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REGISTERED NUMBER: 05485891 (England and Wales)















POTTERY STREET LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2024






POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


POTTERY STREET LIMITED

Company Information
for the year ended 31 July 2024







Director: S F Douglas





Secretary: D M Dowzell





Registered office: C/O Cooper Parry
Sky View, Argosy Road
East Midlands Airport, Castle Donington
Derby
Derbyshire
DE74 2SA





Registered number: 05485891 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 7,039 5,240
7,039 5,240

Current assets
Stocks 12,538 10,449
Debtors 6 68,702 109,067
Cash in hand 6,486 4,987
87,726 124,503
Creditors
Amounts falling due within one year 7 110,164 83,376
Net current (liabilities)/assets (22,438 ) 41,127
Total assets less current liabilities (15,399 ) 46,367

Creditors
Amounts falling due after more than one year 8 25,986 46,178
Net (liabilities)/assets (41,385 ) 189

Capital and reserves
Called up share capital 1 1
Retained earnings (41,386 ) 188
(41,385 ) 189

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 January 2025 and were signed by:





S F Douglas - Director


POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Notes to the Financial Statements
for the year ended 31 July 2024

1. Statutory information

Pottery Street Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Franchise fees
Franchise fees, being the amounts paid in connection with the acquisition of a business in 2006, is being written off evenly over the terms of the franchise agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Restaurant equipment - 33% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
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 26 (2023 - 19 ) .

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. Intangible fixed assets
Franchise
fees
£
Cost
At 1 August 2023
and 31 July 2024 7,253
Amortisation
At 1 August 2023
and 31 July 2024 7,253
Net book value
At 31 July 2024 -
At 31 July 2023 -

5. Tangible fixed assets
Short Restaurant Computer
leasehold equipment equipment Totals
£ £ £ £
Cost
At 1 August 2023 11,544 304,824 1,458 317,826
Additions - 4,950 - 4,950
At 31 July 2024 11,544 309,774 1,458 322,776
Depreciation
At 1 August 2023 11,544 300,556 486 312,586
Charge for year - 2,827 324 3,151
At 31 July 2024 11,544 303,383 810 315,737
Net book value
At 31 July 2024 - 6,391 648 7,039
At 31 July 2023 - 4,268 972 5,240

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,163 -
Other debtors 12,787 80,167
Directors' current accounts 11,612 3,432
S455 corporation tax debtor 12,878 10,117
Deferred tax asset 29,262 15,351
68,702 109,067

POTTERY STREET LIMITED (REGISTERED NUMBER: 05485891)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 30,427 18,072
Trade creditors 46,551 11,287
Corporation tax (129 ) (10,813 )
Social security and other taxes 5,849 2,857
VAT 3,782 14,162
Other creditors 12,819 348
Accrued expenses 10,865 47,463
110,164 83,376

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 16,667 16,667
Bank loans - 2-5 years 9,319 29,511
25,986 46,178

9. Secured debts

NatWest Bank have a fixed and floating charge over all the assets of the undertaking which was created on 2 June 2006.