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REGISTERED NUMBER: 05555112 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH OCTOBER 2024

FOR

POTS AND PITHOI LIMITED

POTS AND PITHOI LIMITED (REGISTERED NUMBER: 05555112)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH OCTOBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


POTS AND PITHOI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH OCTOBER 2024







DIRECTORS: D R Dodd
S P Dodd





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 05555112 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Horsham) Limited
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

POTS AND PITHOI LIMITED (REGISTERED NUMBER: 05555112)

STATEMENT OF FINANCIAL POSITION
30TH OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 19,781 5,248
Tangible assets 4 920,356 917,300
940,137 922,548

CURRENT ASSETS
Stocks 236,264 204,731
Debtors 5 6,942 32,884
Cash at bank and in hand 224,737 169,507
467,943 407,122
CREDITORS
Amounts falling due within one year 6 437,909 372,113
NET CURRENT ASSETS 30,034 35,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,171

957,557

PROVISIONS FOR LIABILITIES 107,607 110,967
NET ASSETS 862,564 846,590

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 251,312 271,416
Retained earnings 611,250 575,172
SHAREHOLDERS' FUNDS 862,564 846,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th October 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd April 2025 and were signed on its behalf by:




D R Dodd - Director


POTS AND PITHOI LIMITED (REGISTERED NUMBER: 05555112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH OCTOBER 2024


1. 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 as modified by the revaluation of certain assets.

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

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill arose on the acquisition of an unincorporated business and was amortised over its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised on a reducing balance at 25% annually.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

POTS AND PITHOI LIMITED (REGISTERED NUMBER: 05555112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH OCTOBER 2024


3. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 31st October 2023 299,995 10,755 310,750
Additions - 21,127 21,127
At 30th October 2024 299,995 31,882 331,877
AMORTISATION
At 31st October 2023 299,995 5,507 305,502
Charge for year - 6,594 6,594
At 30th October 2024 299,995 12,101 312,096
NET BOOK VALUE
At 30th October 2024 - 19,781 19,781
At 30th October 2023 - 5,248 5,248

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 31st October 2023 825,015 48,437 76,316
Additions - - 23,559
Disposals - - (2,632 )
At 30th October 2024 825,015 48,437 97,243
DEPRECIATION
At 31st October 2023 16,500 12,109 55,929
Charge for year (16,500 ) 9,082 10,791
Eliminated on disposal - - (1,849 )
At 30th October 2024 - 21,191 64,871
NET BOOK VALUE
At 30th October 2024 825,015 27,246 32,372
At 30th October 2023 808,515 36,328 20,387

POTS AND PITHOI LIMITED (REGISTERED NUMBER: 05555112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 31st October 2023 74,112 7,874 1,031,754
Additions - 606 24,165
Disposals (17,795 ) - (20,427 )
At 30th October 2024 56,317 8,480 1,035,492
DEPRECIATION
At 31st October 2023 26,830 3,086 114,454
Charge for year 10,560 1,349 15,282
Eliminated on disposal (12,751 ) - (14,600 )
At 30th October 2024 24,639 4,435 115,136
NET BOOK VALUE
At 30th October 2024 31,678 4,045 920,356
At 30th October 2023 47,282 4,788 917,300

Cost or valuation at 30th October 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2016 270,082 - -
Valuation in 2021 65,000 - -
Cost 489,933 48,437 97,243
825,015 48,437 97,243

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2016 - - 270,082
Valuation in 2021 - - 65,000
Cost 56,317 8,480 700,410
56,317 8,480 1,035,492

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 489,933 489,933
Aggregate depreciation 69,984 60,185

Value of land in freehold land and buildings 419,948 429,747

Land and buildings were valued on an open market basis on 31st October 2021 by an independent valuer .

POTS AND PITHOI LIMITED (REGISTERED NUMBER: 05555112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,879 6,299
Other debtors 2,719 22,439
Prepayments and accrued income 344 4,146
6,942 32,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,203 47,643
Amounts owed to group undertakings 337,693 297,993
Tax 13,637 30
Social security and other taxes 22,074 6,058
Other creditors 17,647 16,551
Directors' current accounts 155 284
Accrued expenses 4,500 3,554
437,909 372,113

7. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 95,198 -

8. RELATED PARTY TRANSACTIONS

At the year end the company owed £11,655 (2023 - £12,543) to a related party. This loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Pots and Pithoi Holdings Limited. The Holding company is not wholly controlled by one individual.