Company registration number 12130890 (England and Wales)
Potyque Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Potyque Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Potyque Limited
Statement Of Financial Position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,129
2,395
Current assets
Stocks
21,528
38,817
Debtors
627
174
Cash at bank and in hand
2,871
1,813
25,026
40,804
Creditors: amounts falling due within one year
(155,635)
(140,439)
Net current liabilities
(130,609)
(99,635)
Net liabilities
(129,480)
(97,240)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(129,482)
(97,242)
Total equity
(129,480)
(97,240)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 7 November 2024 and are signed on its behalf by:
M C Rust
Director
Company registration number 12130890 (England and Wales)
Potyque Limited
Notes to the financial statements
for the year ended 30 April 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Branding & Development
5 year straight line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
Potyque Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 3 -
3
Tangible fixed assets
Branding & Development
£
Cost
At 1 May 2023 and 30 April 2024
6,331
Depreciation and impairment
At 1 May 2023
3,936
Depreciation charged in the year
1,266
At 30 April 2024
5,202
Carrying amount
At 30 April 2024
1,129
At 30 April 2023
2,395
4
Company information
Potyque Limited is a private company limited by shares incorporated in England and Wales. The registered office is Yew Tree Barn, Low Town, Kirkburton, West Yorkshire, HD8 0SB.