Registered Number
:
07753751
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
Potent Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Potent Solutions Limited
Statement of Financial Position
2017
2018
545,271
545,271
2
Property
,
plant and equipment
|
14,517
13,741
3
559,788
559,012
Trade and other receivables
|
448,263
932,796
4
53,812
Cash and cash equivalents
|
15,984
948,780
502,075
Trade and other payables
:
amounts falling due within one
|
year
|
(323,891)
(357,709)
5
178,184
591,071
Net current assets
Total assets less current liabilities
|
1,150,859
737,196
Trade and other payables
:
amounts falling due after more
|
than one year
|
(244,913)
(397,515)
6
(1,588)
(1,246)
Provisions for liabilities
|
751,756
Net assets
491,037
2
2
751,754
491,035
751,756
491,037
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 30 December 2018 and were signed by:
|
1 of 5
For the year ended 31 March 2018
Potent Solutions Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2018
Potent Solutions Limited
Notes to the Financial Statements
Statutory Information
Potent Solutions Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
07753751
.
|
Churchgate House, 3rd Floor
30 Churchgate
Bolton
Lancashire
BL1 1HL
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
.
Intangible fixed assets
|
Goodwill
545,271
545,271
545,271
545,271
3 of 5
For the year ended 31 March 2018
Potent Solutions Limited
Notes to the Financial Statements Continued
3
.
Property
,
plant and equipment
|
Motor vehicles
22,700
4,805
17,895
-
4,768
749
719
3,300
3,300
18,614
5,554
27,468
Provision for depreciation and impairment
|
8,959
3,302
5,657
-
Charge for year
3,992
1,306
1,861
825
12,951
4,608
7,518
825
2,475
11,096
946
14,517
-
12,238
1,503
13,741
4
.
Trade and other receivables
|
2017
2018
4,260
1,050
928,536
447,213
448,263
932,796
The debtors above include the following amounts falling due after more than one year
:
|
846,595
369,287
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
16,015
19,326
54,819
16,490
Taxation and social security
|
228,439
236,538
58,436
51,537
357,709
323,891
4 of 5
For the year ended 31 March 2018
Potent Solutions Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
397,515
244,913
5 of 5