Potsy_Pamsy_Limited_28_Feb_2026_companies_house_set_of

Potsy Pamsy Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Potsy Pamsy Limited

Year ended

28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Potsy Pamsy Limited

for the year ended

28 February 2026

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Potsy Pamsy Limited

, as a body, in accordance with the terms of my engagement letter dated 25 June 2021. My work has been undertaken solely to prepare for your approval the

financial statements

Potsy Pamsy Limited

and state those matters that I have agreed to state to the Board of Directors of

Potsy Pamsy Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Potsy Pamsy Limited

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Potsy Pamsy 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

Potsy Pamsy Limited

. You consider that

Potsy Pamsy Limited

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Potsy Pamsy Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Gordon & Co

Chartered Accountants and Business Advisors

25/27 Station Street

Cheslyn Hay

Walsall

Staffordshire

WS6 7ED

United Kingdom

Date:

29 July 2026

Potsy Pamsy Limited

Statement of Financial Position

28 February 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	3,611		-
Current assets
Stocks		3,950		3,950
Debtors	6	25,922		500
Cash at bank and in hand		71,452		97,114
		101,324		101,564
Creditors: amounts falling due within one year	7	(32,566	)	(43,529	)
Net current assets		68,758		58,035
Total assets less current liabilities		72,369		58,035
Capital and reserves
Called up share capital		1		1
Profit and loss account		72,368		58,034
Shareholders funds		72,369		58,035

For the year ending

28 February 2026

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

29 July 2026

, and are signed on behalf of the board by:

Lynn Taylor

Director

Company registration number:

11223312

Potsy Pamsy Limited

Notes to the Financial Statements

Year ended

28 February 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

25-27 Station Street

Cheslyn Hay

Walsall

Staffordshire

WS6 7ED

, United Kingdom.

2 Statement of compliance

These

financial statements

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

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

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

Fixtures and fittings	25% straight line
Plant and machinery	25% straight line
Office equipment	25% straight line

Impairment

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

6.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 March 2025	10,327
Additions	4,816
At 28 February 2026	15,143
Depreciation
At 1 March 2025	10,327
Charge	1,205
At 28 February 2026	11,532
Carrying amount
At 28 February 2026	3,611
At 28 February 2025	-

6 Debtors

	2026	2025
	£	£
Trade debtors	500	500
Other debtors	25,422	-
	25,922	500

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	270	2,317
Taxation and social security	30,094	38,022
Other creditors	2,202	3,190
	32,566	43,529

8 Related party transactions

At 28 February 2026, the company was owed £25,422 (2025: owed to director £534) from the company director, Lynn Taylor. The maximum balance outstanding from the director during the year was £25,402 (2025: £Nil). No interest is charged on the balance. The overdrawn director’s loan account is included in other debtors. The director received a dividend on ordinary shares of £40,000 (2025: £36,000) during the financial year which was credited to the director’s current account.