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REGISTERED NUMBER: 05059784 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pod Packaging Limited

Pod Packaging Limited (Registered number: 05059784)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pod Packaging Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M Glanville





SECRETARY: Ms K Hedges





REGISTERED OFFICE: Unit 81 The Laurels
Manston Business Park
Ramsgate
Kent
CT12 5NQ





REGISTERED NUMBER: 05059784 (England and Wales)





ACCOUNTANTS: K H Accounting
12 Montgomery Road
Newbury
Berkshire
RG14 6HU

Pod Packaging Limited (Registered number: 05059784)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,135 23,610

CURRENT ASSETS
Stocks 5 68,024 57,171
Debtors 6 38,042 58,115
Cash at bank 323 1,511
106,389 116,797
CREDITORS
Amounts falling due within one year 7 108,267 90,240
NET CURRENT (LIABILITIES)/ASSETS (1,878 ) 26,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,257

50,167

CREDITORS
Amounts falling due after more than
one year

8

(6,728

)

(20,150

)

PROVISIONS FOR LIABILITIES (2,306 ) (4,412 )
NET ASSETS 1,223 25,605

CAPITAL AND RESERVES
Called up share capital 9 101 102
Retained earnings 10 1,122 25,503
SHAREHOLDERS' FUNDS 1,223 25,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Packaging Limited (Registered number: 05059784)

Balance Sheet - continued
31 December 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 director and authorised for issue on 10 June 2025 and were signed by:





M Glanville - Director


Pod Packaging Limited (Registered number: 05059784)

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

1. STATUTORY INFORMATION

Pod Packaging 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.

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 - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pod Packaging Limited (Registered number: 05059784)

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

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December
2024

48,657

499

7,575

10,936

67,667
DEPRECIATION
At 1 January 2024 28,211 499 4,798 10,549 44,057
Charge for year 9,684 - 1,515 276 11,475
At 31 December 2024 37,895 499 6,313 10,825 55,532
NET BOOK VALUE
At 31 December 2024 10,762 - 1,262 111 12,135
At 31 December 2023 20,446 - 2,777 387 23,610

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 68,024 57,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 37,463 57,734
Directors' current accounts - 207
Prepayments 579 174
38,042 58,115

Pod Packaging Limited (Registered number: 05059784)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 30,726 18,541
Hire purchase contracts 3,383 10,149
Trade creditors 1,679 16,058
Tax 2,539 13,294
Social security and other taxes 1,541 3,092
VAT 4,268 18,517
Other creditors 10,492 9,039
Directors' current accounts 52,089 -
Accrued expenses 1,550 1,550
108,267 90,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 6,728 9,849
Bank loans - 2-5 years - 6,918
Hire purchase contracts - 3,383
6,728 20,150

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary shares £1 100 101
1 B Shares £1 1 1
101 102

10. RESERVES
Retained
earnings
£   

At 1 January 2024 25,503
Deficit for the year (11,381 )
Dividends (13,000 )
At 31 December 2024 1,122

Pod Packaging Limited (Registered number: 05059784)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
M Glanville
Balance outstanding at start of year 206 19,895
Amounts advanced - 206
Amounts repaid (206 ) (19,895 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 206