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REGISTERED NUMBER: 09426275 (England and Wales)












POP PRODUCTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POP PRODUCTS LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: T O Shrive
C D Hickman
S Bennet





REGISTERED OFFICE: Chronicle House
Fleet Street
London
EC4Y 1HY





REGISTERED NUMBER: 09426275 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 240,795 240,795
Tangible assets 5 - -
240,795 240,795

CURRENT ASSETS
Debtors 6 10,796 10,796
Cash at bank 10 10
10,806 10,806
CREDITORS
Amounts falling due within one year 7 (30,360 ) (30,360 )
NET CURRENT LIABILITIES (19,554 ) (19,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,241

221,241

CAPITAL AND RESERVES
Called up share capital 8 2,207 2,207
Share premium 9 419,233 419,233
Retained earnings 9 (200,199 ) (200,199 )
SHAREHOLDERS' FUNDS 221,241 221,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

BALANCE SHEET - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





T O Shrive - Director


POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Pop Products Ltd 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.

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.

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.

Patents are being amortised evenly over their estimated useful life of twenty years.

Trademark licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Research and development
Where the Directors consider that the expenditure on development meet the necessary criteria, the expenditure will be deferred to future periods. Amortisation will commence on commercial production.

Deferral is appropriate where:
- there is a clearly defined project,
- related expenditure is separately identifiable,
- the project is considered technically feasible and commercially viable.

In all other instances expenditure on research and development is written off in the year in which it is incurred.

Going concern justification
The company has experienced difficult trading conditions. During the period the company has continued to trade with the support of the directors. The directors are confident that the company will realise the anticipated sales and therefore feel that it is appropriate to adopt the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 8,875 279,630 288,505
AMORTISATION
At 1 March 2023
and 29 February 2024 4,764 42,946 47,710
NET BOOK VALUE
At 29 February 2024 4,111 236,684 240,795
At 28 February 2023 4,111 236,684 240,795

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 1,960
DEPRECIATION
At 1 March 2023
and 29 February 2024 1,960
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,796 10,796

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 26,710 26,710
Accrued expenses 3,650 3,650
30,360 30,360

POP PRODUCTS LTD (REGISTERED NUMBER: 09426275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,207 Ordinary 1 2,207 2,207

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 (200,199 ) 419,233 219,034
Profit for the year - -
At 29 February 2024 (200,199 ) 419,233 219,034