Accounts filed on 30-09-2014

Accounts filed on 30-09-2014

PODSYSTEM LIMITED - Company Information

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2013-10-012014-09-3003848359falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-10-012014-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-09-30http://www.companieshouse.gov.uk/pt:DevelopmentCosts2013-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-10-012014-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-09-30http://www.companieshouse.gov.uk/pt:DevelopmentCosts2014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-10-012014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32013-10-012014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32014-09-30http://www.companieshouse.gov.uk/pt:DevelopmentCosts2013-10-012014-09-30http://www.companieshouse.gov.uk/2012-10-012013-09-30http://www.companieshouse.gov.uk/2013-10-012014-09-30http://www.companieshouse.gov.uk/2013-09-30http://www.companieshouse.gov.uk/2014-09-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-10-012014-09-30http://www.companieshouse.gov.uk/2013-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03848359
PodSystem Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/09/2014
Prepared By:
Balmer Accountancy Ltd
Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

PodSystem Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/09/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 03848359

PodSystem Limited
Registered Number: 03848359
BALANCE SHEET AT 30/09/2014
20142013
Notes££
FIXED ASSETS
Intangible assets2139,266143,823
CURRENT ASSETS
Debtors (amounts falling due within one year)4366,021331,062
Cash at bank and in hand41,42852,588
407,449383,650
CREDITORS: Amounts falling due within one year102,386114,039
NET CURRENT ASSETS305,063269,611
TOTAL ASSETS LESS CURRENT LIABILITIES444,329413,434
CREDITORS: Amounts falling due after more than one year5321,830296,620
NET ASSETS122,499116,814
CAPITAL AND RESERVES
Called up share capital61,2001,000
Share premium account49,66049,660
Profit and loss account71,63966,154
SHAREHOLDERS' FUNDS122,499116,814
For the year ending 30/09/2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 17/03/2015 and signed on their behalf by
Charles Towers-Clark
Director

PodSystem Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1d. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
No provision is made for deferred taxation.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

PodSystem Limited
2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/10/2013258,110258,110
At 30/09/2014258,110258,110
Depreciation
At 01/10/2013114,287114,287
For the year4,5574,557
At 30/09/2014118,844118,844
Net Book Amounts
At 30/09/2014139,266139,266
At 30/09/2013143,823143,823
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/10/201359,40459,404
At 30/09/201459,40459,404
Depreciation
At 01/10/201359,40459,404
At 30/09/201459,40459,404
Net Book Amounts
At 30/09/2014--

PodSystem Limited
4. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors302,583315,829
Other debtors63,43815,233
366,021331,062
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Other creditors321,830296,620
321,830296,620
6. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
100 Class B shares of £1 each100
100 Class C shares of £1 each100
1,2001,000
100 Class B shares of £1 each100
100 Class C shares of £1 each100