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REGISTERED NUMBER: 11333238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROPODS LIMITED

PROPODS LIMITED (REGISTERED NUMBER: 11333238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs E L Brewer
Mr D J C Brewer





REGISTERED OFFICE: Boundary Cottage
Day Lane
Lovedean
East Hampshire
PO8 0SH





REGISTERED NUMBER: 11333238 (England and Wales)





ACCOUNTANTS: Eight Five Two Accounting Limited
87 Salthill Road
Fishbourne
Chichester
West Sussex
PO19 3QD

PROPODS LIMITED (REGISTERED NUMBER: 11333238)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,926 17,275

CURRENT ASSETS
Debtors 5 29 -
Cash at bank 22,314 33,467
22,343 33,467
CREDITORS
Amounts falling due within one year 6 19,109 18,041
NET CURRENT ASSETS 3,234 15,426
TOTAL ASSETS LESS CURRENT LIABILITIES 17,160 32,701

CREDITORS
Amounts falling due after more than one
year

7

(2,968

)

(4,393

)

PROVISIONS FOR LIABILITIES (2,554 ) (3,282 )
NET ASSETS 11,638 25,026

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 11,538 24,926
SHAREHOLDERS' FUNDS 11,638 25,026

PROPODS LIMITED (REGISTERED NUMBER: 11333238)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 29 January 2025 and were signed on its behalf by:





Mr D J C Brewer - Director


PROPODS LIMITED (REGISTERED NUMBER: 11333238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Propods 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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.


PROPODS LIMITED (REGISTERED NUMBER: 11333238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

Hire purchase and leasing commitments
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 2 (2023 - 2 ) .

PROPODS LIMITED (REGISTERED NUMBER: 11333238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,436 17,601 575 19,612
Additions - - 606 606
At 30 April 2024 1,436 17,601 1,181 20,218
DEPRECIATION
At 1 May 2023 441 1,867 29 2,337
Charge for year 199 3,520 236 3,955
At 30 April 2024 640 5,387 265 6,292
NET BOOK VALUE
At 30 April 2024 796 12,214 916 13,926
At 30 April 2023 995 15,734 546 17,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 1,425 1,387
Taxation and social security 7,484 6,181
Other creditors 10,200 10,473
19,109 18,041

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 2,968 4,393

PROPODS LIMITED (REGISTERED NUMBER: 11333238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,425 1,387

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,464 1,425

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,504 2,968

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100