Popoff_Mailing_and_Fulfil - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2020 the company was entitled to exemption from audit under section 477 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 financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Popoff Mailing and Fulfillment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Basepoint Business Centre, Unit 52, Metcalf Way, Crawley, West Sussex, RH11 7XX.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) section 1A and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company made a loss of £true521 (2019: £4,313) for the year and has net assets of £10,566 (2019: £11,087) at the year end of which £100,470 (2019: £100,470) is due to an entity under common control.

The company received assurances from the ultimate owners of the entity that these amounts will not be recalled until the company is in the position to repay them and that the company will receive further funding to cover its operating costs should it be necessary for a period no less than 12 months from the date of approval these accounts. As a result, the directors have prepared the accounts on a going concern basis.

Turnover represents amounts received from public contributions.

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The average monthly number of persons (excluding directors) employed by the company during the year was nil (2019: nil).

Included within debtors is an amount of £43,319 (2019: £82,145) due from Word for the World Ministries UK Limited and an amount of £61,426 (2019: £5,000) due from Word for the World Mailing and Fulfillment Limited, companies under common control. During the period the company charged management fees of £2,850 (2019: £56,426) to Word for the World Mailing and Fulfillment Limited.

Included within creditors is an amount of £100,470 (2019: £100,470) due to People United for Christ, a company under common control incorporated in the United States of America. During the year the company also incurred charges of £nil (2019: £23,962) in relation to consultancy costs.

The company is under the ultimate control of the directors.