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REGISTERED NUMBER: NI612810 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Popa Wheelie Ltd

Popa Wheelie Ltd (Registered number: NI612810)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Popa Wheelie Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs S Robinson
J Robinson





SECRETARY: Mrs S Robinson





REGISTERED OFFICE: 26 The Square
Moy
Dungannon
Co. Tyrone
BT71 7SG





REGISTERED NUMBER: NI612810 (Northern Ireland)





ACCOUNTANTS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

Popa Wheelie Ltd (Registered number: NI612810)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,398 25,591

CURRENT ASSETS
Stocks 439,620 441,327
Debtors 5 25,108 24,256
Cash in hand 300 300
465,028 465,883
CREDITORS
Amounts falling due within one year 6 363,498 361,340
NET CURRENT ASSETS 101,530 104,543
TOTAL ASSETS LESS CURRENT LIABILITIES 121,928 130,134

CREDITORS
Amounts falling due after more than one year 7 (58,079 ) (38,978 )

PROVISIONS FOR LIABILITIES (3,876 ) (4,894 )
NET ASSETS 59,973 86,262

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,873 86,162
59,973 86,262

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

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

Popa Wheelie Ltd (Registered number: NI612810)

Balance Sheet - continued
31 August 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 30 August 2024 and were signed on its behalf by:




Mrs S Robinson - Director



J Robinson - Director


Popa Wheelie Ltd (Registered number: NI612810)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Popa Wheelie Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 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.

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 year was 4 (2022 - 4 ) .

Popa Wheelie Ltd (Registered number: NI612810)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 2,228 53,443 20,803 76,474
Additions - 1,623 - 1,623
At 31 August 2023 2,228 55,066 20,803 78,097
DEPRECIATION
At 1 September 2022 2,088 32,928 15,867 50,883
Charge for year 47 5,535 1,234 6,816
At 31 August 2023 2,135 38,463 17,101 57,699
NET BOOK VALUE
At 31 August 2023 93 16,603 3,702 20,398
At 31 August 2022 140 20,515 4,936 25,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 24,427 7,238
VAT - 64
Prepayments and accrued income 681 16,954
25,108 24,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 16,618 19,743
Other loans 39,218 10,000
Bounce back loan 10,044 10,644
Hire purchase contracts 286 2,120
Trade creditors 58,895 77,279
Tax - 6,992
VAT 1,589 -
Other creditors 52,079 35,624
Directors' current accounts 184,769 198,938
363,498 361,340

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other loans 34,383 5,834
Bounce Back loan 23,696 33,144
58,079 38,978