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REGISTERED NUMBER: SC551531 (Scotland)


















Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Clan Pods Limited

Clan Pods Limited (Registered number: SC551531)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clan Pods Limited

Company Information
for the Year Ended 30 November 2021







DIRECTOR: G Stuart





REGISTERED OFFICE: Chapelshade House
78 - 84 Bell Street
Dundee
DD1 1RQ





REGISTERED NUMBER: SC551531 (Scotland)





ACCOUNTANTS: MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
ANGUS
DD1 1RQ

Clan Pods Limited (Registered number: SC551531)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,526 190,803

CURRENT ASSETS
Stocks 55,000 135,000
Debtors 5 3,047 4,745
Cash at bank 21,032 14,230
79,079 153,975
CREDITORS
Amounts falling due within one year 6 142,808 148,622
NET CURRENT (LIABILITIES)/ASSETS (63,729 ) 5,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,797

196,156

CREDITORS
Amounts falling due after more than one
year

7

(244,000

)

(201,000

)

PROVISIONS FOR LIABILITIES (26,624 ) (31,566 )
NET LIABILITIES (158,827 ) (36,410 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (158,829 ) (36,412 )
SHAREHOLDERS' FUNDS (158,827 ) (36,410 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Clan Pods Limited (Registered number: SC551531)

Balance Sheet - continued
30 November 2021


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 2 August 2022 and were signed by:





G Stuart - Director


Clan Pods Limited (Registered number: SC551531)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Clan Pods Limited is a private company, limited by shares , registered in Scotland. 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.

These accounts have been prepared on the going concern basis. There was a net deficiency of assets of £158,827 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.

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.

Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Clan Pods Limited (Registered number: SC551531)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Sheds and Plant and Motor Computer
workshops machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2020 24,666 203,031 21,995 2,012 251,704
Additions 10,733 9,001 - - 19,734
At 30 November 2021 35,399 212,032 21,995 2,012 271,438
DEPRECIATION
At 1 December 2020 - 48,161 10,733 2,007 60,901
Charge for year - 32,755 2,252 4 35,011
At 30 November 2021 - 80,916 12,985 2,011 95,912
NET BOOK VALUE
At 30 November 2021 35,399 131,116 9,010 1 175,526
At 30 November 2020 24,666 154,870 11,262 5 190,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 3,047 4,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 5,315 163
Other creditors 137,493 148,459
142,808 148,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 244,000 201,000