PaperRound HND Service Limited - Accounts to registrar (filleted) - small 18.1

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2018

FOR

PAPERROUND HND SERVICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Kinton

Dr T A Couper

C G Hoy

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

1,441

4,601

Tangible assets

5

2,590

2,695

4,031

7,296

CURRENT ASSETS

Debtors

6

20,967

27,759

Cash at bank

45,628

25,387

66,595

53,146

CREDITORS

Amounts falling due within one year

7

48,107

55,340

NET CURRENT ASSETS/(LIABILITIES)

18,488

(2,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,519

5,102

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,419

5,002

SHAREHOLDERS' FUNDS

22,519

5,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 24th May 2018 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st March 2017

and 28th February 2018

21,363

AMORTISATION

At 1st March 2017

16,762

Charge for year

3,160

At 28th February 2018

19,922

NET BOOK VALUE

At 28th February 2018

1,441

At 28th February 2017

4,601

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2017

12,245

Additions

1,520

At 28th February 2018

13,765

DEPRECIATION

At 1st March 2017

9,550

Charge for year

1,625

At 28th February 2018

11,175

NET BOOK VALUE

At 28th February 2018

2,590

At 28th February 2017

2,695

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

16,802

21,783

Other debtors

4,165

5,976

20,967

27,759

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,602

7,027

Taxation and social security

10,190

17,388

Other creditors

31,315

30,925

48,107

55,340

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Kinton.