2023-04-012024-03-312024-03-31false12505202POTTERS BUDE LTD2024-04-0456101iso4217:GBPxbrli:pure125052022023-04-01125052022024-03-31125052022023-04-012024-03-31125052022022-04-01125052022023-03-31125052022022-04-012023-03-3112505202bus:SmallEntities2023-04-012024-03-3112505202bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3112505202bus:FullAccounts2023-04-012024-03-3112505202bus:PrivateLimitedCompanyLtd2023-04-012024-03-3112505202core:WithinOneYear2024-03-3112505202core:AfterOneYear2024-03-3112505202core:WithinOneYear2023-03-3112505202core:AfterOneYear2023-03-3112505202core:ShareCapital2024-03-3112505202core:SharePremium2024-03-3112505202core:RevaluationReserve2024-03-3112505202core:OtherReservesSubtotal2024-03-3112505202core:RetainedEarningsAccumulatedLosses2024-03-3112505202core:ShareCapital2023-03-3112505202core:SharePremium2023-03-3112505202core:RevaluationReserve2023-03-3112505202core:OtherReservesSubtotal2023-03-3112505202core:RetainedEarningsAccumulatedLosses2023-03-3112505202core:LandBuildings2024-03-3112505202core:PlantMachinery2024-03-3112505202core:Vehicles2024-03-3112505202core:FurnitureFittings2024-03-3112505202core:OfficeEquipment2024-03-3112505202core:NetGoodwill2024-03-3112505202core:IntangibleAssetsOtherThanGoodwill2024-03-3112505202core:ListedExchangeTraded2024-03-3112505202core:UnlistedNon-exchangeTraded2024-03-3112505202core:LandBuildings2023-03-3112505202core:PlantMachinery2023-03-3112505202core:Vehicles2023-03-3112505202core:FurnitureFittings2023-03-3112505202core:OfficeEquipment2023-03-3112505202core:NetGoodwill2023-03-3112505202core:IntangibleAssetsOtherThanGoodwill2023-03-3112505202core:ListedExchangeTraded2023-03-3112505202core:UnlistedNon-exchangeTraded2023-03-3112505202core:LandBuildings2023-04-012024-03-3112505202core:PlantMachinery2023-04-012024-03-3112505202core:Vehicles2023-04-012024-03-3112505202core:FurnitureFittings2023-04-012024-03-3112505202core:OfficeEquipment2023-04-012024-03-3112505202core:NetGoodwill2023-04-012024-03-3112505202core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112505202core:ListedExchangeTraded2023-04-012024-03-3112505202core:UnlistedNon-exchangeTraded2023-04-012024-03-3112505202core:MoreThanFiveYears2023-04-012024-03-3112505202core:Non-currentFinancialInstruments2024-03-3112505202core:Non-currentFinancialInstruments2023-03-3112505202dpl:CostSales2023-04-012024-03-3112505202dpl:DistributionCosts2023-04-012024-03-3112505202core:LandBuildings2023-04-012024-03-3112505202core:PlantMachinery2023-04-012024-03-3112505202core:Vehicles2023-04-012024-03-3112505202core:FurnitureFittings2023-04-012024-03-3112505202core:OfficeEquipment2023-04-012024-03-3112505202dpl:AdministrativeExpenses2023-04-012024-03-3112505202core:NetGoodwill2023-04-012024-03-3112505202core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112505202dpl:GroupUndertakings2023-04-012024-03-3112505202dpl:ParticipatingInterests2023-04-012024-03-3112505202dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3112505202core:ListedExchangeTraded2023-04-012024-03-3112505202dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3112505202core:UnlistedNon-exchangeTraded2023-04-012024-03-3112505202dpl:CostSales2022-04-012023-03-3112505202dpl:DistributionCosts2022-04-012023-03-3112505202core:LandBuildings2022-04-012023-03-3112505202core:PlantMachinery2022-04-012023-03-3112505202core:Vehicles2022-04-012023-03-3112505202core:FurnitureFittings2022-04-012023-03-3112505202core:OfficeEquipment2022-04-012023-03-3112505202dpl:AdministrativeExpenses2022-04-012023-03-3112505202core:NetGoodwill2022-04-012023-03-3112505202core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112505202dpl:GroupUndertakings2022-04-012023-03-3112505202dpl:ParticipatingInterests2022-04-012023-03-3112505202dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112505202core:ListedExchangeTraded2022-04-012023-03-3112505202dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112505202core:UnlistedNon-exchangeTraded2022-04-012023-03-3112505202core:NetGoodwill2024-03-3112505202core:IntangibleAssetsOtherThanGoodwill2024-03-3112505202core:LandBuildings2024-03-3112505202core:PlantMachinery2024-03-3112505202core:Vehicles2024-03-3112505202core:FurnitureFittings2024-03-3112505202core:OfficeEquipment2024-03-3112505202core:AfterOneYear2024-03-3112505202core:WithinOneYear2024-03-3112505202core:ListedExchangeTraded2024-03-3112505202core:UnlistedNon-exchangeTraded2024-03-3112505202core:ShareCapital2024-03-3112505202core:SharePremium2024-03-3112505202core:RevaluationReserve2024-03-3112505202core:OtherReservesSubtotal2024-03-3112505202core:RetainedEarningsAccumulatedLosses2024-03-3112505202core:NetGoodwill2023-03-3112505202core:IntangibleAssetsOtherThanGoodwill2023-03-3112505202core:LandBuildings2023-03-3112505202core:PlantMachinery2023-03-3112505202core:Vehicles2023-03-3112505202core:FurnitureFittings2023-03-3112505202core:OfficeEquipment2023-03-3112505202core:AfterOneYear2023-03-3112505202core:WithinOneYear2023-03-3112505202core:ListedExc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POTTERS BUDE LTD

Registered Number
12505202
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

POTTERS BUDE LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Oliver Clarke
Nicola Clarke

Registered Address

2 Lansdown Road
Bude
EX23 8BH

Registered Number

12505202 (England and Wales)
POTTERS BUDE LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets345,22752,610
45,22752,610
Current assets
Stocks48,7509,000
Debtors8,0472,375
Cash at bank and on hand5,94021,285
22,73732,660
Creditors amounts falling due within one year5(46,285)(44,583)
Net current assets (liabilities)(23,548)(11,923)
Total assets less current liabilities21,67940,687
Provisions for liabilities6(3,393)(4,464)
Net assets18,28636,223
Capital and reserves
Called up share capital100100
Profit and loss account18,18636,123
Shareholders' funds18,28636,223
The financial statements were approved and authorised for issue by the Board of Directors on 4 April 2024, and are signed on its behalf by:
Nicola Clarke
Director
Oliver Clarke
Director

Registered Company No. 12505202
POTTERS BUDE LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year910
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 2354,55432,95087,504
Additions3,925-3,925
At 31 March 2458,47932,95091,429
Depreciation and impairment
At 01 April 2323,03211,86234,894
Charge for year7,0904,21811,308
At 31 March 2430,12216,08046,202
Net book value
At 31 March 2428,35716,87045,227
At 31 March 2331,52221,08852,610
4.Stocks

2024

2023

££
Raw materials and consumables8,7509,000
Total8,7509,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,6698,617
Taxation and social security9,7813,059
Finance lease and HP contracts-3,983
Other creditors31,83528,924
Total46,28544,583
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,3934,464
Total3,3934,464