Registered number
11198165
Potion Dynamo Limited
Filleted Accounts
30 September 2024
Potion Dynamo Limited
Registered number: 11198165
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Stocks - 64,338
Debtors 3 - 7,845
Cash at bank and in hand 15,665 80,490
15,665 152,673
Creditors: amounts falling due within one year 4 (353,721) (15,332)
Net current (liabilities)/assets (338,056) 137,341
Total assets less current liabilities (338,056) 137,341
Creditors: amounts falling due after more than one year 5 - (356,724)
Net liabilities (338,056) (219,383)
Capital and reserves
Called up share capital 2 2
Profit and loss account (338,058) (219,385)
Shareholder's funds (338,056) (219,383)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Elise Kandrac
Director
Approved by the board on 21 October 2024
Potion Dynamo Limited
Notes to the Accounts
for the period from 1 January 2024 to 30 September 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
Tax loss arising in the current period has been carried forward to offset againt future taxable profits. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is not considered material
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Other debtors - 7,845
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 81 125
Taxation and social security costs (4,389) 13,007
Other creditors 358,029 2,200
353,721 15,332
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account - 356,724
6 Other information
Potion Dynamo Limited is a private company limited by shares and incorporated in England. Its registered office is:
127 Cambridge Street
London
SW1V 4PZ
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