Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 2025-01-01 false Retail of sports good, fishing gear, camping goods, boats and bicycles 8 10 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13151745 2025-01-01 2025-12-31 13151745 2024-01-01 2024-12-31 13151745 2025-12-31 13151745 2024-12-31 13151745 c:Director1 2025-01-01 2025-12-31 13151745 d:MotorVehicles 2025-01-01 2025-12-31 13151745 d:MotorVehicles 2025-12-31 13151745 d:MotorVehicles 2024-12-31 13151745 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13151745 d:OfficeEquipment 2025-01-01 2025-12-31 13151745 d:OfficeEquipment 2025-12-31 13151745 d:OfficeEquipment 2024-12-31 13151745 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13151745 d:ComputerEquipment 2025-01-01 2025-12-31 13151745 d:ComputerEquipment 2025-12-31 13151745 d:ComputerEquipment 2024-12-31 13151745 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13151745 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13151745 d:Goodwill 2025-01-01 2025-12-31 13151745 d:Goodwill 2025-12-31 13151745 d:Goodwill 2024-12-31 13151745 d:ComputerSoftware 2025-12-31 13151745 d:ComputerSoftware 2024-12-31 13151745 d:CurrentFinancialInstruments 2025-12-31 13151745 d:CurrentFinancialInstruments 2024-12-31 13151745 d:Non-currentFinancialInstruments 2025-12-31 13151745 d:Non-currentFinancialInstruments 2024-12-31 13151745 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 13151745 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13151745 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 13151745 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13151745 d:ShareCapital 2025-12-31 13151745 d:ShareCapital 2024-12-31 13151745 d:RetainedEarningsAccumulatedLosses 2025-12-31 13151745 d:RetainedEarningsAccumulatedLosses 2024-12-31 13151745 c:FRS102 2025-01-01 2025-12-31 13151745 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13151745 c:FullAccounts 2025-01-01 2025-12-31 13151745 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13151745 d:WithinOneYear 2025-12-31 13151745 d:WithinOneYear 2024-12-31 13151745 d:BetweenOneFiveYears 2025-12-31 13151745 d:BetweenOneFiveYears 2024-12-31 13151745 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 13151745 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 13151745 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 13151745 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 13151745 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2025-01-01 2025-12-31 13151745 d:InternallyGeneratedIntangibleAssets 2025-01-01 2025-12-31 13151745 d:Goodwill d:OwnedIntangibleAssets 2025-01-01 2025-12-31 13151745 d:ComputerSoftware d:OwnedIntangibleAssets 2025-01-01 2025-12-31 13151745 e:PoundSterling 2025-01-01 2025-12-31 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 2025
PREPPERS SHOP UK LTD REGISTERED NUMBER: 13151745 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 344,052 |  | 390,000
Tangible assets | 6 |  | 2,351 |  | 260
|  |  | 346,403 |  | 390,260
Current assets |  |  |  |  |
Stocks |  | 295,385 |  | 171,332 |
Debtors: amounts falling due within one year | 7 | 24,677 |  | 12,250 |
Cash at bank and in hand | 8 | 220 |  | 3,943 |
|  | 320,282 |  | 187,525 |
Creditors: amounts falling due within one year | 9 | (403,013) |  | (816,850) |
Net current liabilities |  |  | (82,731) |  | (629,325)
Total assets less current liabilities |  |  | 263,672 |  | (239,065)
Creditors: amounts falling due after more than one year | 10 |  | (438,839) |  | (401)
Net liabilities |  |  | (175,167) |  | (239,466)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (175,267) |  | (239,566)
|  |  | (175,167) |  | (239,466)
Page 1
PREPPERS SHOP UK LTD REGISTERED NUMBER: 13151745 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 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: 16 February 2026
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 2025
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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
PREPPERS SHOP UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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 2025 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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.
| 2.13 | 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 2025
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 8 (2024 - 10).
5. | Intangible assets
|  | Computer software | Goodwill | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | - | 650,000 | 650,000
| Additions - internal | 23,815 | - | 23,815
| At 31 December 2025 | 23,815 | 650,000 | 673,815
| Amortisation |  |  |
| At 1 January 2025 | - | 260,000 | 260,000
| Charge for the year on owned assets | 4,763 | 65,000 | 69,763
| At 31 December 2025 | 4,763 | 325,000 | 329,763
| Net book value |  |  |
| At 31 December 2025 | 19,052 | 325,000 | 344,052
| At 31 December 2024 | - | 390,000 | 390,000
Page 6
PREPPERS SHOP UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 44,586 | 10,550 | 13,000 | 68,136
| Additions | - | 2,194 | 725 | 2,919
| At 31 December 2025 | 44,586 | 12,744 | 13,725 | 71,055
| Depreciation |  |  |  |
| At 1 January 2025 | 44,587 | 10,289 | 13,000 | 67,876
| Charge for the year on owned assets | 808 | - | 20 | 828
| At 31 December 2025 | 45,395 | 10,289 | 13,020 | 68,704
| Net book value |  |  |  |
| At 31 December 2025 | (809) | 2,455 | 705 | 2,351
| At 31 December 2024 | (1) | 261 | - | 260
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 42 | -
| Other debtors | 24,635 | 12,250
|  | 24,677 | 12,250
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 220 | 3,943
| Less: bank overdrafts | (14,120) | -
|  | (13,900) | 3,943
Page 7
PREPPERS SHOP UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 14,120 | -
| Trade creditors | 161,612 | 154,453
| Corporation tax | 38,060 | -
| Other taxation and social security | 113,596 | 65,226
| Obligations under finance lease and hire purchase contracts | - | 4,812
| Other creditors | 72,225 | 589,084
| Accruals and deferred income | 3,400 | 3,275
|  | 403,013 | 816,850
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | - | 401
| Other creditors | 438,839 | -
|  | 438,839 | 401
11. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | - | 4,812
| Between 1-5 years | - | 401
|  | - | 5,213
Page 8
PREPPERS SHOP UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 49,000 | 49,000
| Later than 1 year and not later than 5 years | 98,000 | 147,000
|  | 147,000 | 196,000
13. | Related party transactions
| At the balance sheet date the company owed the director £478,839 (2024: £557,668). The loan is repayable on specific terms, as agreed with the director.
Page 9