ACCOUNTS - Final Accounts preparation

Registered number: NI691480

Isopod Modular Limited

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2025

Isopod Modular Limited

Registered number: NI691480

Balance Sheet

As at 31 December 2025

		2025		2024
Note		£		£


Current assets
Stocks		75,000		-
Debtors: amounts falling due within one year	4	15,938		493
Cash at bank and in hand	5	83,317		194,740
Creditors: amounts falling due within one year	6	(86,491)		(86,570)
Net current assets			87,764		108,663
Total assets less current liabilities			87,764		108,663
Net assets			87,764		108,663

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		87,664	108,563
		87,764	108,663

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 year 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 8 June 2026.

John Cox

Director

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

Page 1

Isopod Modular Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

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.

Page 2

Isopod Modular Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

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.

2.6

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.

2.7

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.

Employees

The average monthly number of employees, including directors, during the period was 3.

4.	Debtors: amounts falling due within one year

					2025	2024
					£	£


Other debtors	15,838	393
Called up share capital not paid	100	100

Page 3

Isopod Modular Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

4.Debtors: amounts falling due within one year (continued)

		15,938	493

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	83,317	194,740

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	188	-
Corporation tax	-	679
Credit card	273	-
Accruals and deferred income	86,030	85,891
	86,491	86,570

7.	Called up share capital
		2025	2024
		£	£

Allotted, called up and unpaid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

8.	Controlling party

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

Page 4