R Potato Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07963592

R Potato Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

R Potato Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		61,261	70,658

Current assets

Debtors	6	812,010	882,793
Cash at bank and in hand		86,652	173,500
		----------	------------
		898,662	1,056,293

Creditors: amounts falling due within one year	7	752,118		789,071
		----------		------------
Net current assets			146,544	267,222
			----------	----------
Total assets less current liabilities			207,805	337,880

Creditors: amounts falling due after more than one year	8		5,834	15,834

Provisions	4,960	11,681
	----------	----------
Net assets	197,011	310,365
	----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	196,911	310,265
	----------	----------
Shareholders funds	197,011	310,365
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

R Potato Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr R Pearson

Director

Company registration number: 07963592

R Potato Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lushington House, 119 High Street, Newmarket, Suffolk, CB8 9AE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	15% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2024	103,116
Additions	2,448
Disposals	( 17,133)
	----------
At 31 March 2025	88,431
	----------
Depreciation
At 1 April 2024	32,458
Charge for the year	13,175
Disposals	( 18,463)
	----------
At 31 March 2025	27,170
	----------
Carrying amount
At 31 March 2025	61,261
	----------
At 31 March 2024	70,658
	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	768,642	875,455
Other debtors	43,368	7,338
	----------	----------
	812,010	882,793
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	726,665	702,117
Social security and other taxes	–	61,827
Other creditors	15,453	15,127
	----------	----------
	752,118	789,071
	----------	----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,834	15,834
	-------	--------

9. Directors' advances, credits and guarantees

The company operated a directors loan account throughout the current and previous year. Interest is charged at the official HM Revenue & Customs rate on any overdrawn balances in excess of £10,000. There were no specific repayment terms.

	2025	2024
	£	£
Advances	22,954	60,407
Repayments	22,954	60,407