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REGISTERED NUMBER: 08339999 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

J N Potting Shed Ltd

J N Potting Shed Ltd (Registered number: 08339999)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J N Potting Shed Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr J E Riley





SECRETARY: Mrs N J Riley





REGISTERED OFFICE: Lea Barn
Far Sawrey
Ambleside
Cumbria
LA22 0LL





REGISTERED NUMBER: 08339999 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

J N Potting Shed Ltd (Registered number: 08339999)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 108,262 129,405
108,262 129,405

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 7 206,045 213,668
Prepayments and accrued income 10,799 10,165
Cash at bank and in hand 80,566 109,629
303,410 339,462
CREDITORS
Amounts falling due within one year 8 105,170 107,389
NET CURRENT ASSETS 198,240 232,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,502

361,478

CREDITORS
Amounts falling due after more than one
year

9

-

(34,173

)

PROVISIONS FOR LIABILITIES (24,160 ) (34,302 )
NET ASSETS 282,342 293,003

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 282,340 293,001
SHAREHOLDERS' FUNDS 282,342 293,003

J N Potting Shed Ltd (Registered number: 08339999)

Balance Sheet - continued
31 December 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 May 2025 and were signed by:





Mr J E Riley - Director


J N Potting Shed Ltd (Registered number: 08339999)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

J N Potting Shed Ltd 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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 on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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

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 balance sheet date.


J N Potting Shed Ltd (Registered number: 08339999)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 30,000
AMORTISATION
At 1 January 2024
and 31 December 2024 30,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 84,440 51,671 75,087 211,198
Additions 1,529 - 3,108 4,637
At 31 December 2024 85,969 51,671 78,195 215,835
DEPRECIATION
At 1 January 2024 37,437 30,478 13,878 81,793
Charge for year 7,292 3,185 15,303 25,780
At 31 December 2024 44,729 33,663 29,181 107,573
NET BOOK VALUE
At 31 December 2024 41,240 18,008 49,014 108,262
At 31 December 2023 47,003 21,193 61,209 129,405

J N Potting Shed Ltd (Registered number: 08339999)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 206,045 213,668

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,648
Hire purchase contracts (see note 10) - 12,016
Trade creditors 10,150 12,185
Taxation and social security 62,814 56,665
Other creditors 32,206 15,875
105,170 107,389

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 14,279
Hire purchase contracts (see note 10) - 19,894
- 34,173

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 12,016
Between one and five years - 19,894
- 31,910

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

J N Potting Shed Ltd (Registered number: 08339999)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr J E Riley
Balance outstanding at start of year - 41,606
Amounts advanced - 120,728
Amounts repaid - (162,334 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -