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REGISTERED NUMBER: 05776163 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2022

for

POPPI RED LIMITED

POPPI RED LIMITED (Registered number: 05776163)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


POPPI RED LIMITED

Company Information
for the Year Ended 30 June 2022







Directors: Mrs K Merrick
Mr O A D Merrick





Registered office: Poppi Red
Main Street
Hawkshead
Ambleside
Cumbria
LA22 0NT





Registered number: 05776163 (England and Wales)





Accountants: Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
POPPI RED LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of POPPI RED LIMITED for the year ended 30 June 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of POPPI RED LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of POPPI RED LIMITED and state those matters that we have agreed to state to the Board of Directors of POPPI RED LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that POPPI RED LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of POPPI RED LIMITED. You consider that POPPI RED LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of POPPI RED LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND


8 August 2024

POPPI RED LIMITED (Registered number: 05776163)

Balance Sheet
30 June 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Intangible assets 4 20,000 20,000
Tangible assets 5 7,542 7,064
27,542 27,064

Current assets
Stocks 25,800 25,000
Debtors 6 78,879 151,806
Cash at bank 21 2,490
104,700 179,296
Creditors
Amounts falling due within one year 7 83,202 144,770
Net current assets 21,498 34,526
Total assets less current liabilities 49,040 61,590

Creditors
Amounts falling due after more than one
year

8

(48,284

)

(50,000

)

Provisions for liabilities (630 ) (1,342 )
Net assets 126 10,248

Capital and reserves
Called up share capital 9 2 2
Retained earnings 124 10,246
Shareholders' funds 126 10,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

POPPI RED LIMITED (Registered number: 05776163)

Balance Sheet - continued
30 June 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr O A D Merrick - Director


POPPI RED LIMITED (Registered number: 05776163)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. Statutory information

POPPI RED LIMITED 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of nil 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - straight line over 3 years

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 Statement of Income and Retained Earnings, 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.


POPPI RED LIMITED (Registered number: 05776163)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

2. Accounting policies - continued
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.

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 23 (2021 - 19 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2021
and 30 June 2022 20,000
Net book value
At 30 June 2022 20,000
At 30 June 2021 20,000

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 July 2021 9,198 34,529 - 43,727
Additions - 1,031 991 2,022
At 30 June 2022 9,198 35,560 991 45,749
Depreciation
At 1 July 2021 7,598 29,065 - 36,663
Charge for year 240 974 330 1,544
At 30 June 2022 7,838 30,039 330 38,207
Net book value
At 30 June 2022 1,360 5,521 661 7,542
At 30 June 2021 1,600 5,464 - 7,064

POPPI RED LIMITED (Registered number: 05776163)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

6. Debtors: amounts falling due within one year
2022 2021
£    £   
Other debtors 78,879 151,806

7. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 24,692 8,399
Trade creditors 23,485 40,685
Taxation and social security 29,775 54,749
Other creditors 5,250 40,937
83,202 144,770

8. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans 48,284 50,000

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2