IRIS Accounts Production v24.3.0.553 06845433 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068454332023-03-31068454332024-03-31068454332023-04-012024-03-31068454332022-03-31068454332022-04-012023-03-31068454332023-03-3106845433ns15:EnglandWales2023-04-012024-03-3106845433ns14:PoundSterling2023-04-012024-03-3106845433ns10:Director12023-04-012024-03-3106845433ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106845433ns10:SmallEntities2023-04-012024-03-3106845433ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106845433ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106845433ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106845433ns10:AbridgedAccounts2023-04-012024-03-3106845433ns10:CompanySecretary12023-04-012024-03-3106845433ns10:RegisteredOffice2023-04-012024-03-3106845433ns5:CurrentFinancialInstruments2024-03-3106845433ns5:CurrentFinancialInstruments2023-03-3106845433ns5:ShareCapital2024-03-3106845433ns5:ShareCapital2023-03-3106845433ns5:RetainedEarningsAccumulatedLosses2024-03-3106845433ns5:RetainedEarningsAccumulatedLosses2023-03-3106845433ns5:FurnitureFittings2023-04-012024-03-3106845433ns5:ComputerEquipment2023-04-012024-03-31
REGISTERED NUMBER: 06845433 (England and Wales)












POTENTIAL REALISED - HR & TRAINING
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






POTENTIAL REALISED - HR & TRAINING
LIMITED (REGISTERED NUMBER: 06845433)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


POTENTIAL REALISED - HR & TRAINING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs L M Manir-Jolley





SECRETARY: Mr M Manir-Jolley





REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB





REGISTERED NUMBER: 06845433 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

POTENTIAL REALISED - HR & TRAINING
LIMITED (REGISTERED NUMBER: 06845433)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,599 17,529

CURRENT ASSETS
Stocks 75,426 -
Debtors 102,738 123,895
Cash at bank 42,062 131,790
220,226 255,685
CREDITORS
Amounts falling due within one year 47,431 101,139
NET CURRENT ASSETS 172,795 154,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,394

172,075

PROVISIONS FOR LIABILITIES 2,394 3,331
NET ASSETS 183,000 168,744

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 182,999 168,743
SHAREHOLDERS' FUNDS 183,000 168,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 her 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.

POTENTIAL REALISED - HR & TRAINING
LIMITED (REGISTERED NUMBER: 06845433)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Mrs L M Manir-Jolley - Director


POTENTIAL REALISED - HR & TRAINING
LIMITED (REGISTERED NUMBER: 06845433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Potential Realised - HR & Training 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents net invoiced value of services supplied, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


POTENTIAL REALISED - HR & TRAINING
LIMITED (REGISTERED NUMBER: 06845433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 40,921
Additions 831
At 31 March 2024 41,752
DEPRECIATION
At 1 April 2023 23,392
Charge for year 5,761
At 31 March 2024 29,153
NET BOOK VALUE
At 31 March 2024 12,599
At 31 March 2023 17,529

5. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L M Manir-Jolley.