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REGISTERED NUMBER: 09902750 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

POPMATICK LTD

POPMATICK LTD (REGISTERED NUMBER: 09902750)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POPMATICK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTOR: O J Way





REGISTERED OFFICE: Newtown House, 38
Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 09902750 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

POPMATICK LTD (REGISTERED NUMBER: 09902750)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,906 9,485

CURRENT ASSETS
Stocks 28,000 40,000
Debtors 5 29,425 41,035
Cash at bank 2,786 24,091
60,211 105,126
CREDITORS
Amounts falling due within one year 6 53,402 68,729
NET CURRENT ASSETS 6,809 36,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,715

45,882

CREDITORS
Amounts falling due after more than one year 7 (20,934 ) (30,729 )

PROVISIONS FOR LIABILITIES (2,262 ) (1,802 )
NET (LIABILITIES)/ASSETS (4,481 ) 13,351

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (4,491 ) 13,341
SHAREHOLDERS' FUNDS (4,481 ) 13,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

POPMATICK LTD (REGISTERED NUMBER: 09902750)

BALANCE SHEET - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





O J Way - Director


POPMATICK LTD (REGISTERED NUMBER: 09902750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023


1. STATUTORY INFORMATION

Popmatick 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.

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 represents net sales of good and services excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
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.

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.

POPMATICK LTD (REGISTERED NUMBER: 09902750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 10,969 2,892 882 14,743
Additions 5,195 - 1,270 6,465
At 31 March 2023 16,164 2,892 2,152 21,208
DEPRECIATION
At 1 April 2022 3,338 1,699 221 5,258
Charge for year 3,207 299 538 4,044
At 31 March 2023 6,545 1,998 759 9,302
NET BOOK VALUE
At 31 March 2023 9,619 894 1,393 11,906
At 31 March 2022 7,631 1,193 661 9,485

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,800 41,035
Other debtors 625 -
29,425 41,035

POPMATICK LTD (REGISTERED NUMBER: 09902750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,733 10,938
Trade creditors 9,542 10,003
Taxation and social security (3,482 ) 17,806
Other creditors 36,609 29,982
53,402 68,729

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,934 30,729