IRIS Accounts Production v24.2.0.383 01770118 Board of Directors 1.4.23 31.3.24 31.3.24 10.3.25 0 0 true false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017701182023-03-31017701182024-03-31017701182023-04-012024-03-31017701182022-03-31017701182022-04-012023-03-31017701182023-03-3101770118ns15:EnglandWales2023-04-012024-03-3101770118ns14:PoundSterling2023-04-012024-03-3101770118ns10:Director12023-04-012024-03-3101770118ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101770118ns10:SmallEntities2023-04-012024-03-3101770118ns10:Audited2023-04-012024-03-3101770118ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101770118ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101770118ns10:FullAccounts2023-04-012024-03-3101770118ns10:OrdinaryShareClass12023-04-012024-03-3101770118ns10:Director22023-04-012024-03-3101770118ns10:CompanySecretary12023-04-012024-03-3101770118ns10:RegisteredOffice2023-04-012024-03-3101770118ns5:CurrentFinancialInstruments2024-03-3101770118ns5:CurrentFinancialInstruments2023-03-3101770118ns5:ShareCapital2024-03-3101770118ns5:ShareCapital2023-03-3101770118ns5:RetainedEarningsAccumulatedLosses2024-03-3101770118ns5:RetainedEarningsAccumulatedLosses2023-03-3101770118ns5:CostValuation2023-03-3101770118ns5:Subsidiary12023-04-012024-03-3101770118ns5:Subsidiary112023-04-012024-03-3101770118ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101770118ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101770118ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 01770118 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

POTTERS POULTRY INTERNATIONAL LIMITED

POTTERS POULTRY INTERNATIONAL LIMITED (REGISTERED NUMBER: 01770118)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POTTERS POULTRY INTERNATIONAL LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J M Potter
O J Stacey





SECRETARY: C Parker





REGISTERED OFFICE: Prologis Park
Oxford Road
Ryton on Dunsmore
Coventry
Warwickshire
CV8 3EJ





REGISTERED NUMBER: 01770118 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
Chartered Accountants
Statutory Auditors
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

POTTERS POULTRY INTERNATIONAL LIMITED (REGISTERED NUMBER: 01770118)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 63 63

CURRENT ASSETS
Stocks 5 201,245 161,281
Debtors 6 66,732 40,285
Cash at bank 67,571 797
335,548 202,363
CREDITORS
Amounts falling due within one year 7 225,776 166,559
NET CURRENT ASSETS 109,772 35,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,835

35,867

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 109,735 35,767
SHAREHOLDERS' FUNDS 109,835 35,867

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 Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





J M Potter - Director


POTTERS POULTRY INTERNATIONAL LIMITED (REGISTERED NUMBER: 01770118)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Potters Poultry International 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.

The directors have prepared the financial statements on a going concern basis. The directors
have considered the following factors in their assessment of going concern.

The Company's ability to continue trading is dependent upon the directors’ management of cashflow. Management have prepared cashflow forecast for the next 12 months. Combined with current trading levels, the Directors believe the Company will continue to achieve business growth and maintain sufficient cash reserves to enable continue trading for the foreseeable future. The directors have a reasonable expectation that the Company will have adequate financial resources to continue operations and have therefore prepared the financial statements on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Potters Poultry International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, W Potter & Sons (Holdings) Ltd, Pro Logis Park, Oxford Rd, Ryton on Dunsmore, Coventry CV8 3EJ.

Turnover
Turnover represents the sale of poultry housing systems.
Sales are accounted for as long term contracts under the provisions of Section 23 FRS 102. Contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the proportion of total costs incurred at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

POTTERS POULTRY INTERNATIONAL LIMITED (REGISTERED NUMBER: 01770118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 63
NET BOOK VALUE
At 31 March 2024 63
At 31 March 2023 63

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Potters Poultry Inc
Registered office: USA
Nature of business: Promotion of poultry housing systems
%
Class of shares: holding
Common Stock 100.00

The directors consider the value of the investment to be equal to the cost of the investment.

5. STOCKS
2024 2023
£    £   
Work-in-progress 201,245 161,281

POTTERS POULTRY INTERNATIONAL LIMITED (REGISTERED NUMBER: 01770118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,234 32,787
Amounts owed by group undertakings 7,498 7,498
66,732 40,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,296 215
Amounts owed to group undertakings 3,026 5,063
Payments on account 221,454 161,281
225,776 166,559

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

10. ULTIMATE PARENT COMPANY

The ultimate controlling party is W Potter & Sons (Holdings) Ltd.