Purelypaper Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05076956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PURELYPAPER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Mr S Butler

Mrs A S M Butler

SECRETARY:

Mr S Butler

REGISTERED OFFICE:

10 St. Ann Street

Salisbury

SP1 2DN

REGISTERED NUMBER:

05076956 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

BANKERS:

Lloyds Bank PLC

38 Blue Boar Row

Salisbury

Wiltshire

SP1 1DB

FIXED ASSETS

Tangible assets

4

2,143

1,210

CURRENT ASSETS

Debtors

5

85,638

66,497

Cash at bank

123,566

198,244

209,204

264,741

CREDITORS

Amounts falling due within one year

6

140,314

220,992

NET CURRENT ASSETS

68,890

43,749

TOTAL ASSETS LESS CURRENT LIABILITIES

71,033

44,959

PROVISIONS FOR LIABILITIES

321

131

NET ASSETS

70,712

44,828

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

70,710

44,826

SHAREHOLDERS' FUNDS

70,712

44,828

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 May 2018 and were signed on its behalf by:

Mr S Butler - Director

1.	STATUTORY INFORMATION

Purelypaper 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of goods provided to customers during the year net of value added tax.

Turnover is recognised on the sale of goods when an order is placed at which time the customer is invoiced

and the significant risks and rewards of ownership have transferred to the customer.

The company does not operate long term contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

3,529

11,485

15,014

Additions

530

1,143

1,673

At 31 March 2018

4,059

12,628

16,687

DEPRECIATION

At 1 April 2017

3,252

10,552

13,804

Charge for year

220

520

740

At 31 March 2018

3,472

11,072

14,544

NET BOOK VALUE

At 31 March 2018

587

1,556

2,143

At 31 March 2017

277

933

1,210

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

24,401

12,690

Other debtors

61,237

53,807

85,638

66,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

95,943

180,955

Taxation and social security

35,189

34,820

Other creditors

9,182

5,217

140,314

220,992

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company 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 Directors 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, we have prepared for your approval the

financial statements of Purelypaper Ltd for the year ended 31 March 2018 which comprise the Statement of Income and

Retained Earnings, 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 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 Board of Directors of Purelypaper Ltd, 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 Purelypaper Ltd and state those matters that we have agreed to state to the Board of Directors of Purelypaper Ltd, 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 Purelypaper Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Purelypaper Ltd 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 Purelypaper Ltd. You consider that Purelypaper Ltd 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 Purelypaper Ltd. 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.

Rothman Pantall LLP

Chartered Accountants

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

31 May 2018