Potter Oyler Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00193050 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Potter Oyler Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTOR:

T J Oyler

REGISTERED OFFICE:

The Barn

Claxfield Farm

Claxfield Road

Lynsted

Kent

ME9 9PX

REGISTERED NUMBER:

00193050 (England and Wales)

ACCOUNTANTS:

Henry Reeves & Co Limited

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Potter Oyler Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes 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 http://www.accaglobal.com/rulebook.

This report is made solely to the director of Potter Oyler Limited in accordance with the terms of our engagement letter dated 30 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Potter Oyler Limited and state those matters that we have agreed to state to the director of Potter Oyler Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Potter Oyler Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Potter Oyler Limited. You consider that Potter Oyler 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 financial statements of Potter Oyler 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 financial statements.

Henry Reeves & Co Limited

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

30 September 2025

FIXED ASSETS

Tangible assets

4

758,847

778,438

CURRENT ASSETS

Stocks

17,526

11,381

Debtors

5

96,583

140,928

Cash at bank

62,953

49,105

177,062

201,414

CREDITORS

Amounts falling due within one year

6

31,330

32,699

NET CURRENT ASSETS

145,732

168,715

TOTAL ASSETS LESS CURRENT
LIABILITIES

904,579

947,153

CREDITORS

Amounts falling due after more than one
year

7

(326,446

)

(343,108

)

PROVISIONS FOR LIABILITIES

8

(68,504

)

(72,227

)

NET ASSETS

509,629

531,818

CAPITAL AND RESERVES

Called up share capital

11,998

Revaluation reserve

9

192,780

Retained earnings

304,851

327,040

SHAREHOLDERS' FUNDS

509,629

531,818

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

T J Oyler - Director

1.	STATUTORY INFORMATION

Potter Oyler Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

12.5% Reducing balance method

Motor vehicles

25% Reducing balance method

In accordance with the transitional exemption provision in FRS 102 35.10 (d) the company has elected to use the previous UK GAAP revalued amount of freehold land and buildings as deemed cost on transition.

Under FRS 102 land and buildings are separable assets and as such should be disclosed separately in the accounts. The directors have chosen to depart from the standard and continue to show freehold land and buildings together as this does not have an impact on the financial results of the company.

No depreciation has been provided in respect of freehold buildings. In the opinion of the directors the residual value, being the amount that the company would currently obtain from the disposal of the freehold buildings, after deducting the estimated costs of disposal and if the property were of the age and in the condition expected at the end of its useful life, is not materially different to the amount included in the financial statements and as such any depreciation amount would be immaterial.

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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

636,296

278,085

914,381

DEPRECIATION

At 1 January 2024

-

135,943

Charge for year

-

19,591

At 31 December 2024

-

155,534

NET BOOK VALUE

At 31 December 2024

636,296

122,551

758,847

At 31 December 2023

636,296

142,142

778,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

81,557

117,147

Other debtors

15,026

23,781

96,583

140,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

4,682

4,566

Trade creditors

6,842

5,304

Taxation and social security

7,666

5,226

Other creditors

12,140

17,603

31,330

32,699

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

3,992

8,674

Other creditors

322,454

334,434

326,446

343,108

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

68,504

72,227

Deferred

tax

£

Balance at 1 January 2024

72,227

Deferred tax charge

(3,723

)

Balance at 31 December 2024

68,504

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

192,780

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

J C Oyler

Balance outstanding at start of year

(185,019

)

(184,907

)

Amounts advanced

-

3,000

Amounts repaid

185,019

(3,112

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(185,019

)

Mrs F E Oyler

Balance outstanding at start of year

(31,334

)

(36,534

)

Amounts advanced

1,100

5,200

Amounts repaid

30,234

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(31,334

)

T J Oyler

Balance outstanding at start of year

(118,081

)

(111,821

)

Amounts advanced

50,400

24,000

Amounts repaid

(254,773

)

(30,260

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(322,454

)

(118,081

)

During the year, the loans due to J C Oyler and F E Oyler were transferred to T J Oyler, the remaining sole director.

At the year end, an amount of £322,454 is included within other creditors falling due in more than one year. There are no formal provisions in place in respect of repayment of the loan, nor for the payment of interest thereon. The director has confirmed he will not demand repayment of the loan without giving the company 12 months notice of his intention to do so and subject to funds being available to facilitate repayment.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J Oyler.