Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 3504418 Mr N Madlani Mrs N Madlani Mr N Madlani Mr N Madlani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3504418 2022-12-31 3504418 2023-12-31 3504418 2023-01-01 2023-12-31 3504418 frs-core:CurrentFinancialInstruments 2023-12-31 3504418 frs-core:FurnitureFittings 2023-12-31 3504418 frs-core:FurnitureFittings 2023-01-01 2023-12-31 3504418 frs-core:FurnitureFittings 2022-12-31 3504418 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 3504418 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 3504418 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 3504418 frs-core:MotorVehicles 2023-12-31 3504418 frs-core:MotorVehicles 2023-01-01 2023-12-31 3504418 frs-core:MotorVehicles 2022-12-31 3504418 frs-core:OtherResidualIntangibleAssets 2023-12-31 3504418 frs-core:OtherResidualIntangibleAssets 2022-12-31 3504418 frs-core:PlantMachinery 2023-12-31 3504418 frs-core:PlantMachinery 2023-01-01 2023-12-31 3504418 frs-core:PlantMachinery 2022-12-31 3504418 frs-core:ShareCapital 2023-12-31 3504418 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 3504418 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 3504418 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 3504418 frs-bus:SmallEntities 2023-01-01 2023-12-31 3504418 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 3504418 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 3504418 1 2023-01-01 2023-12-31 3504418 frs-bus:Director1 2023-01-01 2023-12-31 3504418 frs-bus:Director2 2023-01-01 2023-12-31 3504418 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 3504418 frs-core:CurrentFinancialInstruments 1 2023-12-31 3504418 frs-countries:EnglandWales 2023-01-01 2023-12-31 3504418 2021-12-31 3504418 2022-12-31 3504418 2022-01-01 2022-12-31 3504418 frs-core:CurrentFinancialInstruments 2022-12-31 3504418 frs-core:ShareCapital 2022-12-31 3504418 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 3504418 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 3504418
POPAT LEISURE LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3504418
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,838 18,838
Tangible Assets 5 690,154 738,015
708,992 756,853
CURRENT ASSETS
Stocks 6 44,687 47,046
Debtors 7 1,037,100 1,037,100
Cash at bank and in hand 3,541,418 3,023,319
4,623,205 4,107,465
Creditors: Amounts Falling Due Within One Year 8 (431,643 ) (458,170 )
NET CURRENT ASSETS (LIABILITIES) 4,191,562 3,649,295
TOTAL ASSETS LESS CURRENT LIABILITIES 4,900,554 4,406,148
NET ASSETS 4,900,554 4,406,148
CAPITAL AND RESERVES
Called up share capital 9 2,598 2,598
Profit and Loss Account 4,897,956 4,403,550
SHAREHOLDERS' FUNDS 4,900,554 4,406,148
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Madlani
Director
11 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
POPAT LEISURE LIMITED Registered number 3504418 is a limited by shares company incorporated in England & Wales. The Registered Office is HIGH GABLE, HAZEL GROVE, ORPINGTON, KENT, B6R 8LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 175 (2022: 165)
175 165
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 36,950
As at 31 December 2023 36,950
Amortisation
As at 1 January 2023 18,112
As at 31 December 2023 18,112
Net Book Value
As at 31 December 2023 18,838
As at 1 January 2023 18,838
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 328,885 38,888 21,104 1,032,483 1,421,360
As at 31 December 2023 328,885 38,888 21,104 1,032,483 1,421,360
Depreciation
As at 1 January 2023 58,828 37,208 14,005 573,304 683,345
Provided during the period - 168 1,775 45,918 47,861
As at 31 December 2023 58,828 37,376 15,780 619,222 731,206
Net Book Value
As at 31 December 2023 270,057 1,512 5,324 413,261 690,154
As at 1 January 2023 270,057 1,680 7,099 459,179 738,015
6. Stocks
2023 2022
£ £
Stock 44,687 47,046
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 37,100 37,100
Other debtors (1) 1,000,000 1,000,000
1,037,100 1,037,100
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 159,968 173,441
Other creditors 271,675 284,729
431,643 458,170
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,598 2,598
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr N Madlani by virtue of his ownership of 100% of the issued share capital in the company.
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