2023-11-01 07400359 2024-10-31 07400359 2023-11-01 2024-10-31 07400359 2023-10-31 07400359 2022-11-01 2023-10-31 07400359 uk-core:WithinOneYear 2023-10-31 07400359 uk-core:WithinOneYear 2024-10-31 07400359 uk-core:ShareCapital 2024-10-31 07400359 uk-core:ShareCapital 2023-10-31 07400359 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 07400359 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 07400359 uk-bus:Director1 2023-11-01 2024-10-31 07400359 uk-core:NetGoodwill 2023-11-01 2024-10-31 07400359 uk-core:Vehicles 2023-10-31 07400359 uk-core:PlantMachinery 2023-10-31 07400359 uk-core:PlantMachinery 2024-10-31 07400359 uk-core:Vehicles 2024-10-31 07400359 uk-core:Vehicles 2023-11-01 2024-10-31 07400359 uk-core:PlantMachinery 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure 07400359 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07400359 uk-bus:FRS102 2023-11-01 2024-10-31 07400359 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 07400359 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
POTTERS WELDING LIMITED
Registered Number:07400359
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
07400359
As at 31 October 2024
POTTERS WELDING LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
11,066
12,066
2
11,066
12,066
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
KARL POTTER Director
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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3
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.
Registered address:
THATCHED COTTAGE
ALL SAINTS ROAD
CREETING ST MARY
IPSWICH
IP6 8PW
The presentation currency is £ sterling.
1. Accounting policies
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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4
For the year ended 31 October 2024
POTTERS WELDING LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 November 2023
34,066
21,066
13,000
At 31 October 2024
13,000
21,066
34,066
Provision for depreciation and impairment
At 01 November 2023
22,000
15,000
7,000
Charge for year
1,000
-
1,000
At 31 October 2024
23,000
15,000
8,000
At 31 October 2024
Net book value
5,000
6,066
11,066
At 31 October 2023
6,000
6,066
12,066
3. Trade and other receivables
2023
2024
£
£
Trade debtors
12,400
11,150
Other debtors
12,633
3,304
14,454
25,033
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
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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