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REGISTERED NUMBER: 08379199 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Marketing Pod Limited

The Marketing Pod Limited (Registered number: 08379199)






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


The Marketing Pod Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J S Hughes
J L Williams





REGISTERED OFFICE: Ideas Hq
Units 1-3 Umberslade Business Centre
Pound House Lane
Hockley Heath
West Midlands
B94 5DF





REGISTERED NUMBER: 08379199 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

The Marketing Pod Limited (Registered number: 08379199)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,100 78,755

CURRENT ASSETS
Debtors 5 1,276,475 667,970
Cash at bank 631,967 500,575
1,908,442 1,168,545
CREDITORS
Amounts falling due within one year 6 784,794 427,521
NET CURRENT ASSETS 1,123,648 741,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200,748

819,779

CREDITORS
Amounts falling due after more than one
year

7

(50,627

)

(66,575

)

PROVISIONS FOR LIABILITIES (7,660 ) (7,260 )
NET ASSETS 1,142,461 745,944

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 1,142,359 745,842
1,142,461 745,944

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.

The Marketing Pod Limited (Registered number: 08379199)

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 18 April 2024 and were signed on its behalf by:




J L Williams - Director



J S Hughes - Director


The Marketing Pod Limited (Registered number: 08379199)

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

1. STATUTORY INFORMATION

The Marketing Pod 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 presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

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.

The Marketing Pod Limited (Registered number: 08379199)

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

2. ACCOUNTING POLICIES - continued

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 36 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 741 - 52,334 52,005 105,080
Additions 411 7,513 - 19,392 27,316
At 31 March 2024 1,152 7,513 52,334 71,397 132,396
DEPRECIATION
At 1 April 2023 77 - 4,906 21,342 26,325
Charge for year 260 35 11,857 16,819 28,971
At 31 March 2024 337 35 16,763 38,161 55,296
NET BOOK VALUE
At 31 March 2024 815 7,478 35,571 33,236 77,100
At 31 March 2023 664 - 47,428 30,663 78,755

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 52,334
DEPRECIATION
At 1 April 2023 4,906
Charge for year 11,857
At 31 March 2024 16,763
NET BOOK VALUE
At 31 March 2024 35,571
At 31 March 2023 47,428

The Marketing Pod Limited (Registered number: 08379199)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 856,084 582,603
Other debtors 11,410 -
Directors' current accounts 52,454 39,325
Prepayments 61,202 46,042
Accrued Income 295,325 -
1,276,475 667,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 10,000 10,000
Hire purchase contracts (see note 8) 6,230 6,230
Trade creditors 62,026 36,342
Tax 159,955 49,500
Social security and other taxes 58,695 50,828
VAT 75,690 209,046
Other creditors 12,194 -
Pension Creditor 10,834 13,449
Directors' current accounts - 9,484
Deferred Income 338,441 -
Accrued expenses 50,729 42,642
784,794 427,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 4,311 14,029
Hire purchase contracts (see note 8) 36,316 42,546
50,627 66,575

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 6,230 6,230
Between one and five years 36,316 42,546
42,546 48,776

The Marketing Pod Limited (Registered number: 08379199)

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

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 17,500 -
Between one and five years 24,792 -
42,292 -

The above operating lease commitment relates to the lease for the premises from which they operate.

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 42,546 -

The above hire purchase agreements are secured against the assets in which the finance was acquired on.

10. CALLED UP SHARE CAPITAL


Nominal
Value

2024

2023
Ordinary £1.00 - 2
Ordinary £0.001 2000 -
Ordinary A £1.00 30 100
Ordinary B £1.00 30 -
Ordinary C £1.00 20 -
Ordinary D £1.00 20 -

On 1st December 2023 2 Ordinary shares of £1.00 were reclassified to be 2000 Ordinary £0.001 shares.

On 1st December 2023 70 Ordinary shares of £1.00 were reclassified to be 30 Ordinary £1.00 B, 20 Ordinary £1.00 C and 20 Ordinary £1.00 D.

All shares are entitled to 1 dividend per share.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
J L Williams
Balance outstanding at start of year 39,324 35,108
Amounts advanced 153,320 147,370
Amounts repaid (155,020 ) (143,154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,624 39,324

The Marketing Pod Limited (Registered number: 08379199)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J S Hughes
Balance outstanding at start of year (9,483 ) (7,109 )
Amounts advanced 173,112 142,555
Amounts repaid (148,800 ) (144,929 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,829 (9,483 )

The above loans are charged at the HMRC official rate of interest and are fully repaid following the balance sheet date.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Williams & J Hughes by virtue of their equal shareholding in The Marketing Pod Limited.

13. SHARE-BASED PAYMENT TRANSACTIONS

On 31st July 2023, an equity settled share option scheme was introduced for specific employees of the company. In accordance with the scheme rules, options are exercisable at the market value of the shares as determined at the date of grant. If the options remain unexercised after a period of ten years from the date of grant the options expire. There were no changes to the terms of the plan during the year.

Details of the share options outstanding during the year are as follows:

2024202420232023



Number of
Share options
Weighted
average
exercise price

Number of
Share options
Weighted
average
exercise price
Granted during the period111£224.100£Nil
Outstanding at the end of the period111£224.100£Nil
Exercisable at the end of the period111£224.100£Nil

The options outstanding at 31 March 2024 had a weighted average exercise price of £224.10 and a weighted average remaining contractual life of 9.5 years. In 2023, option's were granted on 31st July 2023. The aggregate of the estimated fair value of the options granted on this date was £24,875.10.