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POPLAR DESIGN & BUILD LTD

Registered Number
SC564968
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

POPLAR DESIGN & BUILD LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Kenneth Morris

Registered Address

Newark Road North
Eastfield Industrial Estate
Glenrothes
KY7 4NT

Registered Number

SC564968 (Scotland)
POPLAR DESIGN & BUILD LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,3078,690
6,3078,690
Current assets
Debtors412,9105,962
Cash at bank and on hand5,4788,542
18,38814,504
Creditors amounts falling due within one year5(677,218)(654,747)
Net current assets (liabilities)(658,830)(640,243)
Total assets less current liabilities(652,523)(631,553)
Creditors amounts falling due after one year6(16,442)(25,609)
Net assets(668,965)(657,162)
Capital and reserves
Called up share capital100100
Profit and loss account(669,065)(657,262)
Shareholders' funds(668,965)(657,162)
The financial statements were approved and authorised for issue by the Director on 18 November 2024, and are signed on its behalf by:
Kenneth Morris
Director
Registered Company No. SC564968
POPLAR DESIGN & BUILD LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will continue to support the company as required.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee 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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles25-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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 items. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 232,23623,75575226,743
Disposals(736)--(736)
At 31 March 241,50023,75575226,007
Depreciation and impairment
At 01 April 231,77616,2383918,053
Charge for year1151,8802502,245
On disposals(598)--(598)
At 31 March 241,29318,11828919,700
Net book value
At 31 March 242075,6374636,307
At 31 March 234607,5177138,690
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,2895,700
Prepayments and accrued income621262
Total12,9105,962
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables628,609627,653
Bank borrowings and overdrafts10,00010,000
Taxation and social security22,85015,071
Other creditors3,4143
Accrued liabilities and deferred income12,3452,020
Total677,218654,747
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts16,44225,609
Total16,44225,609