Paper High Trading LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC352745 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

PAPER HIGH TRADING LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DESIGNATED MEMBERS:

Ms C M Gibson

M A Woolley

REGISTERED OFFICE:

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

REGISTERED NUMBER:

OC352745 (England and Wales)

ACCOUNTANTS:

Russell & Co

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

FIXED ASSETS

Tangible assets

3

4,951

4,979

CURRENT ASSETS

Stocks

4

230,786

165,807

Debtors

5

37,131

45,993

Cash at bank and in hand

24,620

5,827

292,537

217,627

CREDITORS

Amounts falling due within one year

6

130,507

90,478

NET CURRENT ASSETS

162,030

127,149

TOTAL ASSETS LESS CURRENT LIABILITIES

166,981

132,128

CREDITORS

Amounts falling due after more than one year

7

-

20,393

NET ASSETS ATTRIBUTABLE TO MEMBERS

166,981

111,735

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

98,937

43,691

MEMBERS' OTHER INTERESTS

Other reserves

68,044

68,044

166,981

111,735

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

98,937

43,691

Members' other interests

68,044

68,044

166,981

111,735

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2017.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 27 November 2017 and were signed by:

M A Woolley - Designated member

Ms C M Gibson - Designated member

1.	STATUTORY INFORMATION

Paper High Trading LLP is registered in England and Wales. The LLP's registered number and registered office

address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Equipment

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

3,760

2,164

4,614

10,538

Additions

459

1,557

450

2,466

At 31 March 2017

4,219

3,721

5,064

13,004

DEPRECIATION

At 1 April 2016

1,098

541

3,920

5,559

Charge for year

780

795

919

2,494

At 31 March 2017

1,878

1,336

4,839

8,053

NET BOOK VALUE

At 31 March 2017

2,341

2,385

225

4,951

At 31 March 2016

2,662

1,623

694

4,979

4.

STOCKS

2017

2016

£

£

Finished goods

230,786

165,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

37,131

24,139

Other debtors

-

21,854

37,131

45,993

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

106,204

67,754

Taxation and social security

23,750

11,025

Other creditors

553

11,699

130,507

90,478

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

20,393

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind debts due to ordinary creditors in a winding-up.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability

Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your

approval the financial statements of Paper High Trading LLP for the year ended 31 March 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Paper High Trading LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paper High Trading LLP and state those matters that we have agreed to state to the members of Paper High Trading LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paper High Trading LLP members, as a body, for our work or for this report.

It is your duty to ensure that Paper High Trading LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paper High Trading LLP. You consider that Paper High Trading LLP 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 financial statements of Paper High Trading LLP. 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 statutory financial statements.

Russell & Co

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

Date: .............................................