1 August 2023 false Taxfiler 2024.6 10272252business:PrivateLimitedCompanyLtd2023-08-012024-07-31 102722522023-07-31 102722522023-08-012024-07-31 10272252business:AuditExemptWithAccountantsReport2023-08-012024-07-31 10272252business:FilletedAccounts2023-08-012024-07-31 102722522024-07-31 10272252business:Director12023-08-012024-07-31 10272252business:RegisteredOffice2023-08-012024-07-31 102722522023-07-31 10272252core:WithinOneYear2024-07-31 10272252core:WithinOneYear2023-07-31 10272252core:AfterOneYear2024-07-31 10272252core:AfterOneYear2023-07-31 10272252countries:EnglandWales2023-08-012024-07-31 102722522022-08-012023-07-31 10272252business:Micro-entities2023-08-012024-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10272252 (England and Wales)
POTENTIAL CONTRACT LIMITED Unaudited accounts for the year ended 31 July 2024
POTENTIAL CONTRACT LIMITED Annual report and unaudited accounts for the year ended 31 July 2024
CONTENTS
PAGE
- 2 -
POTENTIAL CONTRACT LIMITED Company Information for the year ended 31 July 2024
Director
Mr David Mmaduabuchi ANODO-ILOH
Company Number
10272252 (England and Wales)
Registered Office
55 GRANTHAM ROAD LONDON E12 5LZ UNITED KINGDOM
Accountants
Bridlyn Accountancy 11 Town Quay Wharf Abbey Road Barking Englang IG11 7BZ
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of POTENTIAL CONTRACT LIMITED for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of POTENTIAL CONTRACT LIMITED for the year ended 31 July 2024 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of POTENTIAL CONTRACT LIMITED, as a body, in accordance with the terms of our engagement letter dated 8 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of POTENTIAL CONTRACT LIMITED and state those matters that we have agreed to state to the Board of Directors of POTENTIAL CONTRACT LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than POTENTIAL CONTRACT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that POTENTIAL CONTRACT LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of POTENTIAL CONTRACT LIMITED. You consider that POTENTIAL CONTRACT 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 accounts of POTENTIAL CONTRACT 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 accounts.
Bridlyn Accountancy Chartered Certified Accountants 11 Town Quay Wharf Abbey Road Barking Englang IG11 7BZ 25 July 2025
- 4 -
POTENTIAL CONTRACT LIMITED Statement of Financial Position as at 31 July 2024
2024 
2023 
£ 
£ 
Fixed assets
2,587 
2,587 
Current assets
15,029 
27,147 
Creditors: amounts falling due within one year
(6,362)
(15,740)
Net current assets
8,667 
11,407 
Total assets less current liabilities
11,254 
13,994 
Creditors: amounts falling due after more than one year
(11,830)
- 
Accruals and deferred income
(2,705)
(2,005)
(Net liabilities)/net assets
(3,281)
11,989 
Capital and reserves
(3,281)
11,989 
NOTES TO THE ACCOUNTS
1 Statutory information
POTENTIAL CONTRACT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10272252. The registered office is 55 GRANTHAM ROAD, LONDON, E12 5LZ, UNITED KINGDOM.
2 Director's advances, credit and guarantees
There were no Advances and credit, including terms and interest rates
There were no guarantees made by the company of its officers during the period being reported
3 Guarantees and other financial commitments
There were No capital Commitments to report
None
None
4 Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 5 -
POTENTIAL CONTRACT LIMITED Statement of Financial Position as at 31 July 2024 (continued)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 25 July 2025
Mr David Mmaduabuchi ANODO-ILOH Director Company Registration No. 10272252
- 6 -