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Registered number: 07798329
Blue Tomato POP Limited
Financial Statements
For The Year Ended 31 December 2024
MWR Accountants
Chartered Certified Accountants
First Floor Blackdown House
Blackbrook Business Park
Taunton
TA1 2PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07798329
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,020 4,026
3,020 4,026
CURRENT ASSETS
Stocks 5 4,429 328
Debtors 6 63,496 20,467
Cash at bank and in hand 10,320 12,012
78,245 32,807
Creditors: Amounts Falling Due Within One Year 7 (62,435 ) (24,351 )
NET CURRENT ASSETS (LIABILITIES) 15,810 8,456
TOTAL ASSETS LESS CURRENT LIABILITIES 18,830 12,482
Creditors: Amounts Falling Due After More Than One Year 8 (17,825 ) (11,198 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (574 ) (765 )
NET ASSETS 431 519
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 331 419
SHAREHOLDERS' FUNDS 431 519
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For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M R Bell
Director
24 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Blue Tomato POP Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07798329 . The registered office is C/O Mwr Accountants First Floor Blackdown House, Blackbrook Business Park, Taunton, Somerset, TA1 2PX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 14,601
As at 31 December 2024 14,601
Depreciation
As at 1 January 2024 10,575
Provided during the period 1,006
As at 31 December 2024 11,581
Net Book Value
As at 31 December 2024 3,020
As at 1 January 2024 4,026
5. Stocks
2024 2023
£ £
Work in progress 4,429 328
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 575 2,153
Other debtors 62,921 18,314
63,496 20,467
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,296 10,597
Bank loans and overdrafts 7,196 8,171
Other creditors 26,620 3,515
Taxation and social security 5,323 2,068
62,435 24,351
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,825 11,198
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Michael Bell 18,314 46,319 18,314 - 46,319
The above loan is unsecured, interest free and repayable on demand.
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