Supadupa Me Limited

(Registration number: 07859186)
Balance Sheet as at 30 December 2024

......................................... Mr G Schragger Director

Supadupa Me Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1	General information

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

The address of its registered office is:
10 Malton Road
London
W10 5UP

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Supadupa Me Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Plant and machinery	25% reducing balance
Office equipment	50% straight line

Development expenditure

In the research phase of a project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Development expenditure	10% straight line

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.

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.

Supadupa Me Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Financial instruments

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

Supadupa Me Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

4	Intangible assets

	Development expenditure £	Total £
Cost or valuation
At 31 December 2023	1,797,832	1,797,832
At 30 December 2024	1,797,832	1,797,832
Amortisation
At 31 December 2023	716,911	716,911
Amortisation charge	179,783	179,783
At 30 December 2024	896,694	896,694
Carrying amount
At 30 December 2024	901,138	901,138
At 30 December 2023	1,080,921	1,080,921

Supadupa Me Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

5	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 31 December 2023	625	34,041	34,666
Additions	-	8,162	8,162
Disposals	-	(34,041)	(34,041)
At 30 December 2024	625	8,162	8,787
Depreciation
At 31 December 2023	369	24,172	24,541
Charge for the year	64	4,081	4,145
Eliminated on disposal	-	(24,172)	(24,172)
At 30 December 2024	433	4,081	4,514
Carrying amount
At 30 December 2024	192	4,081	4,273
At 30 December 2023	256	9,869	10,125

6

Debtors

Current	2024 £	2023 £
Trade debtors	10,094	7,653
Prepayments	1,269	1,619
Other debtors	-	4,991
	11,363	14,263

7

Taxation

A deferred tax asset of £495,363 (2023: £350,064) has not been recognised due to the uncertainty over the timing of future trading profits.

Supadupa Me Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	166,173	36,483
Trade creditors		8,263	32,053
Taxation and social security		38,621	51,162
Other creditors		11,192	36,383
		224,249	156,081
Due after one year
Loans and borrowings	9	8,645	15,834

Creditors: amounts falling due after more than one year

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,834	15,834
Other borrowings	2,811	-
	8,645	15,834

	2024 £	2023 £
Current loans and borrowings
Bank borrowings	10,000	10,000
Directors' loan accounts	156,173	26,483
	166,173	36,483