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REGISTERED NUMBER: 13528261 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Glosters Pottery Ltd

Glosters Pottery Ltd (Registered number: 13528261)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glosters Pottery Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr T Gloster
Mrs M R Gloster





REGISTERED OFFICE: Unit A5
Penamser Industrial Estate
Porthmadog
Gwynedd
LL49 9GB





REGISTERED NUMBER: 13528261 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Glosters Pottery Ltd (Registered number: 13528261)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,400 3,400
Tangible assets 5 83,637 40,094
87,037 43,494

CURRENT ASSETS
Stocks 50,000 45,000
Debtors 6 9,231 3,729
Cash at bank and in hand 21,379 59,477
80,610 108,206
CREDITORS
Amounts falling due within one year 7 154,316 140,668
NET CURRENT LIABILITIES (73,706 ) (32,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,331

11,032

CREDITORS
Amounts falling due after more than one
year

8

-

(2,344

)

PROVISIONS FOR LIABILITIES (13,077 ) (7,618 )
NET ASSETS 254 1,070

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154 970
SHAREHOLDERS' FUNDS 254 1,070

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 directors acknowledge their 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.

Glosters Pottery Ltd (Registered number: 13528261)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Mr T Gloster - Director



Mrs M R Gloster - Director


Glosters Pottery Ltd (Registered number: 13528261)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Glosters Pottery Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Glosters Pottery Ltd (Registered number: 13528261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,400
NET BOOK VALUE
At 31 March 2024 3,400
At 31 March 2023 3,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 50,117
Additions 60,705
At 31 March 2024 110,822
DEPRECIATION
At 1 April 2023 10,023
Charge for year 17,162
At 31 March 2024 27,185
NET BOOK VALUE
At 31 March 2024 83,637
At 31 March 2023 40,094

Glosters Pottery Ltd (Registered number: 13528261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 13,787
DEPRECIATION
At 1 April 2023 2,757
Charge for year 2,206
At 31 March 2024 4,963
NET BOOK VALUE
At 31 March 2024 8,824
At 31 March 2023 11,030

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 898 -
Other debtors 8,333 3,729
9,231 3,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,316 2,209
Trade creditors 684 10,541
Taxation and social security 34,005 21,228
Other creditors 117,311 106,690
154,316 140,668

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 2,344