REGISTERED NUMBER: 07990298 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Poppy's Funerals Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms P Mardall

REGISTERED OFFICE:

The Gatehouse Lambeth Cemetery

Blackshaw Road

London

SW17 0BY

REGISTERED NUMBER:

07990298 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Tangible assets

4

176,867

78,652

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

5

116,152

114,994

Cash at bank and in hand

592,614

596,393

718,766

721,387

CREDITORS

Amounts falling due within one year

6

275,299

242,770

NET CURRENT ASSETS

443,467

478,617

TOTAL ASSETS LESS CURRENT LIABILITIES

620,334

557,269

CAPITAL AND RESERVES

Called up share capital

110

110

Other reserves

15,369

8,886

Retained earnings

604,855

548,273

620,334

557,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2026 and were signed by:

Ms P Mardall - Director

1.	STATUTORY INFORMATION

Poppy's Funerals Ltd. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% 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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2025 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

27,638

180,655

16,161

Additions

69,509

37,849

13,316

Impairments

(8,800

)

-

-

At 31 March 2026

88,347

218,504

29,477

DEPRECIATION

At 1 April 2025

7,288

154,945

10,116

Charge for year

8,835

19,433

5,884

Impairments

(3,520

)

-

-

At 31 March 2026

12,603

174,378

16,000

NET BOOK VALUE

At 31 March 2026

75,744

44,126

13,477

At 31 March 2025

20,350

25,710

6,045

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

105,024

32,407

361,885

Additions

29,027

8,606

158,307

Impairments

-

-

(8,800

)

At 31 March 2026

134,051

41,013

511,392

DEPRECIATION

At 1 April 2025

89,344

21,540

283,233

Charge for year

12,488

8,172

54,812

Impairments

-

-

(3,520

)

At 31 March 2026

101,832

29,712

334,525

NET BOOK VALUE

At 31 March 2026

32,219

11,301

176,867

At 31 March 2025

15,680

10,867

78,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

19,197

36,290

Other debtors

96,955

78,704

116,152

114,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

108,642

110,845

Taxation and social security

24,611

21,832

Other creditors

142,046

110,093

275,299

242,770

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

88,883

58,534

Between one and five years

383,000

174,000

In more than five years

310,480

81,480

782,363

314,014

8.	SHARE-BASED PAYMENT TRANSACTIONS

Number of Share Options

Number of Share Options

2026

2025

Number

Number

Outstanding at 1 April

123,094

125,694

Options issued

5,500

3,400

Options cancelled

(1,000

)

(6,000

)

Outstanding 31 March

127,594

123,094

Exercisable at 31 March

-

-

Inputs to the Black-Scholes model were as follows:

2026

2025

Weighted average share price

0.32

0.29

Weighted average exercise price

0.12

0.12

Expected volatility

75

75

Expected life

10

10

Risk free rate

4.75

4.72

The company operates an Enterprise Management Incentive (EMI) share option scheme for qualifying employees. Options are equity-settled and are subject to specified vesting conditions.

During the year, the company recognised a charge of £6,483 (2025: £6,696) which related to equity settled share based payment transactions.