Registered Number
:
07753751
|
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
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
2021
2022
545,271
545,271
2
Property
,
plant and equipment
|
11,698
15,673
3
556,969
560,944
Trade and other receivables
|
2,127,249
776,628
4
145,497
Cash and cash equivalents
|
27,438
804,066
2,272,746
Trade and other payables
:
amounts falling due within one
|
year
|
(1,305,087)
(267,771)
5
967,659
536,295
Net current assets
Total assets less current liabilities
|
1,093,264
1,528,603
Trade and other payables
:
amounts falling due after more
|
than one year
|
(664,534)
(275,158)
6
(1,693)
(2,333)
Provisions for liabilities
|
816,413
Net assets
861,736
2
2
816,411
861,734
816,413
861,736
Shareholders' funds
For the year ended 31 March 2022 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 2022 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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.
|
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For the year ended 31 March 2022
Potent Solutions Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 27 December 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2022
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
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For the year ended 31 March 2022
Potent Solutions Limited
Notes to the Financial Statements Continued
3
.
Property
,
plant and equipment
|
Motor vehicles
46,348
13,319
29,729
3,300
938
-
938
-
3,300
30,667
13,319
47,286
Provision for depreciation and impairment
|
30,675
11,378
15,997
3,300
Charge for year
4,913
1,941
2,972
-
35,588
13,319
18,969
3,300
-
11,698
-
11,698
-
13,732
1,941
15,673
4
.
Trade and other receivables
|
2021
2022
(4,800)
3,606
781,428
2,123,643
2,127,249
776,628
The debtors above include the following amounts falling due after more than one year
:
|
671,165
1,827,593
5
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
Bank loans and overdraft
(
secured
)
|
10,000
8,333
39,468
24,200
31,990
883,690
Taxation and social security
|
104,172
233,921
82,141
154,943
267,771
1,305,087
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For the year ended 31 March 2022
Potent Solutions Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2021
2022
Bank loans and overdraft
(
secured
)
|
39,042
41,667
236,116
622,867
275,158
664,534
7
.
Average number of persons employed
|
During the year the average number of employees was 47 (2021 : 50)
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