Registered number
08156778
Potato Solutions Limited
Filleted Accounts
31 March 2024
Potato Solutions Limited
Registered number: 08156778
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 108,191 102,689
Current assets
Debtors 4 78,740 50,413
Cash at bank and in hand 15,315 55,031
94,055 105,444
Creditors: amounts falling due within one year 5 (26,719) (16,784)
Net current assets 67,336 88,660
Total assets less current liabilities 175,527 191,349
Creditors: amounts falling due after more than one year 6 (40,374) (52,056)
Net assets 135,153 139,293
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,053 139,193
Shareholders' funds 135,153 139,293
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T J H Kitson
Director
Approved by the board on 31.07.24
Potato Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
Motor vehicle 25% reducing balance
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 90,206 101,680 191,886
Additions 11,332 34,020 45,352
Disposals - (27,995) (27,995)
At 31 March 2024 101,538 107,705 209,243
Depreciation
At 1 April 2023 41,356 47,841 89,197
Charge for the year 9,028 19,012 28,040
On disposals - (16,185) (16,185)
At 31 March 2024 50,384 50,668 101,052
Net book value
At 31 March 2024 51,154 57,037 108,191
At 31 March 2023 48,850 53,839 102,689
4 Debtors 2024 2023
£ £
Trade debtors 60,967 29,678
Other debtors 17,773 20,735
78,740 50,413
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,100 174
Taxation and social security costs 19,467 12,836
Other creditors 4,152 3,774
26,719 16,784
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,062 16,585
Obligations under finance lease and hire purchase contracts 28,312 35,471
40,374 52,056
7 Other information
Potato Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Britannia House
16 Hall Quay
Great Yarmouth
NR30 1HP
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