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REGISTERED NUMBER: 06831219 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

POD ARCHITECTS LTD

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POD ARCHITECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr P R Shedden
Mr J Bethel
Mr R P Shedden





SECRETARY: Romney Secretaries Limited





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 06831219 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 42,284 50,795

CURRENT ASSETS
Debtors 5 193,912 692,556
Cash at bank and in hand 539,922 556,411
733,834 1,248,967
CREDITORS
Amounts falling due within one year 6 630,445 959,799
NET CURRENT ASSETS 103,389 289,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,673

339,963

CREDITORS
Amounts falling due after more than one
year

7

(19,665

)

(29,558

)

PROVISIONS FOR LIABILITIES 10 (8,034 ) (9,651 )
NET ASSETS 117,974 300,754

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 117,674 300,454
SHAREHOLDERS' FUNDS 117,974 300,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

BALANCE SHEET - continued
30 JUNE 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:




Mr P R Shedden - Director Mr J Bethel - Director




Mr R P Shedden - Director


POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Pod Architects 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.

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 annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 14 ) .

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 1 July 2022 17,778 12,960 35,994 66,732
Additions - - 1,968 1,968
Disposals - - (561 ) (561 )
At 30 June 2023 17,778 12,960 37,401 68,139
DEPRECIATION
At 1 July 2022 444 2,716 12,777 15,937
Charge for year 1,778 2,561 5,824 10,163
Eliminated on disposal - - (245 ) (245 )
At 30 June 2023 2,222 5,277 18,356 25,855
NET BOOK VALUE
At 30 June 2023 15,556 7,683 19,045 42,284
At 30 June 2022 17,334 10,244 23,217 50,795

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 155,514 364,551
Amounts owed by group undertakings - 300,000
Other debtors 22,380 22,380
Prepayments and accrued income 16,018 5,625
193,912 692,556

Other debtors consists of a rent deposit of £12,380 (2022: £12,380) and employee loan of £10,000 (2022: £10,000).

At the balance sheet date the company was owed £Nil (2022: £300,000) by its parent company Shedden Associates Limited, the balance at year end 2022 related to a dividend held-over and declared on 1st July 2022.

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 8) 10,260 10,134
Trade creditors 376,308 534,606
Tax 116,427 142,715
Social security and other taxes 9,557 9,809
VAT 59,656 200,318
Other creditors 2,088 1,251
Shedden Associates Limited 2,363 2,363
Directors' loan accounts 15,464 18,862
Accrued expenses 38,322 39,741
630,445 959,799

Accruals consist of the following:
- Accountancy fees £4,392 (2022: £13,165)
- Professional indemnity insurance relating to the 'Swindon project' amounting to £13,333 (2022: £16,667)
- Dilapidation provision re former premises £Nil (2022: £6,500)
- Dilapidation provision current premises £16,506 (2022: £Nil)
- Holiday pay provision £4,091 (2022: £3,409)

Other creditors consists of pension contributions amounting to £2,088 (2022: £1,251).

The directors loan account is an amount owed to Paul Shedden £15,464 (2022: £18,862)

Shedden Associates Limited holds 60% of the company's issued share capital.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans (see note 8) 19,665 29,558

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 10,260 10,134

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,260 10,134

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,405 19,424

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 50,296 50,296
Between one and five years 107,206 157,502
157,502 207,798

10. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 8,034 9,651

Deferred tax
£
Balance at 1 July 2022 9,651
Provided during year (1,617 )
Balance at 30 June 2023 8,034

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
285 Ordinary A £1 285 95
NIL Ordinary B £1 - 95
NIL Ordinary C £1 - 95
5 Ordinary D £1 5 5
5 Ordinary E £1 5 5
5 Ordinary F £1 5 5
300 300

During the year 95 Ordinary B shares of £1 each and 95 Ordinary C shares of £1 each were reclassified as 190 Ordinary A shares.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P R Shedden.