Company Registration No. 08447892 (England and Wales)
POD LEARNING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
POD LEARNING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
POD LEARNING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
12,000
13,500
Tangible assets
2
478
919
12,478
14,419
Current assets
Debtors
3,212
5,720
Cash at bank and in hand
25,788
10,955
29,000
16,675
Creditors: amounts falling due within one year
(37,220)
(30,763)
Net current liabilities
(8,220)
(14,088)
Total assets less current liabilities
4,258
331
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
4,158
231
Shareholders' funds
4,258
331
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the sole director for issue on 23 December 2015
Miss Sue Roberts
Director
Company Registration No. 08447892
POD LEARNING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services provided net of VAT and any discounts applied.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% - straight line
Equipment
15% - straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2014 & at 31 March 2015
15,000
1,360
16,360
Depreciation
At 1 April 2014
1,500
441
1,941
Charge for the year
1,500
441
1,941
At 31 March 2015
3,000
882
3,882
Net book value
At 31 March 2015
12,000
478
12,478
At 31 March 2014
13,500
919
14,419
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100