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REGISTERED NUMBER: 11785108 (England and Wales)









JAMES AND JEAN POTTER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAMES AND JEAN POTTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J E Potter
Mrs M J Potter





REGISTERED OFFICE: Potter House
Henfaes Lane
Welshpool
Powys
SY21 7BE





REGISTERED NUMBER: 11785108 (England and Wales)

JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,181,239 1,874,704
Investments 5 100 -
2,181,339 1,874,704

CURRENT ASSETS
Stocks 4,353,838 3,620,584
Debtors 6 428,255 581,934
Cash at bank 15,517 84,218
4,797,610 4,286,736
CREDITORS
Amounts falling due within one year 7 7,023,152 5,893,383
NET CURRENT LIABILITIES (2,225,542 ) (1,606,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,203

)

268,057

CREDITORS
Amounts falling due after more than one
year

8

291,745

312,698
NET LIABILITIES (335,948 ) (44,641 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (336,048 ) (44,741 )
(335,948 ) (44,641 )

JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





J E Potter - Director


JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

James and Jean Potter 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.

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 accounts have been prepared on a going concern basis based on the continuous support of the directors and related companies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on reducing balance

Stocks
Total stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,727,692 175,489 1,903,181
Additions 145,325 245,552 390,877
At 31 December 2023 1,873,017 421,041 2,294,058
DEPRECIATION
At 1 January 2023 10,218 18,259 28,477
Charge for year 12,437 71,905 84,342
At 31 December 2023 22,655 90,164 112,819
NET BOOK VALUE
At 31 December 2023 1,850,362 330,877 2,181,239
At 31 December 2022 1,717,474 157,230 1,874,704

JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Interest
in
subsidiary
£   
COST
Additions 100
At 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 337,333 322,360
Other debtors 90,922 259,574
428,255 581,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,900 20,840
Trade creditors 366,041 539,646
Taxation and social security 1,763 2,388
Other creditors 6,634,448 5,330,509
7,023,152 5,893,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 291,745 312,698

JAMES AND JEAN POTTER LIMITED (REGISTERED NUMBER: 11785108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 312,645 333,538

The bank loan is secured by a legal charge over the assets of the company.