Company registration number 09807657 (England and Wales)
PODLOC LIMITED
(FORMERLY KNOWN AS FALCONA SOLUTIONS LIMITED)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
PODLOC LIMITED
COMPANY INFORMATION
Directors
A J Rainbow
J P Boston
R J Lee
Company number
09807657
Registered office
59-60 Thames Street
Windsor
Berkshire
SL4 1TX
Accountants
S&W Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Business address
Building 3
Concorde Park
Concorde Road
MAIDENHEAD
Berkshire
SL6 4BY
PODLOC LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
PODLOC LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,204,459
1,092,825
Tangible assets
4
232,682
290,170
1,437,141
1,382,995
Current assets
Stocks
149,811
149,811
Debtors
5
620,839
498,758
Cash at bank and in hand
65,025
102,752
835,675
751,321
Creditors: amounts falling due within one year
6
(1,124,298)
(900,275)
Net current liabilities
(288,623)
(148,954)
Total assets less current liabilities
1,148,518
1,234,041
Creditors: amounts falling due after more than one year
7
(25,000)
(133,756)
Provisions for liabilities
(254,562)
(254,562)
Net assets
868,956
845,723
Capital and reserves
Called up share capital
8
143
143
Profit and loss reserves
868,813
845,580
Total equity
868,956
845,723

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PODLOC LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 July 2026 and are signed on its behalf by:
J P Boston
Director
Company registration number 09807657 (England and Wales)
PODLOC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Podloc Limited is a private company limited by shares incorporated in England and Wales. The registered office is 59-60 Thames Street, Windsor, Berkshire, SL4 1TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and software and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Sale of goods

Revenue arises from the sale of manufactured engineered solutions and products.

Revenue from the sale of goods is recognised when the customer accepts delivery of them. Revenue from software sales is recognised over the period for which the software is provided.

Rendering of services

Revenue arises from the provision of manufactured engineered solutions services.

Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. In this situation, the expenditure is deferred and once in production, costs are written off over the expected life of the production period.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents
20% Straight line
Development Costs
33.3% or 50% Straight line
PODLOC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings leasehold
Over the length of the lease
Plant and machinery
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PODLOC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
16
3
Intangible fixed assets
Patents
Development Costs
Total
£
£
£
Cost
At 1 November 2024
97,325
2,066,686
2,164,011
Additions - internally developed
2,835
200,910
203,745
At 31 October 2025
100,160
2,267,596
2,367,756
Amortisation and impairment
At 1 November 2024
48,663
1,022,523
1,071,186
Amortisation charged for the year
20,032
72,079
92,111
At 31 October 2025
68,695
1,094,602
1,163,297
Carrying amount
At 31 October 2025
31,465
1,172,994
1,204,459
At 31 October 2024
48,662
1,044,163
1,092,825
PODLOC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2024
13,998
411,889
425,887
Additions
-
0
5,761
5,761
Disposals
-
0
(24,985)
(24,985)
At 31 October 2025
13,998
392,665
406,663
Depreciation and impairment
At 1 November 2024
10,450
125,267
135,717
Depreciation charged in the year
1,775
50,641
52,416
Eliminated in respect of disposals
-
0
(14,152)
(14,152)
At 31 October 2025
12,225
161,756
173,981
Carrying amount
At 31 October 2025
1,773
230,909
232,682
At 31 October 2024
3,548
286,622
290,170
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
461,870
404,322
Corporation tax recoverable
10,611
39,285
Other debtors
148,358
55,151
620,839
498,758
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
110,025
112,061
Trade creditors
161,661
138,221
Taxation and social security
48,694
112,571
Other creditors
803,918
537,422
1,124,298
900,275

Within other creditors are amounts totaling £6,817 (202 4 - £21,330) which relate to hire purchase obligations that are secured by fixed charges over the underlying assets.

Included within bank loans is a liability which is secured by a fixed and floating charge over all assets.

PODLOC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
25,000
125,000
Other creditors
-
0
8,756
25,000
133,756

Within other creditors are amounts totaling £nil (202 4 - £8,756) which relate to hire purchase obligations that are secured by fixed charges over the underlying assets.

Included within bank loans is a liability which is secured by a fixed and floating charge over all assets.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
143
143
143
143
9
Directors' transactions

During the year the company made advances of £72,071 (202 4 - £34,604) and repayments of £72,399 (202 4 - £2,699) to and from the Directors. Interest was charged at a rate of 2.25% totaling £893 (202 4 - £222) on the amount outstanding. At the balance sheet date the company was owed £35,831 (202 4 - £33,701) by the Directors.

The amounts were repaid by the Directors after the balance sheet date.

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