Potters Skip Hire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07101373 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Potters Skip Hire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Potter

SECRETARY:

J Potter

REGISTERED OFFICE:

4 Swan Lane

Coventry

CV2 4GB

REGISTERED NUMBER:

07101373 (England and Wales)

ACCOUNTANTS:

S Ward & Co Accountants

208 Binley Road

Coventry

CV3 1HG

CURRENT ASSETS

Debtors

5

1,235

30,411

Cash at bank

203

1,492

1,438

31,903

CREDITORS

Amounts falling due within one year

6

18,779

41,415

NET CURRENT LIABILITIES

(17,341

)

(9,512

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,341

)

(9,512

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(17,342

)

(9,513

)

SHAREHOLDERS' FUNDS

(17,341

)

(9,512

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 5 March 2020 and were signed by:

J Potter - Director

1.	STATUTORY INFORMATION

Potters Skip Hire 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax is

measured using tax rates and laws that have been enacted or substantively enacted by the year

end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

52,206

DEPRECIATION

At 1 January 2019

and 31 December 2019

52,206

NET BOOK VALUE

At 31 December 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

180

Other debtors

1,235

30,231

1,235

30,411

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Hire purchase contracts

-

10,035

Taxation and social security

85

6,616

Other creditors

18,694

24,764

18,779

41,415