Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-292024-06-2918The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Specialised design activities2023-06-30false20falsetruefalse 09952961 2023-06-30 2024-06-29 09952961 2022-06-30 2023-06-29 09952961 2024-06-29 09952961 2023-06-29 09952961 2022-06-30 09952961 c:Director1 2023-06-30 2024-06-29 09952961 d:PlantMachinery 2023-06-30 2024-06-29 09952961 d:PlantMachinery 2024-06-29 09952961 d:PlantMachinery 2023-06-29 09952961 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-30 2024-06-29 09952961 d:MotorVehicles 2023-06-30 2024-06-29 09952961 d:MotorVehicles 2024-06-29 09952961 d:MotorVehicles 2023-06-29 09952961 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-30 2024-06-29 09952961 d:FurnitureFittings 2023-06-30 2024-06-29 09952961 d:FurnitureFittings 2024-06-29 09952961 d:FurnitureFittings 2023-06-29 09952961 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-30 2024-06-29 09952961 d:ComputerEquipment 2023-06-30 2024-06-29 09952961 d:ComputerEquipment 2024-06-29 09952961 d:ComputerEquipment 2023-06-29 09952961 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-30 2024-06-29 09952961 d:OwnedOrFreeholdAssets 2023-06-30 2024-06-29 09952961 d:CurrentFinancialInstruments 2024-06-29 09952961 d:CurrentFinancialInstruments 2023-06-29 09952961 d:Non-currentFinancialInstruments 2024-06-29 09952961 d:Non-currentFinancialInstruments 2023-06-29 09952961 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-29 09952961 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-29 09952961 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-29 09952961 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-29 09952961 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-29 09952961 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-29 09952961 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-29 09952961 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-29 09952961 d:ShareCapital 2024-06-29 09952961 d:ShareCapital 2023-06-29 09952961 d:SharePremium 2024-06-29 09952961 d:SharePremium 2023-06-29 09952961 d:RetainedEarningsAccumulatedLosses 2024-06-29 09952961 d:RetainedEarningsAccumulatedLosses 2023-06-29 09952961 d:AcceleratedTaxDepreciationDeferredTax 2024-06-29 09952961 d:AcceleratedTaxDepreciationDeferredTax 2023-06-29 09952961 d:TaxLossesCarry-forwardsDeferredTax 2024-06-29 09952961 d:TaxLossesCarry-forwardsDeferredTax 2023-06-29 09952961 c:OrdinaryShareClass1 2023-06-30 2024-06-29 09952961 c:OrdinaryShareClass1 2024-06-29 09952961 c:OrdinaryShareClass1 2023-06-29 09952961 c:FRS102 2023-06-30 2024-06-29 09952961 c:AuditExempt-NoAccountantsReport 2023-06-30 2024-06-29 09952961 c:FullAccounts 2023-06-30 2024-06-29 09952961 c:PrivateLimitedCompanyLtd 2023-06-30 2024-06-29 09952961 e:PoundSterling 2023-06-30 2024-06-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09952961










THE MEETING POD COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 JUNE 2024



 
THE MEETING POD COMPANY LIMITED
REGISTERED NUMBER: 09952961

BALANCE SHEET
AS AT 29 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,603
38,194

  
51,603
38,194

Current assets
  

Stocks
  
281,040
206,975

Debtors: amounts falling due within one year
 5 
292,058
264,008

Cash at bank and in hand
 6 
99,382
136,407

  
672,480
607,390

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(716,722)
(568,077)

Net current (liabilities)/assets
  
 
 
(44,242)
 
 
39,313

Total assets less current liabilities
  
7,361
77,507

Creditors: amounts falling due after more than one year
 8 
(472,453)
(490,453)

Net liabilities
  
(465,092)
(412,946)


Capital and reserves
  

Called up share capital 
 11 
109
109

Share premium account
  
7,086
7,086

Profit and loss account
  
(472,287)
(420,141)

  
(465,092)
(412,946)


Page 1

 
THE MEETING POD COMPANY LIMITED
REGISTERED NUMBER: 09952961

BALANCE SHEET (CONTINUED)
AS AT 29 JUNE 2024

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 comprehensive income 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 by: 




M C Dalloz
Director

Date: 28 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

1.


General information

The Meeting Pod Company Ltd is a private company, limited by shares, registered in England and Wales.
The registered office address is Pod HQ, 117 Medina Avenue, Newport, Isle of Wight, England, PO30 1HG.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the ability of the Company to continue trading for the foreseeable future. This review has included considering financial projections to the date of signing of the financial statements. Based on this review and taken together with existing financing facilities the directors believe that the financial statements have been prepared appropriately on the going concern basis

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
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.

Page 4

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

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 straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
16 to 25% per annum
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
25% per annum
Computer equipment
-
25% per annum

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.

Page 5

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 20).

Page 6

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 30 June 2023
84,097
29,554
6,313
30,048
150,012


Additions
3,631
23,995
2,875
2,258
32,759


Disposals
-
(14,950)
-
-
(14,950)



At 29 June 2024

87,728
38,599
9,188
32,306
167,821



Depreciation


At 30 June 2023
57,700
24,057
6,313
23,748
111,818


Charge for the year on owned assets
8,893
3,364
95
3,968
16,320


Disposals
-
(11,920)
-
-
(11,920)



At 29 June 2024

66,593
15,501
6,408
27,716
116,218



Net book value



At 29 June 2024
21,135
23,098
2,780
4,590
51,603



At 29 June 2023
26,397
5,497
-
6,300
38,194


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
127,121
99,071

Deferred taxation
164,937
164,937

292,058
264,008



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
99,382
136,407


Page 7

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
18,000
18,000

Trade creditors
130,850
93,692

Other taxation and social security
38,731
39,782

Obligations under finance lease and hire purchase contracts
-
1,213

Other creditors
297,203
293,767

Accruals and deferred income
231,938
121,623

716,722
568,077



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,000
33,000

Other creditors
457,453
457,453

472,453
490,453



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Amounts falling due within one year
18,000
18,000

Amounts falling due 1-2 years
15,000
18,000

Amounts falling due 2-5 years
-
15,000

33,000
51,000


No security is held for the loan.

Page 8

 
THE MEETING POD COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
164,937
165,841


Charged to profit or loss
-
(904)



At end of year
164,937
164,937

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
12,901
9,549

Tax losses carried forward
152,036
155,388

164,937
164,937


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,900 (2023 - 10,900) Ordinary shares of £0.01 each
109
109



12.


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 £10,611 (2023- £10,440). There was £2,017 (2023 - £2,022) payable to the fund at the balance sheet date.


13.


Transactions with directors

Included in creditors are loans totalling £734,459 (2023 - £734,459) which have been received from the directors and shareholders of the company. All such loans are provided interest free and are repayable at the appropriate time as determined by the directors 


Page 9