copy paradise limited - Limited company accounts 18.2

REGISTERED NUMBER: 08236322 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2018

for

copy paradise limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

m a matloob

SECRETARY:

REGISTERED OFFICE:

48 chingford road

walthamstow

E17 4PT

REGISTERED NUMBER:

08236322 (England and Wales)

ACCOUNTANTS:

Qazi and co

1-3 JEWEL ROAD

WALTHAMSTOW

London

E17 4QX

The director presents his report with the financial statements of the company for the year ended 31 October 2018.

DIRECTOR

m a matloob held office during the whole of the period from 1 November 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

m a matloob - Director

25 July 2019

TURNOVER

95,160

102,044

Cost of sales

16,409

50,825

GROSS PROFIT

78,751

51,219

Distribution costs

15,513

6,410

Administrative expenses

34,787

24,450

50,300

30,860

OPERATING PROFIT and

PROFIT BEFORE TAXATION

28,451

20,359

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

28,451

20,359

FIXED ASSETS

Tangible assets

5

2,747

3,433

CURRENT ASSETS

Debtors

6

43,392

35,983

Prepayments and accrued income

(1,545

)

(3,193

)

Cash at bank

20,833

8,139

62,680

40,929

CREDITORS

Amounts falling due within one year

7

2,495

2,598

NET CURRENT ASSETS

60,185

38,331

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,932

41,764

CREDITORS

Amounts falling due after more than one
year

8

7,169

14,452

NET ASSETS

55,763

27,312

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

55,762

27,311

55,763

27,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 July 2019 and were signed by:

m a matloob - Director

1.	STATUTORY INFORMATION

copy paradise 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was XXX.

**PLEASE COMPLETE CLIENT SCREEN WITH DETAILS

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.10.18

31.10.17

£

Depreciation - owned assets

686

858

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

and 31 October 2018

8,383

DEPRECIATION

At 1 November 2017

4,950

Charge for year

686

At 31 October 2018

5,636

NET BOOK VALUE

At 31 October 2018

2,747

At 31 October 2017

3,433

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

Trade debtors

43,392

35,983

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

Trade creditors

2,495

2,598

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.18

31.10.17

£

Trade creditors

3,942

5,569

Other creditors

3,227

8,883

7,169

14,452