POTR STUDIO LTD

Company Registration Number:
SC637628 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

POTR STUDIO LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

POTR STUDIO LTD

Company Information

for the Period Ended 31 August 2024




Director: ANDREW FLYNN
EILIDH CUNNINGHAM
MARTIN KEANE
DR ALEX COCHRANE
Secretary: ANDREW FLYNN
Registered office: 8
Elliot Place
Potr Studio Ltd Thebeyond, Suite 1.2, Skypark
Glasgow
GB-SCT
G3 8EP
Company Registration Number: SC637628 (Scotland)

POTR STUDIO LTD

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 7,509 10,636
Total fixed assets: 7,509 10,636
Current assets
Stocks: 13,715 16,729
Debtors: 5 51,257 8,003
Cash at bank and in hand: 32,253 37,614
Total current assets: 97,225 62,346
Creditors: amounts falling due within one year: 6 ( 39,735 ) ( 22,135 )
Net current assets (liabilities): 57,490 40,211
Total assets less current liabilities: 64,999 50,847
Creditors: amounts falling due after more than one year: 7 ( 42,583 ) ( 21,000 )
Total net assets (liabilities): 22,416 29,847

The notes form part of these financial statements

POTR STUDIO LTD

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 22,406 29,837
Shareholders funds: 22,416 29,847

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 May 2025
And Signed On Behalf Of The Board By:

Name: ANDREW FLYNN
Status: Director

The notes form part of these financial statements

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 1

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible assets

Plant & machinery Office equipment Total
Cost £ £ £
At 01 September 2023 12,382 2,197 14,579
Additions - 122 122
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 August 2024 12,382 2,319 14,701
Depreciation
At 01 September 2023 2,665 1,278 3,943
Charge for year 2,476 773 3,249
On disposals - - -
Other adjustments - - -
At 31 August 2024 5,141 2,051 7,192
Net book value
At 31 August 2024 7,241 268 7,509
At 31 August 2023 9,717 919 10,636

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors


2024
£

2023
£
Trade debtors 43,267 836
Prepayments and accrued income 7,180 6,697
Other debtors 810 470
Total 51,257 8,003

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 7,000 7,000
Trade creditors 11,728 11,361
Taxation and social security 5,271 810
Accruals and deferred income 11,026 2,800
Other creditors 4,710 164
Total 39,735 22,135

The first tranche of a loan from Scottish EDGE was received in August 2022 for £35,000. This is included within "bank loans and overdrafts" - within and after more than one year. The loan has a 5-year term and the monthly repayments commenced in September 2022. Interest is fixed at a rate of 5% for the duration of the loan, equivalent to an APR of 9.7%. The second and final tranche of the loan, also for £35,000, was received in September 2023.

POTR STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 42,583 21,000
Total 42,583 21,000

The first tranche of a loan from Scottish EDGE was received in August 2022 for £35,000. This is included within "bank loans and overdrafts" - within and after more than one year. The loan has a 5-year term and the monthly repayments commenced in September 2022. Interest is fixed at a rate of 5% for the duration of the loan, equivalent to an APR of 9.7%. The second and final tranche of the loan, also for £35,000, was received in September 2023.