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REGISTERED NUMBER: 09426275 (England and Wales)












POP PRODUCTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POP PRODUCTS LTD

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTORS: T O Shrive
C D Hickman
S Bennet





REGISTERED OFFICE: Chronicle House
Fleet Street
London
EC4Y 1HY





REGISTERED NUMBER: 09426275 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 240,795 241,682
Tangible assets 5 - -
240,795 241,682

CURRENT ASSETS
Debtors 6 10,796 10,797
Cash at bank 10 10
10,806 10,807
CREDITORS
Amounts falling due within one year 7 (30,360 ) (30,010 )
NET CURRENT LIABILITIES (19,554 ) (19,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,241

222,479

CAPITAL AND RESERVES
Called up share capital 8 2,207 2,207
Share premium 9 419,233 419,233
Retained earnings 9 (200,199 ) (198,961 )
SHAREHOLDERS' FUNDS 221,241 222,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

BALANCE SHEET - continued
28 February 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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





T O Shrive - Director


POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Pop Products 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.

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.

Patents are being amortised evenly over their estimated useful life of twenty years.

Trademark licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Research and development
Where the Directors consider that the expenditure on development meet the necessary criteria, the expenditure will be deferred to future periods. Amortisation will commence on commercial production.

Deferral is appropriate where:
- there is a clearly defined project,
- related expenditure is separately identifiable,
- the project is considered technically feasible and commercially viable.

In all other instances expenditure on research and development is written off in the year in which it is incurred.

Going concern justification
The company has experienced difficult trading conditions. During the period the company has continued to trade with the support of the directors. The directors are confident that the company will realise the anticipated sales and therefore feel that it is appropriate to adopt the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 8,875 279,630 288,505
AMORTISATION
At 1 March 2022 3,877 42,946 46,823
Amortisation for year 887 - 887
At 28 February 2023 4,764 42,946 47,710
NET BOOK VALUE
At 28 February 2023 4,111 236,684 240,795
At 28 February 2022 4,998 236,684 241,682

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 1,960
DEPRECIATION
At 1 March 2022
and 28 February 2023 1,960
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,796 10,797

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 26,710 26,710
Accrued expenses 3,650 3,300
30,360 30,010

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,207 Ordinary 1 2,207 2,207

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2022 (198,961 ) 419,233 220,272
Deficit for the year (1,238 ) (1,238 )
At 28 February 2023 (200,199 ) 419,233 219,034