REGISTERED NUMBER: 11785108 (England and Wales)

JAMES AND JEAN POTTER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J E Potter

Mrs M J Potter

REGISTERED OFFICE:

Potter House

Henfaes Lane

Welshpool

Powys

SY21 7BE

REGISTERED NUMBER:

11785108 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,316,657

2,181,239

Investments

5

100

100

2,316,757

2,181,339

CURRENT ASSETS

Stocks

4,188,487

4,353,838

Debtors

6

628,451

428,255

Cash at bank

5,609

15,517

4,822,547

4,797,610

CREDITORS

Amounts falling due within one year

7

8,106,122

7,023,152

NET CURRENT LIABILITIES

(3,283,575

)

(2,225,542

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(966,818

)

(44,203

)

CREDITORS

Amounts falling due after more than one year

8

266,750

291,745

NET LIABILITIES

(1,233,568

)

(335,948

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,233,668

)

(336,048

)

(1,233,568

)

(335,948

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J E Potter - Director

1.	STATUTORY INFORMATION

James and Jean Potter 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.

The accounts have been prepared on a going concern basis based on the continuous support of the directors and related companies.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

4% on cost

Plant and machinery etc

-

20% on reducing balance

Stocks

Total stocks are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

These accounts have been prepared on the going concern basis. The directors and their associated companies have confirmed their continued support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

1,873,017

421,041

2,294,058

Additions

207,952

23,568

231,520

At 31 December 2024

2,080,969

444,609

2,525,578

DEPRECIATION

At 1 January 2024

22,655

90,164

112,819

Charge for year

25,483

70,619

96,102

At 31 December 2024

48,138

160,783

208,921

NET BOOK VALUE

At 31 December 2024

2,032,831

283,826

2,316,657

At 31 December 2023

1,850,362

330,877

2,181,239

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

450,454

337,333

Other debtors

177,997

90,922

628,451

428,255

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,806

20,900

Trade creditors

572,575

366,041

Taxation and social security

1,788

1,763

Other creditors

7,507,953

6,634,448

8,106,122

7,023,152

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

266,750

291,745

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

290,556

312,645

The bank loan is secured by a legal charge over the assets of the company.