POPPINS AGENCY LTD

POPPINS AGENCY LTD - Company Information

2020-02-282021-02-282021-02-28false12489665POPPINS AGENCY 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POPPINS AGENCY LTD

Registered Number
12489665
(England and Wales)

Unaudited Financial Statements for the Period Ended
28 February 2021

POPPINS AGENCY LTD

Company Information
for the period from 28 February 2020 to 28 February 2021


Directors	AKHAVAN-SAFA, Maani
	AVESTON, Huw


Registered Address	5th Floor 86 Jermyn Street
	St James'
	London
	SW1Y 6AW


Registered Number	12489665 (England and Wales)

POPPINS AGENCY LTD

Balance Sheet as at
28 February 2021

	Notes	2021
		£	£
Fixed assets
Tangible assets	4		10,958
			10,958
Current assets
Debtors		197,299
Cash at bank and on hand		42,973
		240,272
Creditors amounts falling due within one year	6	(139,793)
Net current assets (liabilities)			100,479
Total assets less current liabilities			111,437
Creditors amounts falling due after one year			(100,000)
Net assets			11,437
Capital and reserves
Called up share capital			10
Profit and loss account			11,427
Shareholders' funds			11,437

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 November 2021, and are signed on its behalf by:

AKHAVAN-SAFA, Maani
Director
Registered Company No. 12489665

POPPINS AGENCY LTD

Notes to the Financial Statements
for the period ended 28 February 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

3.	EMPLOYEE INFORMATION

		2021
	Average number of employees during the year	7

4.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	Additions	15,458
	At 28 February 21	15,459
	Depreciation and impairment
	Charge for year	4,500
	At 28 February 21	4,500
	Net book value
	At 28 February 21	10,958
	At 27 February 20	-

5.	DEBTORS WITHIN ONE YEAR
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

DEBTORS WITHIN ONE YEAR

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

		2021 £
	Trade debtors / trade receivables	187,289
	Other debtors	10
	Prepayments and accrued income	10,000
	Total	197,299

6.	CREDITORS WITHIN ONE YEAR
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

		2021 £
	Trade creditors / trade payables	116,765
	Taxation and social security	23,028
	Total	139,793