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Registration number: 05569041

My Carry Potty Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

My Carry Potty Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

My Carry Potty Limited

Company Information

Directors

Mrs A F Jenner

Mr D J Jenner

Company secretary

Mr I McCreadie

Registered office

10 Brunstead Road
Poole
Dorset
BH12 1EJ

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

My Carry Potty Limited

(Registration number: 05569041)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

3,151

Tangible assets

5

24,190

33,950

 

24,191

37,101

Current assets

 

Stocks

6

308,148

350,220

Debtors

7

721,975

457,706

Cash at bank and in hand

 

152,963

42,711

 

1,183,086

850,637

Creditors: Amounts falling due within one year

8

(376,646)

(328,762)

Net current assets

 

806,440

521,875

Total assets less current liabilities

 

830,631

558,976

Creditors: Amounts falling due after more than one year

8

(69,630)

(111,302)

Provisions for liabilities

(3,669)

(5,533)

Net assets

 

757,332

442,141

Capital and reserves

 

Called up share capital

100

100

Retained earnings

757,232

442,041

Shareholders' funds

 

757,332

442,141

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Mr D J Jenner
Director

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Brunstead Road
Poole
Dorset
BH12 1EJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Government grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Equipment, fixtures and fittings

25% straight line

Motor vehicles

25% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Where the company incurs costs in connection with patent applications but the patent has not been granted as at the Balance Sheet date, then these costs are included in other debtors.

Development costs

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents

over the estimated life of 5 years

Trademarks

over the estimated life of 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Invoice factoring scheme
The trade debts of the company have been assigned to an invoice factoring scheme. In showing the sales ledger balances outstanding at the year end in full, and the amount advanced by the invoice factoring company as a liability, we have followed the commercial substance of the transaction rather than its strict legal form, in accordance with accounting standards.

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

4

Intangible assets

Patents
 £

Trademarks
 £

Total
£

Cost or valuation

At 1 October 2023

114,078

6,130

120,208

At 30 September 2024

114,078

6,130

120,208

Amortisation

At 1 October 2023

110,927

6,130

117,057

Amortisation charge

3,150

-

3,150

At 30 September 2024

114,077

6,130

120,207

Carrying amount

At 30 September 2024

1

-

1

At 30 September 2023

3,151

-

3,151

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Equipment fixtures and fittings
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 October 2023

16,324

34,230

174,287

224,841

Additions

4,079

-

-

4,079

Disposals

(296)

-

-

(296)

At 30 September 2024

20,107

34,230

174,287

228,624

Depreciation

At 1 October 2023

9,789

8,558

172,543

190,890

Charge for the year

3,692

8,557

1,296

13,545

Eliminated on disposal

(1)

-

-

(1)

At 30 September 2024

13,480

17,115

173,839

204,434

Carrying amount

At 30 September 2024

6,627

17,115

448

24,190

At 30 September 2023

6,534

25,672

1,744

33,950

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

308,148

350,220

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

335,409

268,287

Amounts owed by connected parties

10

14,732

14,705

Prepayments

 

140,738

131,411

Other debtors

 

231,096

43,303

 

721,975

457,706

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

50,762

41,974

Trade creditors

 

75,719

79,105

Taxation and social security

 

161,756

97,448

Accruals and deferred income

 

41,610

15,325

Other creditors

 

46,799

94,910

 

376,646

328,762

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

69,630

111,302

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

55,821

93,996

Hire purchase contracts

13,809

17,306

69,630

111,302

2024
£

2023
£

Current loans and borrowings

Bank borrowings

36,470

36,471

Bank overdrafts

8,926

5,503

Hire purchase contracts

5,366

-

50,762

41,974

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

 

My Carry Potty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

10

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Mr D J Jenner

Loan - interest approved rate, unsecured and repayable on demand

35,635

123,442

(80,000)

79,077

         
       

Mrs A F Jenner

Loan - interest approved rate, unsecured and repayable on demand

4,179

122,271

(80,000)

46,450

         
       

 

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Mr D J Jenner

Loan - interest approved rate, unsecured and repayable on demand

39,561

91,074

(95,000)

35,635

         
       

Mrs A F Jenner

Loan - interest approved rate, unsecured and repayable on demand

-

99,179

(95,000)

4,179

         
       

 

Other related party transactions

The directors also control Potty Training Academy Ltd. At the year end the amount due from Potty Training Academy Ltd was £14,732 (2023: £14,705).