THE POTIONS CAULDRON LTD - Filleted accounts

Registered number

11266408

THE POTIONS CAULDRON LTD

Filleted Accounts

31 March 2025

THE POTIONS CAULDRON LTD
Registered number:		11266408
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		675,037			304,885

Current assets
Stocks		414,454			208,197
Debtors	4	344,744			268,511
Cash at bank and in hand		132,423			258,427
		891,621			735,135

Creditors: amounts falling due within one year	5	(562,151)			(418,050)

Net current assets			329,470			317,085

Total assets less current liabilities			1,004,507			621,970

Creditors: amounts falling due after more than one year	6		(706,184)			(471,845)



Net assets			298,323			150,125

Capital and reserves
Called up share capital			100			100
Profit and loss account			298,223			150,025

Shareholders' funds			298,323			150,125

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




B Fry
Director
Approved by the board on 28 April 2025

THE POTIONS CAULDRON LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	General information and basis of preparation
	The Potions Cauldron Ltd is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold improvements			over 5 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					38		40












3	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	288,250		144,721		38,002		470,973
	Additions	27,509		509,350		(1)		536,858
	At 31 March 2025	315,759		654,071		38,001		1,007,831

	Depreciation
	At 1 April 2024	90,999		65,672		9,417		166,088
	Charge for the year	44,952		118,839		2,915		166,706
	At 31 March 2025	135,951		184,511		12,332		332,794

	Net book value
	At 31 March 2025	179,808		469,560		25,669		675,037
	At 31 March 2024	197,251		79,049		28,585		304,885


4	Debtors					2025		2024
£							£

	Trade debtors					296,710		154,867
	VAT					-		37,552
	Director's account					-		18,320
	Other debtors					48,034		57,772
						344,744		268,511


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					129,972		73,908
	Trade creditors					225,992		169,069
	Taxation and social security costs					45,451		39,065
	Pensions Payable					5,184		1,890
	Other creditors					155,552		134,118
						562,151		418,050


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					706,184		438,645
	Other creditors					-		33,200
						706,184		471,845


7	Other information

	THE POTIONS CAULDRON LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Wizard HQ
	Green Lane
	York
	YO30 5PY