IRIS Accounts Production v24.3.2.46 10132514 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101325142023-04-30101325142024-04-30101325142023-05-012024-04-30101325142022-04-30101325142022-05-012023-04-30101325142023-04-3010132514ns15:EnglandWales2023-05-012024-04-3010132514ns14:PoundSterling2023-05-012024-04-3010132514ns10:Director12023-05-012024-04-3010132514ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010132514ns10:SmallEntities2023-05-012024-04-3010132514ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3010132514ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010132514ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010132514ns10:FullAccounts2023-05-012024-04-3010132514ns10:OrdinaryShareClass12023-05-012024-04-3010132514ns10:Director22023-05-012024-04-3010132514ns10:Director32023-05-012024-04-3010132514ns10:Director42023-05-012024-04-3010132514ns10:Director52023-05-012024-04-3010132514ns10:RegisteredOffice2023-05-012024-04-3010132514ns5:CurrentFinancialInstruments2024-04-3010132514ns5:CurrentFinancialInstruments2023-04-3010132514ns5:Non-currentFinancialInstruments2024-04-3010132514ns5:Non-currentFinancialInstruments2023-04-3010132514ns5:ShareCapital2024-04-3010132514ns5:ShareCapital2023-04-3010132514ns5:RetainedEarningsAccumulatedLosses2024-04-3010132514ns5:RetainedEarningsAccumulatedLosses2023-04-301013251412023-05-012024-04-3010132514ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-012024-04-3010132514ns5:FurnitureFittings2023-05-012024-04-3010132514ns5:ComputerEquipment2023-05-012024-04-3010132514ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3010132514ns5:FurnitureFittings2023-04-3010132514ns5:ComputerEquipment2023-04-3010132514ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3010132514ns5:FurnitureFittings2024-04-3010132514ns5:ComputerEquipment2024-04-3010132514ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3010132514ns5:FurnitureFittings2023-04-3010132514ns5:ComputerEquipment2023-04-3010132514ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3010132514ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3010132514ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3010132514ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3010132514ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3010132514ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3010132514ns5:BetweenOneFiveYears2024-04-3010132514ns5:BetweenOneFiveYears2023-04-3010132514ns5:Secured2024-04-3010132514ns5:Secured2023-04-3010132514ns5:DeferredTaxation2023-04-3010132514ns5:DeferredTaxation2023-05-012024-04-3010132514ns5:DeferredTaxation2024-04-3010132514ns10:OrdinaryShareClass12024-04-3010132514ns5:RetainedEarningsAccumulatedLosses2023-04-3010132514ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 10132514 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

POD DIGITAL MARKETING LIMITED

POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)






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


POD DIGITAL MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M McKinlay
Mrs A McKinlay
Miss I S Mckinlay
R A Platt
Miss D O McKinlay





REGISTERED OFFICE: 6 Elizabethan House
Leicester Road
Lutterworth
Leicestershire
LE17 4NJ





REGISTERED NUMBER: 10132514 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,665 5,381

CURRENT ASSETS
Debtors 6 917,456 729,487
Investments 7 140,600 140,600
Cash at bank and in hand 148,127 189,422
1,206,183 1,059,509
CREDITORS
Amounts falling due within one year 8 951,081 803,190
NET CURRENT ASSETS 255,102 256,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,767

261,700

CREDITORS
Amounts falling due after more than one
year

9

(23,578

)

(43,251

)

PROVISIONS FOR LIABILITIES 12 (2,416 ) (1,051 )
NET ASSETS 238,773 217,398

CAPITAL AND RESERVES
Called up share capital 13 4 4
Retained earnings 14 238,769 217,394
SHAREHOLDERS' FUNDS 238,773 217,398

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.

POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





M McKinlay - Director


POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)

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

1. STATUTORY INFORMATION

POD Digital Marketing 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)

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

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 23 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 12,095 12,791 15,421 40,307
Additions - - 9,045 9,045
At 30 April 2024 12,095 12,791 24,466 49,352
DEPRECIATION
At 1 May 2023 12,094 8,425 14,407 34,926
Charge for year - 1,441 3,320 4,761
At 30 April 2024 12,094 9,866 17,727 39,687
NET BOOK VALUE
At 30 April 2024 1 2,925 6,739 9,665
At 30 April 2023 1 4,366 1,014 5,381

POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,254 136,893
Other debtors 814,202 592,594
917,456 729,487

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 140,600 140,600

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,183 16,690
Trade creditors 4,618 136,085
Tax 86,101 86,119
Social security and other taxes 5,251 6,647
Pension control 1,985 2,022
VAT 62,729 76,472
Other creditors 371,997 229,354
Directors' current accounts 16,622 18,910
Deferred income 68,208 105,177
Accrued expenses 315,387 125,714
951,081 803,190

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,182 16,690
Bank loans - 2-5 years 5,396 26,561
23,578 43,251

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 18,299 18,299

POD DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 10132514)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 41,761 59,941

The loan is secured by a fixed and floating charge over all the property and undertaking of the company.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,416 1,051

Deferred
tax
£   
Balance at 1 May 2023 1,051
Charge to Income Statement during year 1,365
Balance at 30 April 2024 2,416

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
375 Ordinary £0.01 4 4

14. RESERVES
Retained
earnings
£   

At 1 May 2023 217,394
Profit for the year 257,375
Dividends (236,000 )
At 30 April 2024 238,769

15. RELATED PARTY DISCLOSURES

During the year the company undertook the following transactions with related parties:

The directors have advanced monies to the company. At 30 April 2024 the amount due from the company was £16,621 (2023 18,910).

The company paid McAshwey Stud Limited, of which company Mr M McKinley is a director and controlling party, £25,000 (2023 £50,,000) for sponsorship and advertising.