| Potato Solutions Limited |
| Registered number: |
08156778 |
| Balance Sheet |
| as at 31 March 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
28,416 |
|
|
20,551 |
|
| Current assets |
| Debtors |
3 |
|
28,390 |
|
|
916 |
| Cash at bank and in hand |
|
|
25,427 |
|
|
15,666 |
|
|
|
53,817 |
|
|
16,582 |
|
| Creditors: amounts falling due within one year |
4 |
|
(29,364) |
|
|
(11,357) |
|
| Net current assets |
|
|
|
24,453 |
|
|
5,225 |
|
| Total assets less current liabilities |
|
|
|
52,869 |
|
|
25,776 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(7,508) |
|
|
(5,025) |
|
|
|
| Net assets |
|
|
|
45,361 |
|
|
20,751 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
45,261 |
|
|
20,651 |
|
| Shareholders' funds |
|
|
|
45,361 |
|
|
20,751 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr T J H Kitson |
| Director |
| Approved by the board on 09.05.19 |
|
| Potato Solutions Limited |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2018 |
22,432 |
|
20,552 |
|
42,984 |
|
Additions |
6,224 |
|
15,300 |
|
21,524 |
|
Disposals |
- |
|
(16,000) |
|
(16,000) |
|
At 31 March 2019 |
28,656 |
|
19,852 |
|
48,508 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
9,441 |
|
12,992 |
|
22,433 |
|
Charge for the year |
2,882 |
|
4,027 |
|
6,909 |
|
On disposals |
- |
|
(9,250) |
|
(9,250) |
|
At 31 March 2019 |
12,323 |
|
7,769 |
|
20,092 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
16,333 |
|
12,083 |
|
28,416 |
|
At 31 March 2018 |
12,991 |
|
7,560 |
|
20,551 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
27,280 |
|
- |
|
Other debtors |
1,110 |
|
916 |
|
|
|
|
|
|
28,390 |
|
916 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
3,661 |
|
- |
|
Corporation tax |
13,247 |
|
8,815 |
|
Other taxes and social security costs |
10,030 |
|
264 |
|
Other creditors |
2,426 |
|
2,278 |
|
|
|
|
|
|
29,364 |
|
11,357 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans |
7,508 |
|
5,025 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Potato Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Britannia House |
|
16 Hall Quay |
|
Great Yarmouth |
|
NR30 1HP |
