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Registration number: 15172689

Poppies Bar Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Period from 28 September 2023 to 30 September 2024

 

Poppies Bar Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Poppies Bar Limited

Company Information

Directors

Mrs Rebecca Louise Hipkiss

Mr Peter Hipkiss

Registered office

10 Station Road
Burry Port
Wales
SA16 0LR
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Poppies Bar Limited

(Registration number: 15172689)
Balance Sheet as at 30 September 2024

Note

30 September
2024
£

Fixed assets

 

Tangible assets

4

32,764

Current assets

 

Stocks

5

9,658

Debtors

6

3,291

Cash at bank and in hand

 

8,276

 

21,225

Creditors: Amounts falling due within one year

7

(124,702)

Net current liabilities

 

(103,477)

Net liabilities

 

(70,713)

Capital and reserves

 

Called up share capital

8

10

Retained earnings

(70,723)

Shareholders' deficit

 

(70,713)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

 

Poppies Bar Limited

(Registration number: 15172689)
Balance Sheet as at 30 September 2024

.........................................
Mr Peter Hipkiss
Director

 

Poppies Bar Limited

Notes to the Unaudited Financial Statements
for the Period from 28 September 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
10 Station Road
Burry Port
Wales
SA16 0LR
Wales

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Poppies Bar Limited

Notes to the Unaudited Financial Statements
for the Period from 28 September 2023 to 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Motor Vehicles

20% Reducing Balance

Fixtures & Fittings

15% Reducing Balance

Plant & Machinery

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Poppies Bar Limited

Notes to the Unaudited Financial Statements
for the Period from 28 September 2023 to 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 9.

 

Poppies Bar Limited

Notes to the Unaudited Financial Statements
for the Period from 28 September 2023 to 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

13,629

3,500

21,255

38,384

At 30 September 2024

13,629

3,500

21,255

38,384

Depreciation

Charge for the period

2,540

700

2,380

5,620

At 30 September 2024

2,540

700

2,380

5,620

Carrying amount

At 30 September 2024

11,089

2,800

18,875

32,764

5

Stocks

30 September
2024
£

Other inventories

9,658

6

Debtors

Current

30 September
2024
£

Prepayments

3,230

Other debtors

61

 

3,291

7

Creditors

Creditors: amounts falling due within one year

 

Poppies Bar Limited

Notes to the Unaudited Financial Statements
for the Period from 28 September 2023 to 30 September 2024

Note

30 September
2024
£

Due within one year

 

Trade creditors

 

11,446

Owed by/(from) group undertakings

91,680

Accruals and deferred income

 

16,566

Other creditors

 

5,010

 

124,702

8

Share capital

Allotted, called up and fully paid shares

30 September
2024

No.

£

Ordinary of £1 each

10

10