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Company Registration No. 14131858 (England and Wales)
Yaz Potters Ltd Unaudited accounts for the year ended 31 May 2024
Yaz Potters Ltd Unaudited accounts Contents
Page
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Yaz Potters Ltd Company Information for the year ended 31 May 2024
Director
Mr Cem YAZGAN
Company Number
14131858 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JY England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Yaz Potters Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,388 
7,790 
Current assets
Inventories
420 
450 
Cash at bank and in hand
5,205 
507 
5,625 
957 
Creditors: amounts falling due within one year
1,086 
(918)
Net current assets
6,711 
39 
Net assets
13,099 
7,829 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,999 
7,729 
Shareholders' funds
13,099 
7,829 
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Mr Cem YAZGAN Director Company Registration No. 14131858
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Yaz Potters Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Yaz Potters Ltd is a private company, limited by shares, registered in England and Wales, registration number 14131858. The registered office is 214 Baker Street, Enfield, EN1 3JY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. . Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% - reducing balance
Fixtures & fittings
18% - reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Yaz Potters Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
2,000 
7,500 
9,500 
At 31 May 2024
2,000 
7,500 
9,500 
Depreciation
At 1 June 2023
360 
1,350 
1,710 
Charge for the year
295 
1,107 
1,402 
At 31 May 2024
655 
2,457 
3,112 
Net book value
At 31 May 2024
1,345 
5,043 
6,388 
At 31 May 2023
1,640 
6,150 
7,790 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,327 
- 
Taxes and social security
1,903 
- 
Loans from directors
(5,066)
168 
Accruals
750 
750 
(1,086)
918 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Cem YAZGAN
Directors Loan Account
(168)
5,234 
- 
5,066 
(168)
5,234 
- 
5,066 
8
Average number of employees
During the year the average number of employees was 1 (2023: 3).
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