IRIS Accounts Production v25.1.3.33 08426717 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084267172024-03-31084267172025-03-31084267172024-04-012025-03-31084267172023-03-31084267172023-04-012024-03-31084267172024-03-3108426717ns15:EnglandWales2024-04-012025-03-3108426717ns14:PoundSterling2024-04-012025-03-3108426717ns10:Director12024-04-012025-03-3108426717ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3108426717ns10:SmallEntities2024-04-012025-03-3108426717ns10:AuditExemptWithAccountantsReport2024-04-012025-03-3108426717ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3108426717ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3108426717ns10:FullAccounts2024-04-012025-03-3108426717ns10:Director22024-04-012025-03-3108426717ns10:Director32024-04-012025-03-3108426717ns10:RegisteredOffice2024-04-012025-03-3108426717ns5:CurrentFinancialInstruments2025-03-3108426717ns5:CurrentFinancialInstruments2024-03-3108426717ns5:Non-currentFinancialInstruments2025-03-3108426717ns5:Non-currentFinancialInstruments2024-03-3108426717ns5:ShareCapital2025-03-3108426717ns5:ShareCapital2024-03-3108426717ns5:RetainedEarningsAccumulatedLosses2025-03-3108426717ns5:RetainedEarningsAccumulatedLosses2024-03-3108426717ns5:PlantMachinery2024-04-012025-03-3108426717ns5:FurnitureFittings2024-04-012025-03-3108426717ns5:MotorVehicles2024-04-012025-03-3108426717ns5:ComputerEquipment2024-04-012025-03-3108426717ns5:LandBuildings2024-03-3108426717ns5:PlantMachinery2024-03-3108426717ns5:FurnitureFittings2024-03-3108426717ns5:LandBuildings2024-04-012025-03-3108426717ns5:LandBuildings2025-03-3108426717ns5:PlantMachinery2025-03-3108426717ns5:FurnitureFittings2025-03-3108426717ns5:LandBuildings2024-03-3108426717ns5:PlantMachinery2024-03-3108426717ns5:FurnitureFittings2024-03-3108426717ns5:MotorVehicles2024-03-3108426717ns5:ComputerEquipment2024-03-3108426717ns5:MotorVehicles2025-03-3108426717ns5:ComputerEquipment2025-03-3108426717ns5:MotorVehicles2024-03-3108426717ns5:ComputerEquipment2024-03-3108426717ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-012025-03-3108426717ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-03-3108426717ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3108426717ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: 08426717 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

POTTERS ELECTRICAL LIMITED

POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

POTTERS ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: K D Taylor
S J Taylor
C H Taylor





REGISTERED OFFICE: 105 London Road
Shrewsbury
Shropshire
SY5 6QT





REGISTERED NUMBER: 08426717 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 28,324 4,941

CURRENT ASSETS
Debtors 6 12,891 28,644
Cash at bank 113,509 59,757
126,400 88,401
CREDITORS
Amounts falling due within one year 7 57,969 51,019
NET CURRENT ASSETS 68,431 37,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,755

42,323

CREDITORS
Amounts falling due after more than one year 8 (5,659 ) -

PROVISIONS FOR LIABILITIES (6,623 ) (584 )
NET ASSETS 84,473 41,739

CAPITAL AND RESERVES
Called up share capital 103 2
Retained earnings 84,370 41,737
84,473 41,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)

BALANCE SHEET - continued
31 MARCH 2025


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 28 May 2025 and were signed on its behalf by:





K D Taylor - Director


POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Potters Electrical 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 1,833 10,500 -
Additions 4,130 - 849
Disposals - - -
At 31 March 2025 5,963 10,500 849
DEPRECIATION
At 1 April 2024 - 8,298 -
Charge for year - 440 170
At 31 March 2025 - 8,738 170
NET BOOK VALUE
At 31 March 2025 5,963 1,762 679
At 31 March 2024 1,833 2,202 -

POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 8,000 878 21,211
Additions 26,715 965 32,659
Disposals (3,500 ) - (3,500 )
At 31 March 2025 31,215 1,843 50,370
DEPRECIATION
At 1 April 2024 7,278 694 16,270
Charge for year 4,787 379 5,776
At 31 March 2025 12,065 1,073 22,046
NET BOOK VALUE
At 31 March 2025 19,150 770 28,324
At 31 March 2024 722 184 4,941

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 22,995
At 31 March 2025 22,995
DEPRECIATION
Charge for year 4,599
At 31 March 2025 4,599
NET BOOK VALUE
At 31 March 2025 18,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 7,977 23,347
Other debtors 2,052 4,814
Prepayments 2,862 483
12,891 28,644

POTTERS ELECTRICAL LIMITED (REGISTERED NUMBER: 08426717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 2,384 4,333
Hire purchase contracts 2,509 -
Trade creditors 12,503 3,441
Tax 28,917 25,121
Social security and other taxes 1,050 1,205
VAT 4,679 14,911
Directors' current accounts 3,427 2,008
Accrued expenses 2,500 -
57,969 51,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 5,659 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 8,168 -

The hire purchase is secured on the asset to which it relates.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
POTTERS ELECTRICAL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Potters Electrical Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Potters Electrical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Potters Electrical Limited and state those matters that we have agreed to state to the Board of Directors of Potters Electrical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Potters Electrical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Potters Electrical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Potters Electrical Limited. You consider that Potters Electrical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Potters Electrical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL


29 May 2025