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Company Registration No. 12300529 (England and Wales)
THE BOP SHOP LTD Unaudited accounts for the year ended 31 March 2024
THE BOP SHOP LTD Unaudited accounts Contents
Page
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THE BOP SHOP LTD Company Information for the year ended 31 March 2024
Directors
Samuel Gasior Shona Satchwell-Hounsell
Company Number
12300529 (England and Wales)
Registered Office
UNIT 10 REAR OF 179 STRATFORD ROAD SHIRLEY SOLIHULL B90 3AU ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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THE BOP SHOP LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,583 
17,083 
Tangible assets
428 
- 
15,011 
17,083 
Current assets
Inventories
61,392 
47,852 
Debtors
5,841 
5,786 
Cash at bank and in hand
62,648 
78,023 
129,881 
131,661 
Creditors: amounts falling due within one year
(139,614)
(144,832)
Net current liabilities
(9,733)
(13,171)
Net assets
5,278 
3,912 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,276 
3,910 
Shareholders' funds
5,278 
3,912 
For the year ending 31 March 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Samuel Gasior Director Company Registration No. 12300529
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THE BOP SHOP LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
THE BOP SHOP LTD is a private company, limited by shares, registered in England and Wales, registration number 12300529. The registered office is UNIT 10 REAR OF 179 STRATFORD ROAD, SHIRLEY, SOLIHULL, B90 3AU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 year straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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THE BOP SHOP LTD Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
25,000 
At 31 March 2024
25,000 
Amortisation
At 1 April 2023
7,917 
Charge for the year
2,500 
At 31 March 2024
10,417 
Net book value
At 31 March 2024
14,583 
At 31 March 2023
17,083 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
497 
At 31 March 2024
497 
Depreciation
Charge for the year
69 
At 31 March 2024
69 
Net book value
At 31 March 2024
428 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,661 
5,606 
Other debtors
180 
180 
5,841 
5,786 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
656 
992 
Trade creditors
700 
4,884 
Taxes and social security
24,260 
20,482 
Loans from directors
113,998 
118,474 
139,614 
144,832 
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THE BOP SHOP LTD Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
7,313 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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