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Company Registration No. 12645035 (England and Wales)
Potmeon Ltd Unaudited accounts for the year ended 30 June 2023
Potmeon Ltd Unaudited accounts Contents
Page
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Potmeon Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
- 
388 
Cash at bank and in hand
1,789 
7,492 
1,789 
7,880 
Creditors: amounts falling due within one year
(4,113)
(9,293)
Net current liabilities
(2,324)
(1,413)
Net liabilities
(2,324)
(1,413)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,325)
(1,414)
Shareholders' funds
(2,324)
(1,413)
For the year ending 30 June 2023 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 29 March 2024 and were signed on its behalf by
Rhian Kanat Director Company Registration No. 12645035
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Potmeon Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Potmeon Ltd is a private company, limited by shares, registered in England and Wales, registration number 12645035. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
388 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
3,573 
8,573 
Accruals
540 
720 
4,113 
9,293 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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