POD Active Europe Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08526352 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2015

for

POD Active Europe Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G P Maloney

SECRETARY:

T Fraser

REGISTERED OFFICE:

Unit G18 Tromso Close

Tyne Tunnel Trading Estate

North Shields

Tyne and Wear

NE29 7XH

REGISTERED NUMBER:

08526352 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

2

49,242

52,801

CURRENT ASSETS

Stocks

145,993

47,138

Debtors

53,694

53,763

Cash at bank

95,174

86,953

294,861

187,854

CREDITORS

Amounts falling due within one year

3

106,476

158,210

NET CURRENT ASSETS

188,385

29,644

TOTAL ASSETS LESS CURRENT LIABILITIES

237,627

82,445

CREDITORS

Amounts falling due after more than one year

3

-

(29,167

)

PROVISIONS FOR LIABILITIES

(1,644

)

-

NET ASSETS

235,983

53,278

CAPITAL AND RESERVES

Called up share capital

4

120,000

120,000

Profit and loss account

115,983

(66,722

)

SHAREHOLDERS' FUNDS

235,983

53,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 March 2016 and were signed by:

G P Maloney - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

16.67% on cost

Fixtures and fittings

-

10 - 20% on cost

Motor vehicles

-

6.67% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

57,497

Additions

1,864

At 30 June 2015

59,361

DEPRECIATION

At 1 July 2014

4,696

Charge for year

5,423

At 30 June 2015

10,119

NET BOOK VALUE

At 30 June 2015

49,242

At 30 June 2014

52,801

3.

CREDITORS

Creditors include an amount of £ 29,810 (2014 - £ 79,167 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

120,000

Ordinary

£1

120,000

120,000

5.	ULTIMATE PARENT COMPANY

POD I.P. PTY Ltd (incorporated in Australia ) is regarded by the director as being the company's ultimate parent company.