PaperRocket Accounting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08193064 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

PaperRocket Accounting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss S Solo

SECRETARY:

REGISTERED OFFICE:

Pure Offices

Albany Chambers

26 Bridge Road East

Welwyn Garden City

Hertfordshire

AL7 1HL

REGISTERED NUMBER:

08193064 (England and Wales)

ACCOUNTANTS:

PaperRocket Accounting Ltd

Pure Offices

Albany Chambers

26 Bridge Road East

Welwyn Garden City

Hertfordshire

AL7 1HL

FIXED ASSETS

Tangible assets

4

-

1,167

CURRENT ASSETS

Debtors

5

6,910

5,232

Cash at bank

28,023

37,482

34,933

42,714

CREDITORS

Amounts falling due within one year

6

29,319

29,891

NET CURRENT ASSETS

5,614

12,823

TOTAL ASSETS LESS CURRENT LIABILITIES

5,614

13,990

CREDITORS

Amounts falling due after more than one year

7

-

(153

)

NET ASSETS

5,614

14,143

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

5,604

14,133

SHAREHOLDERS' FUNDS

5,614

14,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 on 25 October 2019 and were signed by:

Miss S Solo - Director

1.	STATUTORY INFORMATION

PaperRocket Accounting Ltd 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.

Plant and machinery etc

-

33% on cost

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.

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 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

and 31 August 2019

6,054

DEPRECIATION

At 1 September 2018

4,887

Charge for year

1,167

At 31 August 2019

6,054

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

1,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

886

(596

)

Other debtors

6,024

5,828

6,910

5,232

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

16

424

Trade creditors

5,959

6,839

Taxation and social security

23,032

20,918

Other creditors

312

1,710

29,319

29,891

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Other creditors

-

(153

)

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

Miss S Solo

Balance outstanding at start of year

34

-

Amounts advanced

-

34

Amounts repaid

(34

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

34