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2025: 13)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2025	14,095	25,381	3,369	42,845
Additions	490	1,609	475	2,574
Disposals	(705 )	(160 )	(137 )	(1,002 )

As at 30 June 2026	13,880	26,830	3,707	44,417

Depreciation
As at 1 July 2025	11,364	21,845	1,149	34,358
Provided during the period	607	940	523	2,070
Disposals	(559 )	(129 )	(58 )	(746 )

As at 30 June 2026	11,412	22,656	1,614	35,682

Net Book Value
As at 30 June 2026	2,468	4,174	2,093	8,735

As at 1 July 2025	2,731	3,536	2,220	8,487

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Paparrito's Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

5. Stocks

	2026	2025
	£	£
Materials	8,500	9,059

6. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	14,200	13,416

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	12,508	18,647
Corporation tax	1,997	3,796
Other taxes and social security	3,296	1,950
VAT	9,222	11,250
Net wages	3,019	172
Other creditors	385	570
Accruals and deferred income	3,843	5,761
Directors' loan accounts	14,169	9,482

	48,439	51,628

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2026	2025
	£	£
Mrs Colleen Steidl	10,000	-
Mr Ernesto Steidl	10,000	-

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Paparrito's Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

10. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	40,000	-

11. Related Party Transactions

The directors and shareholders Mr Ernesto Steidl and Mrs Colleen Steidl are also directors and shareholders of Zelmax Ltd.

During the year the company paid rent and services to Zelmax Ltd in the value of £68,166 (2025: £69,449). At the balance sheet date the company owed £Nil (2025: £6,000 ) to Zelmax Ltd

12. Ultimate Controlling Party

The company's ultimate controlling parties are Ernesto Steidl and Colleen Steidl by virtue of thier ownership of 50% of the issued share capital in the company.

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