Acorah Software Products - Accounts Production 16.4.660 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05327540 Mr Huw Morgan Mr Thomas Morgan Michelle Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05327540 2024-01-31 05327540 2025-01-31 05327540 2024-02-01 2025-01-31 05327540 frs-core:CurrentFinancialInstruments 2025-01-31 05327540 frs-core:Non-currentFinancialInstruments 2025-01-31 05327540 frs-core:ComputerEquipment 2025-01-31 05327540 frs-core:ComputerEquipment 2024-02-01 2025-01-31 05327540 frs-core:ComputerEquipment 2024-01-31 05327540 frs-core:FurnitureFittings 2025-01-31 05327540 frs-core:FurnitureFittings 2024-02-01 2025-01-31 05327540 frs-core:FurnitureFittings 2024-01-31 05327540 frs-core:NetGoodwill 2025-01-31 05327540 frs-core:NetGoodwill 2024-02-01 2025-01-31 05327540 frs-core:NetGoodwill 2024-01-31 05327540 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 05327540 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 05327540 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 05327540 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 05327540 frs-core:MotorVehicles 2025-01-31 05327540 frs-core:MotorVehicles 2024-02-01 2025-01-31 05327540 frs-core:MotorVehicles 2024-01-31 05327540 frs-core:PlantMachinery 2025-01-31 05327540 frs-core:PlantMachinery 2024-02-01 2025-01-31 05327540 frs-core:PlantMachinery 2024-01-31 05327540 frs-core:ShareCapital 2025-01-31 05327540 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05327540 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05327540 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05327540 frs-bus:SmallEntities 2024-02-01 2025-01-31 05327540 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05327540 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05327540 frs-bus:Director1 2024-02-01 2025-01-31 05327540 frs-bus:Director2 2024-02-01 2025-01-31 05327540 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 05327540 frs-countries:EnglandWales 2024-02-01 2025-01-31 05327540 2023-01-31 05327540 2024-01-31 05327540 2023-02-01 2024-01-31 05327540 frs-core:CurrentFinancialInstruments 2024-01-31 05327540 frs-core:Non-currentFinancialInstruments 2024-01-31 05327540 frs-core:BetweenOneFiveYears 2024-01-31 05327540 frs-core:WithinOneYear 2024-01-31 05327540 frs-core:ShareCapital 2024-01-31 05327540 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 05327540
Top Pops Wholesaler Of Soft Drinks Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05327540
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,800 17,600
Tangible Assets 5 105,724 80,312
114,524 97,912
CURRENT ASSETS
Stocks 6 89,066 137,978
Debtors 7 189,915 225,787
Cash at bank and in hand 256,113 115,237
535,094 479,002
Creditors: Amounts Falling Due Within One Year 8 (357,122 ) (399,662 )
NET CURRENT ASSETS (LIABILITIES) 177,972 79,340
TOTAL ASSETS LESS CURRENT LIABILITIES 292,496 177,252
Creditors: Amounts Falling Due After More Than One Year 9 (52,153 ) (72,312 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,088 ) (15,260 )
NET ASSETS 220,255 89,680
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 220,254 89,679
SHAREHOLDERS' FUNDS 220,255 89,680
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For the year ending 31 January 2025 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 Huw Morgan
Director
10 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Top Pops Wholesaler Of Soft Drinks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05327540 . The registered office is Unit 1 Ynyscedwyn Industrial Estate, Ystradgynlais, Swansea, West Glamorgan, SA9 1DT.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of 20 years.
2.5. 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:
Leasehold 2% Straight Line
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 15% Reducing Balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 16)
16 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 176,000
As at 31 January 2025 176,000
Amortisation
As at 1 February 2024 158,400
Provided during the period 8,800
As at 31 January 2025 167,200
Net Book Value
As at 31 January 2025 8,800
As at 1 February 2024 17,600
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2024 58,974 10,009 60,328 37,161
Additions - - - 32,729
As at 31 January 2025 58,974 10,009 60,328 69,890
Depreciation
As at 1 February 2024 8,256 10,009 42,228 30,180
Provided during the period 1,179 - 4,525 1,612
As at 31 January 2025 9,435 10,009 46,753 31,792
Net Book Value
As at 31 January 2025 49,539 - 13,575 38,098
As at 1 February 2024 50,718 - 18,100 6,981
Computer Equipment Total
£ £
Cost
As at 1 February 2024 12,055 178,527
Additions 762 33,491
As at 31 January 2025 12,817 212,018
Depreciation
As at 1 February 2024 7,542 98,215
Provided during the period 763 8,079
As at 31 January 2025 8,305 106,294
Net Book Value
As at 31 January 2025 4,512 105,724
As at 1 February 2024 4,513 80,312
6. Stocks
2025 2024
£ £
Stock 89,066 137,978
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 188,923 224,881
Other debtors 992 906
189,915 225,787
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 901
Trade creditors 136,172 138,375
Bank loans and overdrafts 13,295 13,295
Other creditors 122,357 154,952
Taxation and social security 85,298 92,139
357,122 399,662
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 5,000
Bank loans 52,153 67,312
52,153 72,312
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 901
Later than one year and not later than five years - 5,000
- 5,901
- 5,901
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
12. Pension Commitments
The company operates a defined contribution pension scheme for their employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £478 (2023: £1,186) were due to the fund. They are included in Other Creditors.
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