Registered Number:07400359 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
POTTERS WELDING LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
11,066
12,066
2
11,066
12,066
Trade and other receivables |
14,454
25,033
3
32,105
Cash and cash equivalents |
31,740
56,773
46,559
Trade and other payables: amounts falling due within one |
year |
(13,523)
(15,750)
4
33,036
41,023
Net current assets
Total assets less current liabilities |
52,089
45,102
52,089
Net assets
45,102
100
100
51,989
45,002
52,089
45,102
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 December 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2024
POTTERS WELDING LIMITED
Notes to the Financial Statements
Statutory Information
POTTERS WELDING LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07400359. |
THATCHED COTTAGE
ALL SAINTS ROAD
CREETING ST MARY
IPSWICH
IP6 8PW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 31 October 2024
POTTERS WELDING LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
34,066
21,066
13,000
13,000
21,066
34,066
Provision for depreciation and impairment |
22,000
15,000
7,000
Charge for year
1,000
-
1,000
23,000
15,000
8,000
5,000
6,066
11,066
6,000
6,066
12,066
3. Trade and other receivables |
2023
2024
12,400
11,150
12,633
3,304
14,454
25,033
4. Trade and other payables: amounts falling due within one year |
2023
2024
1,100
850
Taxation and social security |
14,650
12,673
15,750
13,523
5. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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