PaperRound HND Service Limited - Accounts to registrar (filleted) - small 18.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2021

FOR

PAPERROUND HND SERVICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Kinton

C G Hoy

J P Harris

SECRETARY:

M J Kinton

REGISTERED OFFICE:

18 Burywick

Harpenden

Hertfordshire

AL5 2AH

REGISTERED NUMBER:

05358546 (England and Wales)

ACCOUNTANTS:

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

FIXED ASSETS

Intangible assets

4

185,381

-

Tangible assets

5

2,928

3,348

188,309

3,348

CURRENT ASSETS

Debtors

6

59,020

19,392

Cash at bank

20,935

95,294

79,955

114,686

CREDITORS

Amounts falling due within one year

7

81,427

60,380

NET CURRENT (LIABILITIES)/ASSETS

(1,472

)

54,306

TOTAL ASSETS LESS CURRENT LIABILITIES

186,837

57,654

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

186,737

57,554

SHAREHOLDERS' FUNDS

186,837

57,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th April 2021 and were signed on its behalf by:

M J Kinton - Director

C G Hoy - Director

1.	STATUTORY INFORMATION

PaperRound HND Service 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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

-

Straight line over 3 years

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st March 2020

21,363

Additions

222,457

At 28th February 2021

243,820

AMORTISATION

At 1st March 2020

21,363

Charge for year

37,076

At 28th February 2021

58,439

NET BOOK VALUE

At 28th February 2021

185,381

At 29th February 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2020

19,208

Additions

2,076

At 28th February 2021

21,284

DEPRECIATION

At 1st March 2020

15,860

Charge for year

2,496

At 28th February 2021

18,356

NET BOOK VALUE

At 28th February 2021

2,928

At 29th February 2020

3,348

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

44,108

14,358

Other debtors

14,912

5,034

59,020

19,392

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

19,976

8,510

Taxation and social security

13,346

23,716

Other creditors

48,105

28,154

81,427

60,380

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Kinton.