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REGISTERED NUMBER: NI650605 (Northern Ireland)















OUTER SPACE PODS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






OUTER SPACE PODS LTD (REGISTERED NUMBER: NI650605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


OUTER SPACE PODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: G D McAleer



REGISTERED OFFICE: 108a Melmount Road
Sion Mills
STRABANE
Co. Tyrone
BT82 9PY



REGISTERED NUMBER: NI650605 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
6 Shipquay Place
LONDONDERRY
Co. Londonderry
BT48 6DF



SOLICITORS: Hampson Harvey
47 Clarendon Street
Londonderry
Co. Londonderry
BT48 7ER

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OUTER SPACE PODS LTD

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 January 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


Date: .............................................

OUTER SPACE PODS LTD (REGISTERED NUMBER: NI650605)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,904 4,376

CURRENT ASSETS
Stocks 15,600 38,895
Debtors 5 3,750 21,680
Cash at bank 14,574 1,880
33,924 62,455
CREDITORS
Amounts falling due within one year 6 32,826 37,775
NET CURRENT ASSETS 1,098 24,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,002

29,056

CREDITORS
Amounts falling due after more than one
year

7

51,026

49,632
NET LIABILITIES (46,024 ) (20,576 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (46,025 ) (20,577 )
SHAREHOLDERS' FUNDS (46,024 ) (20,576 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

OUTER SPACE PODS LTD (REGISTERED NUMBER: NI650605)

BALANCE SHEET - continued
31 JANUARY 2024


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 24 April 2024 and were signed by:





G D McAleer - Director


OUTER SPACE PODS LTD (REGISTERED NUMBER: NI650605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Outer Space Pods Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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

Plant & machinery - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OUTER SPACE PODS LTD (REGISTERED NUMBER: NI650605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant &
machinery
£   
COST
At 1 February 2023 19,286
Additions 1,233
At 31 January 2024 20,519
DEPRECIATION
At 1 February 2023 14,910
Charge for year 1,705
At 31 January 2024 16,615
NET BOOK VALUE
At 31 January 2024 3,904
At 31 January 2023 4,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,750 21,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,036 2,961
Trade creditors 5,727 3,389
Taxation and social security 7,132 14,454
Other creditors 16,931 16,971
32,826 37,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 4,698 7,734
Other creditors 46,328 41,898
51,026 49,632

OUTER SPACE PODS LTD (REGISTERED NUMBER: NI650605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 46,328 41,898

Repayable by instalments
Bank loans 4,698 7,734

8. RELATED PARTY DISCLOSURES

At the year end the company had a loan amounting to £46,328 from a member of key management personnel. (£41,898 at 31.01.2023)

There is no repayment date for this loan and interest is not currently being charged.

The loan is presented within creditors: amount falling due after more than one year.