REGISTERED NUMBER: 00364976 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Potclays Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

275,647

293,748

Investments

5

8,697

8,697

284,344

302,445

CURRENT ASSETS

Stocks

832,022

471,027

Debtors

6

497,573

274,797

Cash at bank and in hand

605,932

777,308

1,935,527

1,523,132

CREDITORS

Amounts falling due within one year

7

967,531

474,998

NET CURRENT ASSETS

967,996

1,048,134

TOTAL ASSETS LESS CURRENT LIABILITIES

1,252,340

1,350,579

PROVISIONS FOR LIABILITIES

16,027

13,199

NET ASSETS

1,236,313

1,337,380

CAPITAL AND RESERVES

Called up share capital

1,883

1,883

Capital redemption reserve

4,543

4,543

Retained earnings

1,229,887

1,330,954

SHAREHOLDERS' FUNDS

1,236,313

1,337,380

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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr JWW Noake - Director

1.	STATUTORY INFORMATION

Potclays Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00364976

Registered office:

Albion Works

Brick Kiln Lane

Etruria

Stoke on Trent

Staffordshire

ST4 7BP

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Potclays Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised 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 Profit and Loss Account, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and a reliable estimate can be made. The amount recognised is the best estimate of the expenditure required to settle the obligation at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

669,673

491,577

271,923

Additions

-

-

-

At 31 December 2024

669,673

491,577

271,923

DEPRECIATION

At 1 January 2024

446,280

475,333

264,694

Charge for year

13,393

4,061

1,446

At 31 December 2024

459,673

479,394

266,140

NET BOOK VALUE

At 31 December 2024

210,000

12,183

5,783

At 31 December 2023

223,393

16,244

7,229

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

66,056

54,740

1,553,969

Additions

13,134

166

13,300

At 31 December 2024

79,190

54,906

1,567,269

DEPRECIATION

At 1 January 2024

47,869

26,045

1,260,221

Charge for year

7,831

4,670

31,401

At 31 December 2024

55,700

30,715

1,291,622

NET BOOK VALUE

At 31 December 2024

23,490

24,191

275,647

At 31 December 2023

18,187

28,695

293,748

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

30,532

Transfer to ownership

(30,532

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

17,652

Charge for year

3,220

Transfer to ownership

(20,872

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

12,880

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

8,697

NET BOOK VALUE

At 31 December 2024

8,697

At 31 December 2023

8,697

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

360,408

174,555

Other debtors

137,165

100,242

497,573

274,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

18,843

Trade creditors

458,208

111,249

Amounts owed to group undertakings

35,466

44,067

Taxation and social security

152,147

156,877

Other creditors

321,710

143,962

967,531

474,998

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

-

18,843

9.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £47,380 (2023: £62,030), which expire between 2025-2027.

10.	DIRECTORS' 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 JWW Noake

Balance outstanding at start of year

(4,132

)

(7,293

)

Amounts advanced

203,377

3,161

Amounts repaid

(100,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,245

(4,132

)