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REGISTERED NUMBER: 13488107 (England and Wales)










Unaudited Financial Statements

for the Period 1 August 2022 to 31 October 2023

for

POP CAM LTD

POP CAM LTD (REGISTERED NUMBER: 13488107)






Contents of the Financial Statements
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POP CAM LTD

Company Information
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023







DIRECTORS: Mrs Z H Close
E Hassan





REGISTERED OFFICE: 30 Hawley Crescent
Camden
London
NW1 8NP





REGISTERED NUMBER: 13488107 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

POP CAM LTD (REGISTERED NUMBER: 13488107)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,974 9,474
Property, plant and equipment 5 67,937 66,512
74,911 75,986

CURRENT ASSETS
Inventories 15,967 15,654
Debtors 6 743,308 263,204
Cash at bank and in hand 41,433 77,063
800,708 355,921
CREDITORS
Amounts falling due within one year 7 397,864 389,766
NET CURRENT ASSETS/(LIABILITIES) 402,844 (33,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,755

42,141

CAPITAL AND RESERVES
Called up share capital 200 110
Retained earnings 477,555 42,031
477,755 42,141

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

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 28 July 2024 and were signed on its behalf by:





E Hassan - Director


POP CAM LTD (REGISTERED NUMBER: 13488107)

Notes to the Financial Statements
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023

1. STATUTORY INFORMATION

Pop Cam 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 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

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.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery20% on reducing balance
Furniture and fittings20% on reducing balance
Computer equipmen20% on reducing balance

Inventory
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

POP CAM LTD (REGISTERED NUMBER: 13488107)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the period 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 period 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.

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 period was 33 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 October 2023 10,000
AMORTISATION
At 1 August 2022 526
Charge for period 2,500
At 31 October 2023 3,026
NET BOOK VALUE
At 31 October 2023 6,974
At 31 July 2022 9,474

POP CAM LTD (REGISTERED NUMBER: 13488107)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 5,000 15,486 49,675 - 70,161
Additions - 21,515 - 1,723 23,238
Disposals (5,000 ) - - - (5,000 )
At 31 October 2023 - 37,001 49,675 1,723 88,399
DEPRECIATION
At 1 August 2022 333 703 2,613 - 3,649
Charge for period - 5,164 11,766 216 17,146
Eliminated on disposal (333 ) - - - (333 )
At 31 October 2023 - 5,867 14,379 216 20,462
NET BOOK VALUE
At 31 October 2023 - 31,134 35,296 1,507 67,937
At 31 July 2022 4,667 14,783 47,062 - 66,512

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 20,184
Amounts owed by group undertakings 647,367 160,079
Amounts owed by connected companies 19,300 -
Other debtors 76,641 82,941
743,308 263,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,048 39,246
Amounts owed to group undertakings 77,648 85,724
Taxation and social security 258,258 99,297
Other creditors 12,910 165,499
397,864 389,766

8. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £1,000 (2022: £119,358) due to the
director of the company. The loan is interest free.

Included in debtors, amount falling due within one year, is an amount of £19,300 (2022: £Nil) due from a connected companies. The loan is interest free and repayable on demand.

Included in debtors, amount falling due within one year, is an amount of £647,367 (2022: £160,079) due from a group undertakings. The loan is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £77,648 (2022: £85,724) due to a group undertakings. The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent is MADEN GROUP LTD, incorporated in England and Wales. The ultimate controlling parties are the shareholders of Maden Group Ltd by virtue of their holding in the parent company.