Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30No description of principal activity652023-07-01false60truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10839666 2023-07-01 2024-06-30 10839666 2022-07-01 2023-06-30 10839666 2024-06-30 10839666 2023-06-30 10839666 c:Director4 2023-07-01 2024-06-30 10839666 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 10839666 d:Buildings d:LongLeaseholdAssets 2024-06-30 10839666 d:Buildings d:LongLeaseholdAssets 2023-06-30 10839666 d:PlantMachinery 2023-07-01 2024-06-30 10839666 d:PlantMachinery 2024-06-30 10839666 d:PlantMachinery 2023-06-30 10839666 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839666 d:MotorVehicles 2023-07-01 2024-06-30 10839666 d:MotorVehicles 2024-06-30 10839666 d:MotorVehicles 2023-06-30 10839666 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839666 d:FurnitureFittings 2023-07-01 2024-06-30 10839666 d:FurnitureFittings 2024-06-30 10839666 d:FurnitureFittings 2023-06-30 10839666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839666 d:ComputerEquipment 2023-07-01 2024-06-30 10839666 d:ComputerEquipment 2024-06-30 10839666 d:ComputerEquipment 2023-06-30 10839666 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839666 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839666 d:CurrentFinancialInstruments 2024-06-30 10839666 d:CurrentFinancialInstruments 2023-06-30 10839666 d:Non-currentFinancialInstruments 2024-06-30 10839666 d:Non-currentFinancialInstruments 2023-06-30 10839666 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10839666 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10839666 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10839666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10839666 d:ShareCapital 2024-06-30 10839666 d:ShareCapital 2023-06-30 10839666 d:CapitalRedemptionReserve 2024-06-30 10839666 d:CapitalRedemptionReserve 2023-06-30 10839666 d:RetainedEarningsAccumulatedLosses 2024-06-30 10839666 d:RetainedEarningsAccumulatedLosses 2023-06-30 10839666 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10839666 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10839666 c:FRS102 2023-07-01 2024-06-30 10839666 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10839666 c:FullAccounts 2023-07-01 2024-06-30 10839666 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10839666 2 2023-07-01 2024-06-30 10839666 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10839666









POPHAMS BAKERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
POPHAMS BAKERY LIMITED
REGISTERED NUMBER: 10839666

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
409,056
440,908

  
409,056
440,908

Current assets
  

Stocks
 5 
93,468
49,908

Debtors
 6 
123,054
153,517

Cash at bank and in hand
 7 
175,386
40,232

  
391,908
243,657

Creditors: amounts falling due within one year
 8 
(752,475)
(703,138)

Net current liabilities
  
 
 
(360,567)
 
 
(459,481)

Total assets less current liabilities
  
48,489
(18,573)

Creditors: amounts falling due after more than one year
 9 
(154,763)
(157,339)

Provisions for liabilities
  

Deferred taxation
  
(30,659)
-

  
 
 
(30,659)
 
 
-

Net liabilities
  
(136,933)
(175,912)


Capital and reserves
  

Called up share capital 
  
200,100
200,100

Capital redemption reserve
  
(16,000)
(16,000)

Profit and loss account
  
(321,033)
(360,012)

  
(136,933)
(175,912)


Page 1

 
POPHAMS BAKERY LIMITED
REGISTERED NUMBER: 10839666
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2025.




O Gold
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
POPHAMS BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Pophams Bakery Limited is a private company limited by shares and incorporated in England & Wales (registered number 10839666). The company's registered office is at 197 - 205 Richmond Road, London, E8 3NJ.
The principal activity of the company is that of running a bakery.
The financial statements have been presented in Sterling, which is the functional currency of the
company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is
dependent on the group companies and shareholders for financial support, which the directors are
confident will continue for a period of at least another 12 months following the approval of these
financial statements.
As at 30 June 2024, the Company had net liabilities of £136,933. The shareholders and directors have indicated their present intention to provide adequate finance to enable the company to continue in operational existence.
The financial statements do not reflect any adjustments that would result from a withdrawal of
financial support by the directors and shareholder, and accordingly the directors have continued to
prepare the financial statements on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
POPHAMS BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
POPHAMS BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
POPHAMS BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 65 (2023 - 60).

Page 6
 


 
POPHAMS BAKERY LIMITED


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


4.


Tangible fixed assets






Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 July 2023
674,347
157,287
24,135
117,260
9,823
982,852


Additions
59,494
33,805
-
6,971
1,656
101,926



At 30 June 2024

733,841
191,092
24,135
124,231
11,479
1,084,778



Depreciation


At 1 July 2023
342,509
95,490
24,135
75,557
4,252
541,943


Charge for the year on owned assets
100,551
20,268
-
11,347
1,613
133,779



At 30 June 2024

443,060
115,758
24,135
86,904
5,865
675,722



Net book value



At 30 June 2024
290,781
75,334
-
37,327
5,614
409,056



At 30 June 2023
331,838
61,797
-
41,703
5,570
440,908

Page 7
 
POPHAMS BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
93,468
49,908

93,468
49,908



6.


Debtors

2024
2023
£
£


Trade debtors
12,358
5,948

Other debtors
65,784
52,500

Called up share capital not paid
100
100

Prepayments
44,812
58,769

Deferred taxation
-
36,200

123,054
153,517



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
175,386
40,232

175,386
40,232



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
177,660
206,162

Other taxation and social security
194,165
126,927

Obligations under finance lease and hire purchase contracts
3,218
3,858

Other creditors
303,581
331,499

Accruals and deferred income
73,851
34,692

752,475
703,138


Page 8

 
POPHAMS BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
980
3,557

Other creditors
153,783
153,782

154,763
157,339



10.


Deferred taxation




2024


£






At beginning of year
36,200


Utilised in year
(66,859)



At end of year
(30,659)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(30,658)
36,200

(30,658)
36,200


11.


Share-based payments

On 8 April 2019, the Company commenced the operation of an Enterprise Management Incentive scheme (EMI). No shares have been granted during the year (2023: NIL). No options were exercised in the year (2023: NIL). As at 30 June 2024 8,035 (2023: 8,035) options remained in issue.
The total charge for the year relating to employee share based payment plans was £NIL in accordance with the provisions of FRS 102 (Section 1A).






 
Page 9