R F Potts Limited - Accounts to registrar (filleted) - small 18.2

R F Potts Limited - Accounts to registrar (filleted) - small 18.2


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R F POTTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019






R F POTTS LIMITED (REGISTERED NUMBER: 09329559)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R F POTTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: J Cleveley
J Potts





REGISTERED OFFICE: 66-68 Babington Lane
Derby
United Kingdom
DE1 1SX





REGISTERED NUMBER: 09329559 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

R F POTTS LIMITED (REGISTERED NUMBER: 09329559)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,243 29,698
Tangible assets 5 7,258 8,064
11,501 37,762

CURRENT ASSETS
Stocks 42,500 47,932
Debtors 6 10,076 12,140
Cash at bank and in hand 44,454 55,322
97,030 115,394
CREDITORS
Amounts falling due within one year 7 106,930 146,032
NET CURRENT LIABILITIES (9,900 ) (30,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,601 7,124

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 1,401 6,924
SHAREHOLDERS' FUNDS 1,601 7,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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
Sections 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.

R F POTTS LIMITED (REGISTERED NUMBER: 09329559)

BALANCE SHEET - continued
30 SEPTEMBER 2019


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 February 2020 and were signed on its behalf
by:





J Cleveley - Director


R F POTTS LIMITED (REGISTERED NUMBER: 09329559)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019


1. STATUTORY INFORMATION

R F Potts Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 6 ) .

R F POTTS LIMITED (REGISTERED NUMBER: 09329559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2018
and 30 September 2019 127,276
AMORTISATION
At 1 October 2018 97,578
Amortisation for year 25,455
At 30 September 2019 123,033
NET BOOK VALUE
At 30 September 2019 4,243
At 30 September 2018 29,698

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2018
and 30 September 2019 10,860
DEPRECIATION
At 1 October 2018 2,796
Charge for year 806
At 30 September 2019 3,602
NET BOOK VALUE
At 30 September 2019 7,258
At 30 September 2018 8,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 1,990 4,398
Other debtors 8,086 7,742
10,076 12,140

R F POTTS LIMITED (REGISTERED NUMBER: 09329559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 17,692 18,413
Taxation and social security 18,731 26,441
Other creditors 70,507 101,178
106,930 146,032

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200