Registered Number:07753751 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
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
2022
2023
545,271
545,271
2
Property, plant and equipment |
8,916
11,698
3
554,187
556,969
-
10,391
4
Trade and other receivables |
776,628
583,307
5
27,438
Cash and cash equivalents |
62,395
656,093
804,066
Trade and other payables: amounts falling due within one |
year |
(267,771)
(217,553)
6
536,295
438,540
Net current assets
Total assets less current liabilities |
992,727
1,093,264
Trade and other payables: amounts falling due after more |
than one year |
(275,158)
(321,259)
7
(1,260)
(1,693)
Provisions for liabilities |
670,208
Net assets
816,413
2
2
670,206
816,411
670,208
816,413
Shareholders' funds
For the year ended 31 March 2023 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 2023 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 2023
Potent Solutions Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 29 December 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
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. |
The Crescent Banqueting Hall
Lever Street
Bolton
Lancashire
BL3 6NN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 2023
Potent Solutions Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Motor vehicles
47,286
13,319
30,667
3,300
428
428
-
-
3,300
30,667
13,747
47,714
Provision for depreciation and impairment |
35,588
13,319
18,969
3,300
Charge for year
3,210
143
3,067
-
38,798
13,462
22,036
3,300
-
8,631
285
8,916
-
11,698
-
11,698
2022
2023
10,391
-
5. Trade and other receivables |
2022
2023
(4,258)
(4,800)
587,565
781,428
776,628
583,307
The debtors above include the following amounts falling due after more than one year: |
565,876
671,165
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For the year ended 31 March 2023
Potent Solutions Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
100,687
10,000
-
39,468
35,746
31,990
Taxation and social security |
41,442
104,172
39,678
82,141
217,553
267,771
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
49,042
39,042
272,217
236,116
321,259
275,158
8. Average number of persons employed |
During the year the average number of employees was 38 (2022 : 47)
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