1.
General Information
Popina Services Ltd
is a private company, limited by shares, incorporated in England & Wales. The Company's registered number and registered office can be found in 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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3.
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:
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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 years 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 assets reflect 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 and deferred tax are recognised in the Statement of Income & Retained Earnings for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2024: 60)
Popina Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 August 2024 |
|
|
|
| Additions |
|
|
|
| As at 31 July 2025 |
|
|
|
| Depreciation | |||
| As at 1 August 2024 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 July 2025 |
|
|
|
| Net Book Value | |||
| As at 31 July 2025 |
|
|
|
| As at 1 August 2024 |
|
|
|
5.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors | - |
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
| Called up share capital not paid |
|
|
|
| Inter-company loans |
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||
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Corporation tax |
|
|
|
| Other taxes and social security |
|
|
|
| VAT |
|
|
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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Popina Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans | - |
|
|
Popina Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9.
Secured Creditors
An analysis of the maturity of loan is given below:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Amounts falling due within one year or on demand:
|
|||
|
Bank loans
|
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9,767
|
|
|
Amounts falling due between one and two years:
|
|||
|
Bank loans - 1-2 years
|
|
9,767
|
|
|
Amounts falling due between two and five years:
|
|||
|
Bank loans - 2-5 years
|
|
378
|
10.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 August 2024 |
|
11,179 |
| Utilised |
( |
(2,362) |
| Balance at 31 July 2025 |
|
8,817 |
12.
Ultimate Controlling Party
The company's ultimate controlling party is
Mr A G Hayward-Wright
by virtue of his ownership of 100% of the issued share capital in the company.