Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falsetrueNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07850205 2022-12-01 2023-11-30 07850205 2021-12-01 2022-11-30 07850205 2023-11-30 07850205 2022-11-30 07850205 c:Director1 2022-12-01 2023-11-30 07850205 d:MotorVehicles 2022-12-01 2023-11-30 07850205 d:MotorVehicles 2023-11-30 07850205 d:MotorVehicles 2022-11-30 07850205 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07850205 d:FurnitureFittings 2022-12-01 2023-11-30 07850205 d:FurnitureFittings 2023-11-30 07850205 d:FurnitureFittings 2022-11-30 07850205 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07850205 d:ComputerEquipment 2022-12-01 2023-11-30 07850205 d:ComputerEquipment 2023-11-30 07850205 d:ComputerEquipment 2022-11-30 07850205 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07850205 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 07850205 d:OtherPropertyPlantEquipment 2023-11-30 07850205 d:OtherPropertyPlantEquipment 2022-11-30 07850205 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07850205 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07850205 d:Goodwill 2023-11-30 07850205 d:Goodwill 2022-11-30 07850205 d:CurrentFinancialInstruments 2023-11-30 07850205 d:CurrentFinancialInstruments 2022-11-30 07850205 d:Non-currentFinancialInstruments 2023-11-30 07850205 d:Non-currentFinancialInstruments 2022-11-30 07850205 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07850205 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07850205 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 07850205 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 07850205 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 07850205 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 07850205 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 07850205 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 07850205 d:ShareCapital 2023-11-30 07850205 d:ShareCapital 2022-11-30 07850205 d:RetainedEarningsAccumulatedLosses 2023-11-30 07850205 d:RetainedEarningsAccumulatedLosses 2022-11-30 07850205 c:FRS102 2022-12-01 2023-11-30 07850205 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07850205 c:FullAccounts 2022-12-01 2023-11-30 07850205 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07850205 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 07850205









BITPOD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023














 
BITPOD LIMITED
REGISTERED NUMBER:07850205

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
54,459
23,069

  
54,459
23,069

Current assets
  

Debtors: amounts falling due within one year
 6 
6,574
22,600

Cash at bank and in hand
  
45,506
65,328

  
52,080
87,928

Creditors: amounts falling due within one year
 7 
(25,163)
(27,859)

Net current assets
  
 
 
26,917
 
 
60,069

Total assets less current liabilities
  
81,376
83,138

Creditors: amounts falling due after more than one year
 8 
(14,566)
(23,766)

  

Net assets
  
66,810
59,372


Capital and reserves
  

Called up share capital 
  
101
101

Profit and loss account
  
66,709
59,271

  
66,810
59,372


Page 1

 
BITPOD LIMITED
REGISTERED NUMBER:07850205
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




Alexander Wren
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Bitpod limited is a private company, limited by shares, domiciled in England. The registered office is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
3 year straight line
Computer equipment
-
3 year straight line
Other fixed assets
-
3 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
20,000



At 30 November 2023

20,000



Amortisation


At 1 December 2022
20,000



At 30 November 2023

20,000



Net book value



At 30 November 2023
-



At 30 November 2022
-



Page 7

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Photo Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
-
10,010
51,280
89,880
151,170


Additions
30,995
-
23,408
2,234
56,637



At 30 November 2023

30,995
10,010
74,688
92,114
207,807



Depreciation


At 1 December 2022
-
9,483
41,477
77,141
128,101


Charge for the year on owned assets
6,199
263
11,469
7,316
25,247



At 30 November 2023

6,199
9,746
52,946
84,457
153,348



Net book value



At 30 November 2023
24,796
264
21,742
7,657
54,459



At 30 November 2022
-
527
9,803
12,739
23,069


6.


Debtors

2023
2022
£
£


Trade debtors
6,574
22,253

Prepayments and accrued income
-
347

6,574
22,600


Page 8

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,200
11,990

Trade creditors
209
455

Corporation tax
5,192
7,416

Other taxation and social security
7,598
5,523

Other creditors
2,964
2,475

25,163
27,859



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,566
23,766

14,566
23,766


Page 9

 
BITPOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,200
11,990


9,200
11,990

Amounts falling due 1-2 years

Bank loans
9,200
9,200


9,200
9,200

Amounts falling due 2-5 years

Bank loans
5,366
14,566


5,366
14,566


23,766
35,756



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £20,000 (2022 - £12,000). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10