17 December 2020 false No description of principal activity Taxfiler 2022.8.3 13086715business:CompanyLimitedByGuarantee2020-12-172021-12-31 130867152020-12-16 130867152020-12-172021-12-31 13086715business:AuditExempt-NoAccountantsReport2020-12-172021-12-31 13086715business:AbridgedAccounts2020-12-172021-12-31 130867152021-12-31 13086715core:WithinOneYear2021-12-31 13086715core:RetainedEarningsAccumulatedLosses2021-12-31 13086715business:SmallEntities2020-12-172021-12-31 13086715business:Director12020-12-172021-12-31 13086715countries:EnglandWales2020-12-172021-12-31 13086715business:RegisteredOffice2020-12-172021-12-31 13086715core:FurnitureFittings2020-12-172021-12-31 13086715core:ComputerEquipment2020-12-172021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13086715 (England and Wales)
Potentialisation Ltd Unaudited accounts for the period from 17 December 2020 to 31 December 2021
Potentialisation Ltd Statement of financial position as at 31 December 2021
2021 
Notes
£ 
Fixed assets
Intangible assets
12,242 
Tangible assets
2,139 
14,381 
Current assets
Debtors
1,989 
Cash at bank and in hand
433 
2,422 
Creditors: amounts falling due within one year
(28,197)
Net current liabilities
(25,775)
Net liabilities
(11,394)
Reserves
Profit and loss account
(11,394)
Members' funds
(11,394)
For the period ending 31 December 2021 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by
Jonathan Roy Twigge Director Company Registration No. 13086715
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Potentialisation Ltd Notes to the Accounts for the period from 17 December 2020 to 31 December 2021
1
Statutory information
Potentialisation Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 13086715. The registered office is 36 Eastbourne Crescent, Stockport, Cheshire, SK5 8BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Potentialisation Ltd Notes to the Accounts for the period from 17 December 2020 to 31 December 2021
4
Intangible fixed assets
Total 
£ 
Cost
At 17 December 2020
- 
Additions
12,242 
At 31 December 2021
12,242 
Amortisation
At 17 December 2020
- 
At 31 December 2021
- 
Net book value
At 31 December 2021
12,242 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 17 December 2020
- 
Additions
3,570 
At 31 December 2021
3,570 
Depreciation
Charge for the period
1,431 
At 31 December 2021
1,431 
Net book value
At 31 December 2021
2,139 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the period the average number of employees was 0.
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