Potteries Developments Limited 14155545 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Development of building projects Digita Accounts Production Advanced 6.30.9574.0 true true 14155545 2023-07-01 2024-06-30 14155545 2024-06-30 14155545 core:CurrentFinancialInstruments 2024-06-30 14155545 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14155545 bus:SmallEntities 2023-07-01 2024-06-30 14155545 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14155545 bus:FullAccounts 2023-07-01 2024-06-30 14155545 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14155545 bus:RegisteredOffice 2023-07-01 2024-06-30 14155545 bus:Director1 2023-07-01 2024-06-30 14155545 bus:Director2 2023-07-01 2024-06-30 14155545 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14155545 countries:England 2023-07-01 2024-06-30 14155545 2022-06-07 2023-06-30 14155545 2023-06-30 14155545 core:CurrentFinancialInstruments 2023-06-30 14155545 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 14155545

Potteries Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Potteries Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Potteries Developments Limited

Company Information

Directors

Mr Sean Goodwin

Mr Dale Wherton

Registered office

Suite G18
Genesis Centre
Innovation Way
Stoke on Trent
ST6 4BF

Accountants

FHS Accounting Limited
Chartered Certified Accountants
Suite G18
Genesis Centre
Innovation Way
Stoke on Trent
ST6 4BF

 

Potteries Developments Limited

(Registration number: 14155545)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

4

2

Cash at bank and in hand

 

144

-

 

148

2

Creditors: Amounts falling due within one year

5

(582)

-

Net (liabilities)/assets

 

(434)

2

Capital and reserves

 

Called up share capital

4

2

Retained earnings

(438)

-

Shareholders' (deficit)/funds

 

(434)

2

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................
Mr Dale Wherton
Director

 

Potteries Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite G18
Genesis Centre
Innovation Way
Stoke on Trent
ST6 4BF

These financial statements were authorised for issue by the Board on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

 

Potteries Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

Current

2024
£

2023
£

Other debtors

4

2

 

4

2

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

582

-

6

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

 

Potteries Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Non adjusting events after the financial period