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Registered number: 08442644
Potus Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08442644
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,148 1,531
1,148 1,531
CURRENT ASSETS
Debtors 5 325,470 323,000
Cash at bank and in hand 13,345 16,662
338,815 339,662
Creditors: Amounts Falling Due Within One Year 6 (133,527 ) (130,404 )
NET CURRENT ASSETS (LIABILITIES) 205,288 209,258
TOTAL ASSETS LESS CURRENT LIABILITIES 206,436 210,789
Creditors: Amounts Falling Due After More Than One Year 7 (49,152 ) (50,000 )
NET ASSETS 157,284 160,789
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 157,184 160,689
SHAREHOLDERS' FUNDS 157,284 160,789
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Palbinder Kondel
Director
27/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Potus Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08442644 . The registered office is 101 Wanstead Park Road, Ilford, Essex, IG1 3TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 2,020 2,420 4,440
As at 31 March 2024 2,020 2,420 4,440
Depreciation
As at 1 April 2023 1,381 1,528 2,909
Provided during the period 160 223 383
As at 31 March 2024 1,541 1,751 3,292
Net Book Value
As at 31 March 2024 479 669 1,148
As at 1 April 2023 639 892 1,531
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 325,470 323,000
The Other debtors balance above relates to a loan to a connected company with no fixed repayment terms.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 19,590 16,468
Other creditors 113,937 113,936
133,527 130,404
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 49,152 50,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4