2023-04-01 07753751 2024-03-31 07753751 2023-04-01 2024-03-31 07753751 2023-03-31 07753751 2022-04-01 2023-03-31 07753751 uk-core:WithinOneYear 2023-03-31 07753751 uk-core:WithinOneYear 2024-03-31 07753751 uk-core:AfterOneYear 2023-03-31 07753751 uk-core:AfterOneYear 2024-03-31 07753751 uk-core:ShareCapital 2024-03-31 07753751 uk-core:ShareCapital 2023-03-31 07753751 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07753751 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07753751 uk-bus:Director1 2023-04-01 2024-03-31 07753751 uk-core:NetGoodwill 2023-04-01 2024-03-31 07753751 uk-core:ToolsEquipment 2023-04-01 2024-03-31 07753751 uk-core:MotorVehicles 2023-04-01 2024-03-31 07753751 uk-core:FurnitureFittings 2023-04-01 2024-03-31 07753751 uk-core:Goodwill 2023-03-31 07753751 uk-core:Goodwill 2024-03-31 07753751 uk-core:ToolsEquipment 2023-03-31 07753751 uk-core:FurnitureFittings 2023-03-31 07753751 uk-core:FurnitureFittings 2024-03-31 07753751 uk-core:ToolsEquipment 2024-03-31 07753751 uk-core:WithinOneYear uk-core:Secured 2024-03-31 07753751 uk-core:WithinOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 07753751 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07753751 uk-bus:FRS102 2023-04-01 2024-03-31 07753751 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07753751 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Potent Solutions Limited
Registered Number:07753751
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Potent Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07753751
As at 31 March 2024
Potent Solutions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
545,271
545,271
2
Property, plant and equipment
6,491
8,916
3
551,762
554,187
Current assets
Inventories
10,391
4,620
4
Trade and other receivables
583,307
478,512
5
62,395
Cash and cash equivalents
81,028
564,160
656,093
Trade and other payables: amounts falling due within one
year
(217,553)
(249,928)
6
438,540
314,232
Net current assets
Total assets less current liabilities
865,994
992,727
Trade and other payables: amounts falling due after more
than one year
(321,259)
(420,924)
7
(878)
(1,260)
Provisions for liabilities
444,192
Net assets
670,208
Capital and reserves
Called up share capital
2
2
Retained earnings
444,190
670,206
444,192
670,208
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07753751
For the year ended 31 March 2024
Potent Solutions Limited
Statement of Financial Position Continued
Zubeir Patel Director
These financial statements were approved and authorised for issue by the Board on 26 March 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Potent Solutions Limited
Notes to the Financial Statements
Statutory Information
Potent Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07753751.
Registered address:
The Crescent Banqueting Hall
Lever Street
Bolton
Lancashire
BL3 6NN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer equipment
25 Straight line
Motor vehicles
10 Straight line
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
545,271
At 31 March 2024
545,271
Net book value
At 31 March 2024
545,271
At 31 March 2023
545,271
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6
For the year ended 31 March 2024
Potent Solutions Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2023
44,414
13,747
30,667
608
608
-
Additions
(13,319)
-
Disposals
(13,319)
At 31 March 2024
30,667
1,036
31,703
Provision for depreciation and impairment
At 01 April 2023
35,498
13,462
22,036
Charge for year
3,033
346
2,687
(13,319)
(13,319)
-
On disposal
At 31 March 2024
25,212
489
24,723
At 31 March 2024
Net book value
5,944
547
6,491
At 31 March 2023
8,631
285
8,916
4. Inventories
2023
2024
£
£
Stocks
4,620
10,391
5. Trade and other receivables
2023
2024
£
£
Trade debtors
-
(4,258)
Other debtors
478,512
587,565
583,307
478,512
The debtors above include the following amounts falling due after more than one year:
Other debtors
463,018
565,876
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7
For the year ended 31 March 2024
Potent Solutions Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
124,214
100,687
Trade creditors
62,127
35,746
Taxation and social security
58,710
41,442
Other creditors
4,877
39,678
249,928
217,553
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
44,623
49,042
Other creditors
376,301
272,217
420,924
321,259
8. Average number of persons employed
During the year the average number of employees was 21 (2023 : 38)
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