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Registered number: 04739296
Tropica Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Tropica Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Tropica Limited
Statement of Financial Position
As At 31 May 2025
Statement of Financial Position
Registered number: 04739296

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,991 |  | 4,606
|  |  | 3,991 |  | 4,606
CURRENT ASSETS
Stocks |  | 25,668 |  | 26,593 |
Debtors | 5 | 7,161 |  | 7,049 |
Cash at bank and in hand |  | 27,974 |  | 13,666 |
|  | 60,803 |  | 47,308 |
Creditors: Amounts Falling Due Within One Year | 6 | (57,331 ) |  | (54,230 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,472 |  | (6,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 7,463 |  | (2,316 )
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (15,018 ) |  | (20,883 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (759 ) |  | -
NET LIABILITIES |  |  | (8,314 ) |  | (23,199 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1 |  | 1
Income Statement |  |  | (8,315 ) |  | (23,200 )
SHAREHOLDERS' FUNDS |  |  | (8,314) |  | (23,199)

Page 1
Page 2
Tropica Limited
Statement of Financial Position (continued)
As At 31 May 2025
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr Luke Akroyd Director
11 February 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Tropica Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Tropica Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04739296 . The registered office is Moorland Nurseries, Forest Moor Road, Knaresborough, North Yorkshire, HG5 8JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 15% on reducing balance

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
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Page 4
Tropica Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 June 2024 | 8,993 | 21,708 | 30,701
Additions | - | 417 | 417
As at 31 May 2025 | 8,993 | 22,125 | 31,118
Depreciation
As at 1 June 2024 | 6,069 | 20,026 | 26,095
Provided during the period | 731 | 301 | 1,032
As at 31 May 2025 | 6,800 | 20,327 | 27,127
Net Book Value
As at 31 May 2025 | 2,193 | 1,798 | 3,991
As at 1 June 2024 | 2,924 | 1,682 | 4,606

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 7,161 |  | 7,049

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 35,880 |  | 36,668
Bank loans and overdrafts | 2,085 |  | 3,105
Other creditors | 186 |  | 4,133
Taxation and social security | 19,180 |  | 10,324
| 57,331 |  | 54,230

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 348 |  | 2,500
Other creditors | 14,670 |  | 18,383
| 15,018 |  | 20,883

8. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | - |  | 1,141

Page 4
Page 5
Tropica Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

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