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REGISTERED NUMBER: 13601038 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

PRODUCTBOARD UK LIMITED

PRODUCTBOARD UK LIMITED (Registered number: 13601038)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRODUCTBOARD UK LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S Giroux
H Palan





SECRETARY: Taylor Wessing Secretaries Limited





REGISTERED OFFICE: 5 New Street Square
London
EC4A 3TW





REGISTERED NUMBER: 13601038 (England and Wales)





AUDITORS: Mark Arber Limited
Chartered Certified Accountants
& Statutory Auditors
71-75 Shelton Street
London
WC2H 9JQ

PRODUCTBOARD UK LIMITED (Registered number: 13601038)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,969 27,163

CURRENT ASSETS
Debtors 5 794,450 276,634
Cash at bank 59,721 783,661
854,171 1,060,295
CREDITORS
Amounts falling due within one year 6 (287,873 ) (740,326 )
NET CURRENT ASSETS 566,298 319,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,267

347,132

CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 8 92,092 88,627
Profit and Loss Account 8 499,075 258,405
SHAREHOLDERS' FUNDS 591,267 347,132

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 30 October 2024 and were signed on its behalf by:





S Giroux - Director


PRODUCTBOARD UK LIMITED (Registered number: 13601038)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

PRODUCTBOARD UK 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.

The financial statements are presented in Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these financial statements. No adjustments have been made in these accounts which might result from that uncertainty.

Related party exemption
The company has taken the exemption provided by FFRS 102 Section 33.1A not to disclose related party transactions with wholly owned subsidiaries within the group.

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:

Computer equipment - 33%

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.


PRODUCTBOARD UK LIMITED (Registered number: 13601038)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

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.

Share based payments
The employees of the company are entitled to participate in the group share based compensation scheme. Cost is recognised in these financial statements based on the fair value of the awards at the date of grant, amortized over any vesting period that may apply. The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 31,949
Additions 22,205
Disposals (24,292 )
At 31 January 2024 29,862
DEPRECIATION
At 1 February 2023 4,786
Charge for year 8,832
Eliminated on disposal (8,725 )
At 31 January 2024 4,893
NET BOOK VALUE
At 31 January 2024 24,969
At 31 January 2023 27,163

PRODUCTBOARD UK LIMITED (Registered number: 13601038)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax asset 20,117 20,589
Amounts owed by group undertakings 754,874 -
Other debtors 19,459 256,045
794,450 276,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 10,713 4,737
Amounts owed to group undertakings - 271,042
Corporation Tax 40,060 70,510
Other creditors 237,100 394,037
287,873 740,326

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary Shares £1.00 100 100

8. RESERVES
Profit
and Loss Other
Account reserves Totals
£    £    £   

At 1 February 2023 258,405 88,627 347,032
Profit for the year 240,670 240,670
Share based expense - 3,465 3,465
At 31 January 2024 499,075 92,092 591,167

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited

PRODUCTBOARD UK LIMITED (Registered number: 13601038)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Productboard, Inc.

The company is a wholly owned subsidiary of Productboard, Inc. a company incorporated in the United States of America.

The smallest group in which the results of the company are consolidated is that headed by Productboard, Inc. The consolidated financial statements may be obtained from Productboard, Inc's principle place of business address being 333 Bush Street. 20th Floor. San Francisco, CA 94104.