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REGISTERED NUMBER: 12422833 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SLIDEPODS LTD

SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLIDEPODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J Ashworth
Mrs J M Ashworth
Mr R J Griffiths
Mrs M P A Griffiths



REGISTERED OFFICE: Unit 3 King Charles Business Park
Old Newton Road
Heathfield
Newton Abbot
Devon
TQ12 6UT



REGISTERED NUMBER: 12422833 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: ClearBank Ltd
4th Floor
Prologue Works
25 Marsh Street
Bristol
BS1 4AX

SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 127,500 135,000
Tangible assets 5 42,732 51,463
170,232 186,463

CURRENT ASSETS
Stocks 6 24,085 42,048
Debtors 7 5,454 9,550
Cash at bank 33,865 54,006
63,404 105,604
CREDITORS
Amounts falling due within one year 8 146,353 229,434
NET CURRENT LIABILITIES (82,949 ) (123,830 )
TOTAL ASSETS LESS CURRENT LIABILITIES 87,283 62,633

CREDITORS
Amounts falling due after more than one
year

9

(35,663

)

(48,340

)

PROVISIONS FOR LIABILITIES (11,335 ) (9,778 )
NET ASSETS 40,285 4,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,185 4,415
SHAREHOLDERS' FUNDS 40,285 4,515

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

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

SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




Mr R J Griffiths - Director



Mr J Ashworth - Director


SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

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


1. STATUTORY INFORMATION

Slidepods 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.


SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

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


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
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 15,000
Amortisation for year 7,500
At 31 March 2024 22,500
NET BOOK VALUE
At 31 March 2024 127,500
At 31 March 2023 135,000

SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,908 3,108 69,961 3,219 78,196
Additions 1,744 233 - 3,087 5,064
At 31 March 2024 3,652 3,341 69,961 6,306 83,260
DEPRECIATION
At 1 April 2023 687 559 24,049 1,438 26,733
Charge for year 593 417 11,478 1,307 13,795
At 31 March 2024 1,280 976 35,527 2,745 40,528
NET BOOK VALUE
At 31 March 2024 2,372 2,365 34,434 3,561 42,732
At 31 March 2023 1,221 2,549 45,912 1,781 51,463

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 69,960 - 69,960
Additions - 1,077 1,077
At 31 March 2024 69,960 1,077 71,037
DEPRECIATION
At 1 April 2023 24,049 - 24,049
Charge for year 11,478 - 11,478
At 31 March 2024 35,527 - 35,527
NET BOOK VALUE
At 31 March 2024 34,433 1,077 35,510
At 31 March 2023 45,911 - 45,911

6. STOCKS
2024 2023
£    £   
Stocks 10,000 5,000
Work-in-progress 14,085 37,048
24,085 42,048

SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78 4,946
Prepayments 5,376 4,604
5,454 9,550

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,605 8,315
Trade creditors 16,057 13,565
Tax 14,089 -
Social security and other taxes 1,809 2,094
VAT 27,940 27,888
Other creditors 26,034 71,145
Directors' current accounts 46,754 104,472
Accrued expenses 2,065 1,955
146,353 229,434

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 35,663 48,340

10. OTHER FINANCIAL COMMITMENTS

At 31/03/2024, the company has total commitments under non-cancellable operating leases over the remaining life of those leases of £7,250

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J Ashworth
Balance outstanding at start of year (52,236 ) (53,826 )
Amounts advanced 29,083 31,402
Amounts repaid (475 ) (29,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,628 ) (52,236 )

Mr R J Griffiths
Balance outstanding at start of year (52,236 ) (53,047 )
Amounts advanced 29,110 33,535
Amounts repaid - (32,724 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,126 ) (52,236 )

SLIDEPODS LTD (REGISTERED NUMBER: 12422833)

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


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Loans are unsecured, interest free and repayable on demand.