Potteries Power Transmission Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01189386 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

POTTERIES POWER TRANSMISSION LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Tangible assets

4

165,235

174,595

Investments

5

1,636

1,064

166,871

175,659

CURRENT ASSETS

Stocks

94,008

93,300

Debtors

6

606,301

573,528

Cash at bank and in hand

41,236

45,945

741,545

712,773

CREDITORS

Amounts falling due within one year

7

(806,959

)

(785,225

)

NET CURRENT LIABILITIES

(65,414

)

(72,452

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

101,457

103,207

CREDITORS

Amounts falling due after more than one
year

8

(9,847

)

(27,805

)

PROVISIONS FOR LIABILITIES

(1,898

)

(3,410

)

ACCRUALS AND DEFERRED INCOME

(1,750

)

(1,817

)

NET ASSETS

87,962

70,175

CAPITAL AND RESERVES

Called up share capital

5,000

Revaluation reserve

59,621

Retained earnings

23,341

5,554

87,962

70,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 14 July 2026 and were signed on its behalf by:

D R Hodgson - Director

1.	STATUTORY INFORMATION

Potteries Power Transmission 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:

01189386

Registered office:

C/o DPC Accountants

Stone House

55 Stone Road Business Park

Stoke on Trent

Staffordshire

ST4 6SR

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 as modified by the revaluation of certain assets.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Estimated useful lives and residual values of fixed assets

As described in the notes to the financial statements, depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION

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.

Freehold land and buildings

-

2% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

33.33% on cost

STOCKS

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

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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.

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.

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land and

and

Motor

Computer

buildings

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

174,355

-

32,938

1,878

209,171

Additions

-

2,094

-

2,094

At 31 October 2025

174,355

2,094

32,938

1,878

211,265

DEPRECIATION

At 1 November 2024

30,961

-

1,926

1,689

34,576

Charge for year

3,530

524

7,218

182

11,454

At 31 October 2025

34,491

524

9,144

1,871

46,030

NET BOOK VALUE

At 31 October 2025

139,864

1,570

23,794

7

165,235

At 31 October 2024

143,394

-

31,012

189

174,595

The freehold land and buildings, including the adjoining land, were valued on an open market basis on 19th September 2016 by Butters John Bee, a firm of independent chartered surveyors, in the opinion of the director's this is deemed to be a fair representation of the market value at 31 October 2025. The historical cost at 1 November 2024 was £124,080 and at 31 October 2025 was £124,080.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 November 2024

1,064

Revaluations

572

At 31 October 2025

1,636

NET BOOK VALUE

At 31 October 2025

1,636

At 31 October 2024

1,064

Fixed asset investments are made up of 922 Standard Life shares at an original cost of £2,015.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

468,629

420,495

Amounts owed by group undertakings

5,656

-

Other debtors

132,016

153,033

606,301

573,528

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

9,937

9,507

Hire purchase contracts (see note 9)

6,876

6,472

Trade creditors

440,369

449,053

Amounts owed to group undertakings

-

1,845

Taxation and social security

77,177

86,691

Other creditors

272,600

231,657

806,959

785,225

Amounts due to group companies are interest free, unsecured and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

4,353

15,484

Hire purchase contracts (see note 9)

5,494

12,321

9,847

27,805

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.25

31.10.24

£

Net obligations repayable:

Within one year

6,876

6,472

Between one and five years

5,494

12,321

12,370

18,793

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

D R Hodgson

Balance outstanding at start of year

(136,800

)

(139,719

)

Amounts advanced

111,801

114,719

Amounts repaid

(90,319

)

(111,800

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(115,318

)

(136,800

)

11.	POST BALANCE SHEET EVENTS

There were no other significant events up to the date of approval of the financial statements by the Board.