Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseRetail of sports good, fishing gear, camping goods, boats and bicycles108truetruefalse 13151745 2024-01-01 2024-12-31 13151745 2023-01-01 2023-12-31 13151745 2024-12-31 13151745 2023-12-31 13151745 c:Director1 2024-01-01 2024-12-31 13151745 d:MotorVehicles 2024-01-01 2024-12-31 13151745 d:MotorVehicles 2024-12-31 13151745 d:MotorVehicles 2023-12-31 13151745 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13151745 d:OfficeEquipment 2024-01-01 2024-12-31 13151745 d:OfficeEquipment 2024-12-31 13151745 d:OfficeEquipment 2023-12-31 13151745 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13151745 d:ComputerEquipment 2024-01-01 2024-12-31 13151745 d:ComputerEquipment 2024-12-31 13151745 d:ComputerEquipment 2023-12-31 13151745 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13151745 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13151745 d:Goodwill 2024-01-01 2024-12-31 13151745 d:Goodwill 2024-12-31 13151745 d:Goodwill 2023-12-31 13151745 d:CurrentFinancialInstruments 2024-12-31 13151745 d:CurrentFinancialInstruments 2023-12-31 13151745 d:Non-currentFinancialInstruments 2024-12-31 13151745 d:Non-currentFinancialInstruments 2023-12-31 13151745 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13151745 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13151745 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13151745 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13151745 d:ShareCapital 2024-12-31 13151745 d:ShareCapital 2023-12-31 13151745 d:RetainedEarningsAccumulatedLosses 2024-12-31 13151745 d:RetainedEarningsAccumulatedLosses 2023-12-31 13151745 c:FRS102 2024-01-01 2024-12-31 13151745 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13151745 c:FullAccounts 2024-01-01 2024-12-31 13151745 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13151745 d:BetweenOneFiveYears 2024-12-31 13151745 d:BetweenOneFiveYears 2023-12-31 13151745 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 13151745 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 13151745 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 13151745 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 13151745 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 13151745 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 13151745 d:LeasedAssetsHeldAsLessee 2024-12-31 13151745 d:LeasedAssetsHeldAsLessee 2023-12-31 13151745 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 13151745 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 13151745









PREPPERS SHOP UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PREPPERS SHOP UK LTD
REGISTERED NUMBER: 13151745

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
390,000
455,000

Tangible assets
 6 
260
15,088

  
390,260
470,088

Current assets
  

Stocks
  
171,332
107,520

Debtors: amounts falling due within one year
 7 
12,250
28,773

Cash at bank and in hand
 8 
3,943
8,109

  
187,525
144,402

Creditors: amounts falling due within one year
 9 
(816,850)
(919,738)

Net current liabilities
  
 
 
(629,325)
 
 
(775,336)

Total assets less current liabilities
  
(239,065)
(305,248)

Creditors: amounts falling due after more than one year
 10 
(401)
(6,339)

  

Net liabilities
  
(239,466)
(311,587)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(239,566)
(311,687)

  
(239,466)
(311,587)


Page 1

 
PREPPERS SHOP UK LTD
REGISTERED NUMBER: 13151745
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers 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 director acknowledges his 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 profit and loss account 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 by: 




L Miles
Director

Date: 11 August 2025

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

Page 2

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Preppers Shop UK Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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 company meets its day to day working capital requirements through a Directors loan. The Directors intend to continue to support the company. As a result they have adopted the going concern basis of accounting.

 
2.3

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.

 
2.4

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.

Page 3

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 4

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Motor vehicles
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

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.

 
2.9

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 balance sheet 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and e xpenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 8).


5.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
650,000



At 31 December 2024

650,000



Amortisation


At 1 January 2024
195,000


Charge for the year on owned assets
65,000



At 31 December 2024

260,000



Net book value



At 31 December 2024
390,000



At 31 December 2023
455,000



Page 6

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
44,586
10,550
13,000
68,136



At 31 December 2024

44,586
10,550
13,000
68,136



Depreciation


At 1 January 2024
33,440
7,652
11,956
53,048


Charge for the year on owned assets
11,147
2,637
1,044
14,828



At 31 December 2024

44,587
10,289
13,000
67,876



Net book value



At 31 December 2024
(1)
261
-
260



At 31 December 2023
11,146
2,898
1,044
15,088

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
5,323

-
5,323


7.


Debtors

2024
2023
£
£


Trade debtors
-
1,129

Other debtors
12,250
27,644

12,250
28,773


Page 7

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,943
8,109

3,943
8,109



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
154,453
200,328

Corporation tax
-
13,315

Other taxation and social security
65,226
44,523

Obligations under finance lease and hire purchase contracts
4,812
4,812

Other creditors
589,084
653,640

Accruals and deferred income
3,275
3,120

816,850
919,738



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
401
6,339

401
6,339



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,812
4,812

Between 1-5 years
401
6,339

5,213
11,151

Page 8

 
PREPPERS SHOP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Later than 1 year and not later than 5 years
196,000
131,175

196,000
131,175


13.


Related party transactions

At the balance sheet date the company owed the director £557,668 (2023: £643,418). The loan was nterest-free and repayable on demand.

Page 9