IRIS Accounts Production v24.1.0.578 05485891 director 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054858912022-07-31054858912023-07-31054858912022-08-012023-07-31054858912021-07-31054858912021-08-012022-07-31054858912022-07-3105485891ns15:EnglandWales2022-08-012023-07-3105485891ns14:PoundSterling2022-08-012023-07-3105485891ns10:Director12022-08-012023-07-3105485891ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105485891ns10:SmallEntities2022-08-012023-07-3105485891ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3105485891ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105485891ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105485891ns10:FullAccounts2022-08-012023-07-310548589112022-08-012023-07-3105485891ns10:CompanySecretary12022-08-012023-07-3105485891ns10:RegisteredOffice2022-08-012023-07-3105485891ns5:CurrentFinancialInstruments2023-07-3105485891ns5:CurrentFinancialInstruments2022-07-3105485891ns5:Non-currentFinancialInstruments2023-07-3105485891ns5:Non-currentFinancialInstruments2022-07-3105485891ns5:ShareCapital2023-07-3105485891ns5:ShareCapital2022-07-3105485891ns5:RetainedEarningsAccumulatedLosses2023-07-3105485891ns5:RetainedEarningsAccumulatedLosses2022-07-3105485891ns5:NetGoodwill2022-08-012023-07-3105485891ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3105485891ns5:PlantMachinery2022-08-012023-07-3105485891ns5:ComputerEquipment2022-08-012023-07-3105485891ns5:NetGoodwill2022-07-3105485891ns5:NetGoodwill2023-07-3105485891ns5:NetGoodwill2022-07-3105485891ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3105485891ns5:PlantMachinery2022-07-3105485891ns5:ComputerEquipment2022-07-3105485891ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3105485891ns5:PlantMachinery2023-07-3105485891ns5:ComputerEquipment2023-07-3105485891ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3105485891ns5:PlantMachinery2022-07-3105485891ns5:ComputerEquipment2022-07-3105485891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105485891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105485891ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3105485891ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3105485891ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3105485891ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-31
REGISTERED NUMBER: 05485891 (England and Wales)















POTTERY STREET LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2023






POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


POTTERY STREET LIMITED

Company Information
for the year ended 31 July 2023







Director: S F Douglas





Secretary: D M Dowzell





Registered office: First Floor
Saggar House
Princes Drive
Worcester
Worcestershire
WR1 2PG





Registered number: 05485891 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
Office 401, 4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pottery Street Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pottery Street Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pottery Street Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pottery Street Limited and state those matters that we have agreed to state to the director of Pottery Street Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pottery Street Limited and its director for our work or for this report.

It is your duty to ensure that Pottery Street Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pottery Street Limited. You consider that Pottery Street Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pottery Street Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
Office 401, 4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


15 April 2024

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - 222
Tangible assets 5 5,240 6,400
5,240 6,622

Current assets
Stocks 10,449 8,662
Debtors 6 109,067 141,777
Cash at bank and in hand 4,987 68,248
124,503 218,687
Creditors
Amounts falling due within one year 7 83,376 89,528
Net current assets 41,127 129,159
Total assets less current liabilities 46,367 135,781

Creditors
Amounts falling due after more than one
year

8

46,178

66,667
Net assets 189 69,114

Capital and reserves
Called up share capital 1 1
Retained earnings 188 69,113
189 69,114

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





S F Douglas - Director


POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Notes to the Financial Statements
for the year ended 31 July 2023

1. Statutory information

Pottery Street Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Franchise fees
Franchise fees, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Restaurant equipment - 33% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. Employees and directors

The average number of employees during the year was 19 (2022 - 20 ) .

4. Intangible fixed assets
Franchise
fees
£
Cost
At 1 August 2022
and 31 July 2023 7,253
Amortisation
At 1 August 2022 7,031
Amortisation for year 222
At 31 July 2023 7,253
Net book value
At 31 July 2023 -
At 31 July 2022 222

5. Tangible fixed assets
Short Restaurant Computer
leasehold equipment equipment Totals
£ £ £ £
Cost
At 1 August 2022 11,544 304,824 - 316,368
Additions - - 1,458 1,458
At 31 July 2023 11,544 304,824 1,458 317,826
Depreciation
At 1 August 2022 11,544 298,424 - 309,968
Charge for year - 2,132 486 2,618
At 31 July 2023 11,544 300,556 486 312,586
Net book value
At 31 July 2023 - 4,268 972 5,240
At 31 July 2022 - 6,400 - 6,400

6. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 80,167 125,389
Directors' current accounts 3,432 -
S455 Corporation tax debtor 10,117 8,959
Deferred tax asset 15,351 7,429
109,067 141,777

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 18,072 16,667
Trade creditors 11,287 13,760
Corporation tax (10,813 ) 17,132
Social security and other taxes 2,857 3,024
VAT 14,162 10,021
Other creditors 348 394
Directors' current accounts - 204
Accrued expenses 47,463 28,326
83,376 89,528

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 16,667 16,667
Bank loans - 2-5 years 29,511 50,000
46,178 66,667

9. Secured debts

NatWest Bank have a fixed and floating charge over all the assets of the undertaking which was created on 2 June 2006.