Pots And Pithoi Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05555112 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 OCTOBER 2024 TO 30 NOVEMBER 2025

FOR

POTS AND PITHOI LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D R Dodd

S P Dodd

REGISTERED OFFICE:

Second Floor Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

REGISTERED NUMBER:

05555112 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

FIXED ASSETS

Intangible assets

3

14,155

19,781

Tangible assets

4

964,812

920,356

978,967

940,137

CURRENT ASSETS

Stocks

229,655

236,264

Debtors

5

17,223

6,942

Cash at bank and in hand

254,231

224,737

501,109

467,943

CREDITORS

Amounts falling due within one year

6

487,187

437,909

NET CURRENT ASSETS

13,922

30,034

TOTAL ASSETS LESS CURRENT LIABILITIES

992,889

970,171

PROVISIONS FOR LIABILITIES

118,720

107,607

NET ASSETS

874,169

862,564

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

251,312

Retained earnings

622,855

611,250

SHAREHOLDERS' FUNDS

874,169

862,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

D R Dodd - Director

1.	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 as modified by the revaluation of certain assets.

Turnover

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

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill

Goodwill arose on the acquisition of an unincorporated business and was amortised over its useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised on a reducing balance at 25% annually.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Freehold property is valued at the open market value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2024 - 13 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 31 October 2024

299,995

31,882

331,877

Additions

-

2,700

At 30 November 2025

299,995

34,582

334,577

AMORTISATION

At 31 October 2024

299,995

12,101

312,096

Charge for period

-

8,326

At 30 November 2025

299,995

20,427

320,422

NET BOOK VALUE

At 30 November 2025

-

14,155

At 30 October 2024

-

19,781

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST OR VALUATION

At 31 October 2024

825,015

48,437

97,243

Additions

-

8,016

At 30 November 2025

825,015

48,437

105,259

DEPRECIATION

At 31 October 2024

-

21,191

64,871

Charge for period

-

7,379

10,307

At 30 November 2025

-

28,570

75,178

NET BOOK VALUE

At 30 November 2025

825,015

19,867

30,081

At 30 October 2024

825,015

27,246

32,372

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 31 October 2024

56,317

8,480

1,035,492

Additions

79,462

1,191

88,669

At 30 November 2025

135,779

9,671

1,124,161

DEPRECIATION

At 31 October 2024

24,639

4,435

115,136

Charge for period

25,134

1,393

44,213

At 30 November 2025

49,773

5,828

159,349

NET BOOK VALUE

At 30 November 2025

86,006

3,843

964,812

At 30 October 2024

31,678

4,045

920,356

Cost or valuation at 30 November 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

Valuation in 2016

270,082

-

Valuation in 2021

65,000

-

Cost

489,933

48,437

105,259

825,015

48,437

105,259

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2016

-

270,082

Valuation in 2021

-

65,000

Cost

135,779

9,671

789,079

135,779

9,671

1,124,161

If land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

489,933

Aggregate depreciation

69,984

Value of land in freehold land and buildings

419,948

Land and buildings were valued on an open market basis on 31 October 2021 by an independent valuer .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

13,535

3,879

Other debtors

3,467

2,719

Prepayments and accrued income

221

344

17,223

6,942

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

44,900

42,203

Amounts owed to group undertakings

340,423

337,693

Tax

28,519

13,637

Social security and other taxes

7,891

22,074

VAT

47,864

-

Other creditors

12,475

17,647

Directors' current accounts

365

155

Accrued expenses

4,750

4,500

487,187

437,909

7.	CAPITAL COMMITMENTS

2025

2024

£

Contracted but not provided for in the

financial statements

-

95,198

8.	RELATED PARTY TRANSACTIONS

At the year end the company owed £895 (2024 - £11,655) to a related party. This loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Pots and Pithoi Holdings Limited. The Holding company is not wholly controlled by one individual.