Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03342710 Mr Ronald Garlick Mrs Debra Garlick Mrs Debra Garlick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03342710 2023-03-31 03342710 2024-03-31 03342710 2023-04-01 2024-03-31 03342710 frs-core:CurrentFinancialInstruments 2024-03-31 03342710 frs-core:Non-currentFinancialInstruments 2024-03-31 03342710 frs-core:FurnitureFittings 2024-03-31 03342710 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03342710 frs-core:FurnitureFittings 2023-03-31 03342710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03342710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03342710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03342710 frs-core:MotorVehicles 2024-03-31 03342710 frs-core:MotorVehicles 2023-04-01 2024-03-31 03342710 frs-core:MotorVehicles 2023-03-31 03342710 frs-core:PlantMachinery 2024-03-31 03342710 frs-core:PlantMachinery 2023-04-01 2024-03-31 03342710 frs-core:PlantMachinery 2023-03-31 03342710 frs-core:WithinOneYear 2024-03-31 03342710 frs-core:ShareCapital 2024-03-31 03342710 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03342710 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03342710 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03342710 frs-bus:SmallEntities 2023-04-01 2024-03-31 03342710 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03342710 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03342710 frs-core:UnlistedNon-exchangeTraded 2024-03-31 03342710 frs-core:UnlistedNon-exchangeTraded 2023-03-31 03342710 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 03342710 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 03342710 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 03342710 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 03342710 frs-bus:Director1 2023-04-01 2024-03-31 03342710 frs-bus:Director2 2023-04-01 2024-03-31 03342710 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03342710 frs-core:Non-currentFinancialInstruments 9 2024-03-31 03342710 frs-countries:EnglandWales 2023-04-01 2024-03-31 03342710 2022-03-31 03342710 2023-03-31 03342710 2022-04-01 2023-03-31 03342710 frs-core:CurrentFinancialInstruments 2023-03-31 03342710 frs-core:Non-currentFinancialInstruments 2023-03-31 03342710 frs-core:BetweenOneFiveYears 2023-03-31 03342710 frs-core:WithinOneYear 2023-03-31 03342710 frs-core:ShareCapital 2023-03-31 03342710 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03342710 frs-core:Non-currentFinancialInstruments 9 2023-03-31
Registered number: 03342710
Potteries Waste Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Beaumonts Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03342710
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,580,276 2,880,412
Investments 5 473,958 473,958
3,054,234 3,354,370
CURRENT ASSETS
Stocks 6 5,070 4,290
Debtors 7 682,018 751,071
Cash at bank and in hand 467,961 712,031
1,155,049 1,467,392
Creditors: Amounts Falling Due Within One Year (557,940 ) (1,002,046 )
NET CURRENT ASSETS (LIABILITIES) 597,109 465,346
TOTAL ASSETS LESS CURRENT LIABILITIES 3,651,343 3,819,716
Creditors: Amounts Falling Due After More Than One Year 8 (279,630 ) (199,101 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (247,340 ) (286,365 )
NET ASSETS 3,124,373 3,334,250
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 3,124,273 3,334,150
SHAREHOLDERS' FUNDS 3,124,373 3,334,250
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ronald Garlick
Director
Mrs Debra Garlick
Director
30/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Potteries Waste Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03342710 . The registered office is Turner Crescent, Loomer Road, Chesterton, Newcastle-under-Lyme, ST5 7JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold Not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 26)
26 26
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 893,397 926,683 2,002,361 15,215 3,837,656
Additions - 30,045 271,075 - 301,120
Disposals - (86,783 ) (367,703 ) - (454,486 )
As at 31 March 2024 893,397 869,945 1,905,733 15,215 3,684,290
Depreciation
As at 1 April 2023 - 216,916 726,089 14,239 957,244
Provided during the period - 136,276 247,608 195 384,079
Disposals - (43,374 ) (193,935 ) - (237,309 )
As at 31 March 2024 - 309,818 779,762 14,434 1,104,014
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 893,397 560,127 1,125,971 781 2,580,276
As at 1 April 2023 893,397 709,767 1,276,272 976 2,880,412
5. Investments
Unlisted
£
Cost
As at 1 April 2023 473,958
As at 31 March 2024 473,958
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 473,958
As at 1 April 2023 473,958
6. Stocks
2024 2023
£ £
Materials 5,070 4,290
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 449,553 524,899
Prepayments and accrued income 27,836 28,448
Due from Related Company 204,629 197,724
682,018 751,071
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 37,096
Sums due to Directors 279,630 162,005
279,630 199,101
Page 4
Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,318 105,808
Later than one year and not later than five years - 37,096
39,318 142,904
39,318 142,904
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5