REGISTERED NUMBER: 05656600 (England and Wales)

POP-UP PRODUCTS LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A G Blomeley

N W T Woodger

REGISTERED OFFICE:

Unit E1

Tenth Avenue

Deeside Industrial Park

Deeside

CH5 2UA

REGISTERED NUMBER:

05656600 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the development and supply of low level access products.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

A G Blomeley

N W T Woodger

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A G Blomeley - Director

24 September 2025

TURNOVER

8,902,555

10,215,455

Cost of sales

6,669,626

7,772,500

GROSS PROFIT

2,232,929

2,442,955

Administrative expenses

1,029,930

988,818

OPERATING PROFIT

4

1,202,999

1,454,137

Interest receivable and similar income

8,426

5,123

1,211,425

1,459,260

Interest payable and similar expenses

13,163

11,595

PROFIT BEFORE TAXATION

1,198,262

1,447,665

Tax on profit

308,060

351,662

PROFIT FOR THE FINANCIAL YEAR

890,202

1,096,003

Retained earnings at beginning of year

1,778,889

1,538,370

Dividends

(546,586

)

(855,484

)

RETAINED EARNINGS AT END OF YEAR

2,122,505

1,778,889

FIXED ASSETS

Intangible assets

5

1

1

Tangible assets

6

74,970

107,797

74,971

107,798

CURRENT ASSETS

Stocks

1,009,567

884,511

Debtors

7

2,443,184

2,387,181

Cash at bank and in hand

141,332

60,142

3,594,083

3,331,834

CREDITORS

Amounts falling due within one year

8

1,509,154

1,610,113

NET CURRENT ASSETS

2,084,929

1,721,721

TOTAL ASSETS LESS CURRENT LIABILITIES

2,159,900

1,829,519

CREDITORS

Amounts falling due after more than one year

9

(18,651

)

(23,680

)

PROVISIONS FOR LIABILITIES

(18,743

)

(26,949

)

NET ASSETS

2,122,506

1,778,890

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

2,122,505

1,778,889

SHAREHOLDERS' FUNDS

2,122,506

1,778,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

A G Blomeley - Director

1.	STATUTORY INFORMATION

Pop-Up Products Limited is a private company, limited by shares , 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced sales of goods despatched, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Tooling

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

36,257

45,873

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Tooling

Totals

£

£

£

£

£

COST

At 1 January 2024

41,869

100,295

39,988

427,259

609,411

Additions

-

4,545

-

4,689

9,234

Disposals

-

(19,647

)

-

-

(19,647

)

At 31 December 2024

41,869

85,193

39,988

431,948

598,998

DEPRECIATION

At 1 January 2024

12,851

100,295

39,988

348,480

501,614

Charge for year

5,804

1,295

-

34,962

42,061

Eliminated on disposal

-

(19,647

)

-

-

(19,647

)

At 31 December 2024

18,655

81,943

39,988

383,442

524,028

NET BOOK VALUE

At 31 December 2024

23,214

3,250

-

48,506

74,970

At 31 December 2023

29,018

-

-

78,779

107,797

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

29,018

DEPRECIATION

Charge for year

5,804

At 31 December 2024

5,804

NET BOOK VALUE

At 31 December 2024

23,214

At 31 December 2023

29,018

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,920,041

1,843,741

Amounts owed by group undertakings

21,137

21,137

Directors' current accounts

400,000

300,000

Prepayments and accrued income

102,006

222,303

2,443,184

2,387,181

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

5,071

11,141

Trade creditors

417,580

360,597

Corporation tax

316,266

364,584

Social security and other taxes

29,540

37,260

Value added tax

211,972

239,407

Other creditors

371,511

262,392

Accruals and deferred income

157,214

334,732

1,509,154

1,610,113

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

18,651

23,680

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

23,722

34,821

Invoice finance

371,511

262,392

395,233

297,213

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A G Blomeley

Balance outstanding at start of year

150,000

-

Amounts advanced

258,291

210,244

Amounts repaid

(208,291

)

(60,244

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

200,000

150,000

N W T Woodger

Balance outstanding at start of year

150,000

-

Amounts advanced

258,291

210,244

Amounts repaid

(208,291

)

(60,244

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

200,000

150,000

13.	ULTIMATE CONTROLLING PARTY