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Pottles Premier Plants Ltd
Registered Number:04496837
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Pottles Premier Plants Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04496837
As at 31 March 2024
Pottles Premier Plants Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
69,454
83,881
2
69,454
83,881
Current assets
Inventories
40,000
40,000
3
Trade and other receivables
91,672
103,548
4
64,489
Cash and cash equivalents
63,410
206,958
196,161
Trade and other payables: amounts falling due within one
year
(52,182)
(48,623)
5
143,979
158,335
Net current assets
Total assets less current liabilities
227,789
227,860
Trade and other payables: amounts falling due after more
than one year
(100,476)
(76,834)
6
(11,183)
(14,086)
Provisions for liabilities
139,772
Net assets
113,298
Capital and reserves
Called up share capital
230
230
Retained earnings
139,542
113,068
139,772
113,298
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr M Pottle Director
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by:
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4
Registered Number :
04496837
For the year ended 31 March 2024
Pottles Premier Plants Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Pottles Premier Plants Ltd
Notes to the Financial Statements
Statutory Information
Pottles Premier Plants Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04496837.
Registered address:
Orsedd Farm
Gorsedd
Holywell
Flintshire
CH8 8QZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Tunnels & sheds
5% Straight line
Plant and machinery
10% Straight line
10% Straight line
Computer equipment
20% Straight line
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 31 March 2024
Pottles Premier Plants Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
Tunnels &
sheds
£
£
£
£
£
Cost or
valuation
At 01 April 2023
239,913
1,975
138,146
36,645
63,147
2,850
-
-
-
2,850
Additions
At 31 March 2024
36,645
138,146
1,975
242,763
65,997
Provision for depreciation and impairment
At 01 April 2023
156,032
414
71,394
28,307
55,917
Charge for year
17,277
198
14,045
1,036
1,998
At 31 March 2024
173,309
612
85,439
29,343
57,915
At 31 March 2024
Net book value
8,082
7,302
52,707
1,363
69,454
At 31 March 2023
7,230
8,338
66,752
1,561
83,881
3. Inventories
2023
2024
£
£
Stocks
40,000
40,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
103,548
90,469
Other debtors
-
1,203
91,672
103,548
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
6,780
23,671
Taxation and social security
32,185
24,828
Accruals and deferred income
3,310
3,310
Other creditors
6,348
373
48,623
52,182
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7
For the year ended 31 March 2024
Pottles Premier Plants Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
100,476
76,834
Directors' loan accounts
7. Average number of persons employed
During the year the average number of employees was 6 (2023 : 5)
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