REGISTERED NUMBER: 05321190 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PODPLUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms K L Austen

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

05321190 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

312,195

315,484

CURRENT ASSETS

Stocks

5

29,686

39,670

Debtors

6

1,378

3,504

Cash at bank and in hand

719

4,264

31,783

47,438

CREDITORS

Amounts falling due within one year

7

93,509

103,994

NET CURRENT LIABILITIES

(61,726

)

(56,556

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,469

258,928

CREDITORS

Amounts falling due after more than one year

8

(223,808

)

(248,821

)

PROVISIONS FOR LIABILITIES

(2,904

)

(4,643

)

NET ASSETS

23,757

5,464

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

23,557

5,264

SHAREHOLDERS' FUNDS

23,757

5,464

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 her 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 director and authorised for issue on 18 September 2025 and were signed by:

Ms K L Austen - Director

1.	STATUTORY INFORMATION

Podplus 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 (£).

The company's principal place of business is Julie Rose Stadium, Willesborough Road, Kennington, Ashford, Kent, TN24 9QX.

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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Fixtures, fittings and equipment

-

25% on reducing balance

Land is not depreciated.

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.

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 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

Freehold

to

and

property

property

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

253,479

48,850

60,967

363,296

DEPRECIATION

At 1 January 2024

-

-

47,812

47,812

Charge for year

-

-

3,289

3,289

At 31 December 2024

-

-

51,101

51,101

NET BOOK VALUE

At 31 December 2024

253,479

48,850

9,866

312,195

At 31 December 2023

253,479

48,850

13,155

315,484

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

29,686

39,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,378

3,504

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

37,407

35,909

Other loans (see note 9)

25,000

25,000

Trade creditors

13,601

13,508

Tax

6,066

5,213

Social security and other taxes

1,568

6,581

Other creditors

2,004

2,370

Directors' current accounts

7,863

15,413

93,509

103,994

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

183,530

191,877

Other loans (see note 9)

40,278

56,944

223,808

248,821

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

88,633

96,980

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

13,683

12,185

Bank loans

23,724

23,724

Other loans

25,000

25,000

62,407

60,909

Amounts falling due between one and two years:

Bank loans - 1-2 years

23,724

23,724

Other loans - 1-2 years

25,000

25,000

48,724

48,724

Amounts falling due between two and five years:

Bank loans - 2-5 years

71,173

71,173

Other loans - 2-5 years

15,278

31,944

86,451

103,117

Amounts falling due in more than five years:

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

88,633

96,980

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

207,254

215,601

The bank hold a fixed and floating charge over all assets of the company, including a charge over the freehold property.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary A

1

100

100

100

Ordinary B

1

100

100

200

200

12.	GOING CONCERN

The company meets its day to day working capital requirements by support of its director and bankers. The director believes it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the basis of the company's plans and the continued support of its director and bankers.