Registered number
08156778
Potato Solutions Limited
Filleted Accounts
31 March 2025
Potato Solutions Limited
Registered number: 08156778
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 90,433 108,191
Current assets
Debtors 4 55,343 78,740
Cash at bank and in hand 71,126 15,315
126,469 94,055
Creditors: amounts falling due within one year 5 (58,086) (26,719)
Net current assets 68,383 67,336
Total assets less current liabilities 158,816 175,527
Creditors: amounts falling due after more than one year 6 (11,988) (40,374)
Net assets 146,828 135,153
Capital and reserves
Called up share capital 100 100
Profit and loss account 146,728 135,053
Shareholders' funds 146,828 135,153
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.
Mr T J H Kitson
Director
Approved by the board on 16.07.25
Potato Solutions Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures fittings and equipment 15% reducing balance
Motor vehicle 25% reducing balance
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 3 3
3 Tangible fixed assets
Fixtures fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 101,538 107,705 209,243
Additions 4,833 26,162 30,995
Disposals - (53,536) (53,536)
At 31 March 2025 106,371 80,331 186,702
Depreciation
At 1 April 2024 50,384 50,668 101,052
Charge for the year 8,398 14,282 22,680
On disposals - (27,463) (27,463)
At 31 March 2025 58,782 37,487 96,269
Net book value
At 31 March 2025 47,589 42,844 90,433
At 31 March 2024 51,154 57,037 108,191
4 Debtors 2025 2024
£ £
Trade debtors 35,697 60,967
Other debtors 19,646 17,773
55,343 78,740
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 12,256 3,100
Taxation and social security costs 45,030 19,467
Other creditors 800 4,152
58,086 26,719
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 7,539 12,062
Obligations under finance lease and hire purchase contracts 4,449 28,312
11,988 40,374
7 Other information
Potato Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Oaklea
Burnt House Road
Cantley
Norwich
NR13 3RT
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