| THE PAPERSHOP LTD |
| Registered number: |
05505928 |
| Abbreviated Balance Sheet |
| as at 31 July 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
212 |
|
|
292 |
|
| Current assets |
| Stocks |
|
|
26,250 |
|
|
28,500 |
| Debtors |
|
|
500 |
|
|
- |
| Cash at bank and in hand |
|
|
563 |
|
|
19,083 |
|
|
|
27,313 |
|
|
47,583 |
|
| Creditors: amounts falling due within one year |
|
|
(37,350) |
|
|
(24,283) |
|
| Net current (liabilities)/assets |
|
|
|
(10,037) |
|
|
23,300 |
|
| Net (liabilities)/assets |
|
|
|
(9,825) |
|
|
23,592 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
40,000 |
| Profit and loss account |
|
|
|
(9,826) |
|
|
(16,408) |
|
| Shareholder's funds |
|
|
|
(9,825) |
|
|
23,592 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| L Irving |
| Director |
| Approved by the board on 19 April 2016 |
|
| THE PAPERSHOP LTD |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% straight line |
|
Motor vehicles |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
3,041 |
|
Disposals |
(70) |
|
At 31 July 2015 |
2,971 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
2,749 |
|
Charge for the year |
71 |
|
On disposals |
(61) |
|
At 31 July 2015 |
2,759 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
212 |
|
At 31 July 2014 |
292 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
40,000 |
|
|
|
|
|
|
|
|
|
