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REGISTERED NUMBER: 04221521 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2022

for

Officepod Limited

Officepod Limited (Registered number: 04221521)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Officepod Limited

Company Information
for the Year Ended 31 May 2022







DIRECTORS: M A Smith
S G Tanner
B Southward
M Muehleisen





SECRETARY: S G Tanner





REGISTERED OFFICE: Woodside House
22 Guildown Avenue
Woodside Park
London
N12 7DQ





REGISTERED NUMBER: 04221521 (England and Wales)





ACCOUNTANTS: Stuart Harris Associates
Chartered Certified Accountants
and Statutory Auditors
Woodside House
22 Guildown Avenue
Woodside Park
London
N12 7DQ

Officepod Limited (Registered number: 04221521)

Balance Sheet
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,900 44,523
Tangible assets 5 - -
29,900 44,523

CURRENT ASSETS
Stocks - 12,340
Debtors 6 337,719 367,236
Cash at bank - 80
337,719 379,656
CREDITORS
Amounts falling due within one year 7 283,822 313,138
NET CURRENT ASSETS 53,897 66,518
TOTAL ASSETS LESS CURRENT LIABILITIES 83,797 111,041

CAPITAL AND RESERVES
Called up share capital 42,329 41,472
Share premium 2,274,316 2,244,549
Retained earnings (2,232,848 ) (2,174,980 )
SHAREHOLDERS' FUNDS 83,797 111,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

Officepod Limited (Registered number: 04221521)

Balance Sheet - continued
31 May 2022


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 29 November 2023 and were signed on its behalf by:





S G Tanner - Director


Officepod Limited (Registered number: 04221521)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Officepod Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Intellectual property
Intellectual property is being written off in equal instalments over its estimated economic life of 4 years.

Development expenditure
Development expenditure is being amortised at 20% per annum on a straight line basis.

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 etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


Officepod Limited (Registered number: 04221521)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

2. ACCOUNTING POLICIES - continued
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.

Research and development
Development expenditure is being amortised at 20% per annum on a straight line basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2021
and 31 May 2022 738,183
AMORTISATION
At 1 June 2021 693,660
Charge for year 14,623
At 31 May 2022 708,283
NET BOOK VALUE
At 31 May 2022 29,900
At 31 May 2021 44,523

Officepod Limited (Registered number: 04221521)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2021
and 31 May 2022 124
DEPRECIATION
At 1 June 2021
and 31 May 2022 124
NET BOOK VALUE
At 31 May 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade debtors - 39,661
Other debtors 337,719 327,575
337,719 367,236

Included in other debtors is a deferred tax asset of £336,799 (2021 : 326,655) in respect of trading losses carried forward.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts 68,557 72,596
Trade creditors 19,812 38,779
Taxation and social security 63,778 47,882
Other creditors 131,675 153,881
283,822 313,138

8. DEFERRED TAX
£   
Balance at 1 June 2021 (326,655 )
Provided during year (10,144 )
Balance at 31 May 2022 (336,799 )

Officepod Limited

Report of the Accountants to the Directors of
Officepod Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2022 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Stuart Harris Associates
Chartered Certified Accountants
and Statutory Auditors
Woodside House
22 Guildown Avenue
Woodside Park
London
N12 7DQ


29 November 2023