Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseNo description of principal activity1618truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00486886 2023-12-01 2024-11-30 00486886 2022-12-01 2023-11-30 00486886 2024-11-30 00486886 2023-11-30 00486886 c:Director1 2023-12-01 2024-11-30 00486886 d:Buildings 2023-12-01 2024-11-30 00486886 d:Buildings d:LongLeaseholdAssets 2023-12-01 2024-11-30 00486886 d:Buildings d:LongLeaseholdAssets 2024-11-30 00486886 d:Buildings d:LongLeaseholdAssets 2023-11-30 00486886 d:PlantMachinery 2023-12-01 2024-11-30 00486886 d:PlantMachinery 2024-11-30 00486886 d:PlantMachinery 2023-11-30 00486886 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00486886 d:MotorVehicles 2023-12-01 2024-11-30 00486886 d:MotorVehicles 2024-11-30 00486886 d:MotorVehicles 2023-11-30 00486886 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00486886 d:OfficeEquipment 2023-12-01 2024-11-30 00486886 d:OfficeEquipment 2024-11-30 00486886 d:OfficeEquipment 2023-11-30 00486886 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00486886 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00486886 d:CurrentFinancialInstruments 2024-11-30 00486886 d:CurrentFinancialInstruments 2023-11-30 00486886 d:Non-currentFinancialInstruments 2024-11-30 00486886 d:Non-currentFinancialInstruments 2023-11-30 00486886 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 00486886 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 00486886 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 00486886 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 00486886 d:ShareCapital 2024-11-30 00486886 d:ShareCapital 2023-11-30 00486886 d:CapitalRedemptionReserve 2024-11-30 00486886 d:CapitalRedemptionReserve 2023-11-30 00486886 d:RevaluationReserve 2024-11-30 00486886 d:RevaluationReserve 2023-11-30 00486886 d:RetainedEarningsAccumulatedLosses 2024-11-30 00486886 d:RetainedEarningsAccumulatedLosses 2023-11-30 00486886 c:FRS102 2023-12-01 2024-11-30 00486886 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 00486886 c:FullAccounts 2023-12-01 2024-11-30 00486886 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 00486886 5 2023-12-01 2024-11-30 00486886 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 00486886









POPLAR PRODUCTS (LEEDS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
POPLAR PRODUCTS (LEEDS) LIMITED
REGISTERED NUMBER: 00486886

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
390,409
421,619

  
390,409
421,619

Current assets
  

Stocks
  
152,939
146,214

Debtors: amounts falling due within one year
 6 
389,755
462,319

Cash at bank and in hand
 7 
244,478
161,093

  
787,172
769,626

Creditors: amounts falling due within one year
 8 
(341,291)
(346,224)

Net current assets
  
 
 
445,881
 
 
423,402

Total assets less current liabilities
  
836,290
845,021

Creditors: amounts falling due after more than one year
 9 
(6,160)
(16,514)

  

Net assets
  
830,130
828,507


Capital and reserves
  

Called up share capital 
  
3,850
3,850

Revaluation reserve
  
357,113
379,953

Capital redemption reserve
  
3,850
3,850

Profit and loss account
  
465,317
440,854

  
830,130
828,507


Page 1

 
POPLAR PRODUCTS (LEEDS) LIMITED
REGISTERED NUMBER: 00486886

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 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 on 28 August 2025.




Charles Hooton
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
POPLAR PRODUCTS (LEEDS) LIMITED
 

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

1.


General information

The company is a private company limited by shares and registered in England and Wales. The
company's registered number and registered office address can be found on the Company
Information page.

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.

 
2.2

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.

 
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

Operating leases: the Company as lessee

.Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Page 3

 
POPLAR PRODUCTS (LEEDS) LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.


3.


       Pensions

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.

 
3.1

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
3.2

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

 
POPLAR PRODUCTS (LEEDS) LIMITED
 

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

2.Accounting policies (continued)


3.2
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:

Land and buildings
-
28 years straight line
Plant and machinery
-
20% Reducing Balance
Motor vehicles
-
25% Reducing Balance
Office equipment
-
Between 20% Reducing Balance and 3 years 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.

 
3.3

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
3.4

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.

 
3.5

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

 
POPLAR PRODUCTS (LEEDS) LIMITED
 

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

2.Accounting policies (continued)

 
3.6

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.

 
3.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
3.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


4.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 18).

Page 6

 
POPLAR PRODUCTS (LEEDS) LIMITED
 

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

5.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2023
650,000
169,477
119,110
59,078
997,665



At 30 November 2024

650,000
169,477
119,110
59,078
997,665



Depreciation


At 1 December 2023
258,558
162,362
96,138
58,988
576,046


Charge for the year on owned assets
23,530
1,892
5,744
44
31,210



At 30 November 2024

282,088
164,254
101,882
59,032
607,256



Net book value



At 30 November 2024
367,912
5,223
17,228
46
390,409



At 30 November 2023
391,442
7,115
22,972
90
421,619

Cost or valuation at 30 November 2024 is as follows:

Land and buildings
£


At cost
650,000
At valuation:

-



650,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
650,000
650,000

Accumulated depreciation
10,799
11,490

Net book value
660,799
661,490

Page 7

 
POPLAR PRODUCTS (LEEDS) LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
316,529
307,687

Other debtors
26,700
110,365

Prepayments and accrued income
18,726
19,270

Deferred taxation
27,800
24,997

389,755
462,319



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
244,478
161,093

244,478
161,093



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
185,824
174,461

Other taxation and social security
45,436
53,589

Other creditors
110,031
118,174

341,291
346,224



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
6,160
16,514

6,160
16,514



10.


Prior year adjustment

In respect of these Financial Statements the comparative Statement of Financial Position has had an additional £29,504 of costs, which has affected the reported profit position by the same figure.


Page 8