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REGISTERED NUMBER: 09380372 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PODCAST WEBSITES LTD

PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PODCAST WEBSITES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr M A Asquith
Mr K C McKeefery



REGISTERED OFFICE: 12 Victoria Road
Barnsley
S70 2BB



REGISTERED NUMBER: 09380372 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Santander
3 Queen Street
Barnsley
South Yorkshire
S70 1RJ

PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,813 11,254
9,813 11,254

CURRENT ASSETS
Debtors 6 1,650 5,557
Cash at bank 39,457 43,831
41,107 49,388
CREDITORS
Amounts falling due within one year 7 10,403 9,161
NET CURRENT ASSETS 30,704 40,227
TOTAL ASSETS LESS CURRENT LIABILITIES 40,517 51,481

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 40,417 51,381
SHAREHOLDERS' FUNDS 40,517 51,481

PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)

BALANCE SHEET - continued
31 JANUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mr M A Asquith - Director


PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Podcast Websites 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

This is the first year that the company has presented its financial statements under Financial Reporting Standard 102 (FRS102) issued by the financial Reporting Council. The last financial statements for the year ended 31 January 2017 were prepared under the previous UK GAAP, and the transition date to FRS102 is therefore 1 February 2016. At the date of transition, no adjustments were required.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

When the outcome of a transaction can be estimated reliably, turnover from digital services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to receipt of subscription fees.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Development Expenditure - 2 years

Provision is made for any impairment.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2022
and 31 January 2023 5,380
AMORTISATION
At 1 February 2022
and 31 January 2023 5,380
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 February 2022 32,363
Additions 4,682
At 31 January 2023 37,045
DEPRECIATION
At 1 February 2022 21,109
Charge for year 6,123
At 31 January 2023 27,232
NET BOOK VALUE
At 31 January 2023 9,813
At 31 January 2022 11,254

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
VAT 1,650 5,557

PODCAST WEBSITES LTD (REGISTERED NUMBER: 09380372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Corporation tax - 1,177
Other creditors 81 -
Directors' current accounts 8,322 6,094
Accruals and deferred income 2,000 1,890
10,403 9,161

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100