Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-143.falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32023-10-01falsefalsetrue NI691480 2023-10-01 2024-12-31 NI691480 2022-09-29 2023-09-30 NI691480 2024-12-31 NI691480 2023-09-30 NI691480 c:Director1 2023-10-01 2024-12-31 NI691480 d:CurrentFinancialInstruments 2024-12-31 NI691480 d:CurrentFinancialInstruments 2023-09-30 NI691480 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI691480 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 NI691480 d:ShareCapital 2024-12-31 NI691480 d:ShareCapital 2023-09-30 NI691480 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI691480 d:RetainedEarningsAccumulatedLosses 2023-09-30 NI691480 c:OrdinaryShareClass1 2023-10-01 2024-12-31 NI691480 c:OrdinaryShareClass1 2024-12-31 NI691480 c:OrdinaryShareClass1 2023-09-30 NI691480 c:FRS102 2023-10-01 2024-12-31 NI691480 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-12-31 NI691480 c:FullAccounts 2023-10-01 2024-12-31 NI691480 c:PrivateLimitedCompanyLtd 2023-10-01 2024-12-31 NI691480 e:PoundSterling 2023-10-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI691480










Isopod Modular Limited








Unaudited

Financial statements

Information for filing with the registrar

For the 15 month Period Ended 31 December 2024

 
Isopod Modular Limited
Registered number: NI691480

Balance Sheet
As at 31 December 2024

31 December
30 September
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
493
21,844

Cash at bank and in hand
 5 
194,740
233,853

Creditors: amounts falling due within one year
  
(86,570)
(149,361)

Net current assets
  
 
 
108,663
 
 
106,336

Total assets less current liabilities
  
108,663
106,336

Net assets
  
108,663
106,336


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
108,563
106,236

Total equity
  
108,663
106,336


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 14 May 2025.




John Cox
Director

The notes on pages 2 to 4 form part of these financial statements.

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Page 1

 
Isopod Modular Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

1.


General information

Isopod Modular Limited is a private company, limited by shares, incorporated in Northern Ireland, registration number NI691480. The registered office is Unit 10 Tidal Industrial Park, Toomebridge, Antrim, BT41 3GD.
The principal activity of the Company during the year was that of other manufacturing not elsewhere classified.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.
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Page 2

 
Isopod Modular Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Taxation

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.


 
2.4

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.

 
2.5

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.

 
2.6

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 period was 3.


4.


Debtors: amounts falling due within one year

31 December
30 September
2024
2023
£
£


Other debtors
393
21,744

Called up share capital not paid
100
100

493
21,844


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Page 3

 
Isopod Modular Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

5.


Cash and cash equivalents

31 December
30 September
2024
2023
£
£

Cash at bank and in hand
194,740
233,853



6.


Creditors: amounts falling due within one year

31 December
30 September
2024
2023
£
£

Trade creditors
-
5,525

Corporation tax
679
31,194

Other taxation and social security
-
1,082

Accruals and deferred income
85,891
111,560

86,570
149,361



7.


Called up share capital

31 December
30 September
2024
2023
£
£
Allotted, called up and unpaid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

The Company is related to a limited company registered in the Republic of Ireland by virtue of common control.
During the period, services were rendered from the related party totalling £82,500 which remained outstanding at the balance sheet date.


9.


Controlling party

The controlling party of the Company is considered to be the directors.


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