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REGISTERED NUMBER: 12570472 (England and Wales)



















BAPPCO LTD
T/A
THE CANOPY SHOP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,848 96,277
Tangible assets 5 12,826 3,444
118,674 99,721

CURRENT ASSETS
Debtors 6 19,101 59,379
Cash at bank 107,605 164,337
126,706 223,716
CREDITORS
Amounts falling due within one year 7 123,114 147,385
NET CURRENT ASSETS 3,592 76,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,266

176,052

PROVISIONS FOR LIABILITIES 2,437 654
NET ASSETS 119,829 175,398

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 119,827 175,396
SHAREHOLDERS' FUNDS 119,829 175,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mr Andrew Lucas - Director


BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Bappco Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12570472

Registered office: 6 Canberra House
Corby Gate Business Park
Priors Haw Road
Corby
Northamptonshire
NN17 5JG

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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from sales of plastic building materials and is recognised when the goods are delivered to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

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.

The website is being amortised evenly over it's estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 10% on cost
Computer equipment - 25% on reducing balance

BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 7 (2023 - 6 ) .

BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 May 2023 122,284
Additions 23,610
At 30 April 2024 145,894
AMORTISATION
At 1 May 2023 26,007
Amortisation for year 14,039
At 30 April 2024 40,046
NET BOOK VALUE
At 30 April 2024 105,848
At 30 April 2023 96,277

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 May 2023 - - 5,369 5,369
Additions 6,564 3,875 - 10,439
At 30 April 2024 6,564 3,875 5,369 15,808
DEPRECIATION
At 1 May 2023 - - 1,925 1,925
Charge for year 165 32 860 1,057
At 30 April 2024 165 32 2,785 2,982
NET BOOK VALUE
At 30 April 2024 6,399 3,843 2,584 12,826
At 30 April 2023 - - 3,444 3,444

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,505 2,121
Other debtors 10,596 57,258
19,101 59,379

BAPPCO LTD (REGISTERED NUMBER: 12570472)
T/A THE CANOPY SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 4,615 1,812
Trade creditors 88,471 74,349
Taxation and social security 20,345 37,887
Other creditors 9,683 33,337
123,114 147,385

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £79,000 (2023 - £34,000) were paid to the directors .

At the balance sheet date, £467 (2023 - £15,038) was owed to the director, Mr A Lucas, and £4,699 (2023 - £15,049) was owed to the director, Mrs A Lucas.

The Internet Shop Limited
A company under the control of Mr A Lucas and Mrs A Lucas.

Amount due from the related party at the balance sheet date: £1,185 (2023 - £17,360).

No interest is payable on the loan and there are no agreed repayment terms.