OLD POTTERY LIMITED


OLD POTTERY LIMITED

Company Registration Number:
06709380 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2022

Period of accounts

Start date: 01 June 2021

End date: 31 May 2022

OLD POTTERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2022

Balance sheet
Notes

OLD POTTERY LIMITED

Balance sheet

As at 31 May 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 47,265 70,347
Total fixed assets: 47,265 70,347
Current assets
Debtors:   16,097 9,047
Cash at bank and in hand: 3,896 15,742
Total current assets: 19,993 24,789
Creditors: amounts falling due within one year: 4 (746) (133,294)
Net current assets (liabilities): 19,247 (108,505)
Total assets less current liabilities: 66,512 (38,158)
Creditors: amounts falling due after more than one year: 5 (99,000)
Provision for liabilities: (8,940) (13,445)
Total net assets (liabilities): (41,428) (51,603)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (41,528) (51,703)
Shareholders funds: (41,428) (51,603)

The notes form part of these financial statements

OLD POTTERY LIMITED

Balance sheet statements

For the year ending 31 May 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 February 2023
and signed on behalf of the board by:

Name: N Poole
Status: Director

The notes form part of these financial statements

OLD POTTERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc.. 33% on cost

Other accounting policies

TaxationTaxation 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 payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred 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 the 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.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.

OLD POTTERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

2. Employees

2022 2021
Average number of employees during the period 1 3

OLD POTTERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

3. Tangible Assets

Total
Cost £
At 01 June 2021 98,427
At 31 May 2022 98,427
Depreciation
At 01 June 2021 28,080
Charge for year 23,082
At 31 May 2022 51,162
Net book value
At 31 May 2022 47,265
At 31 May 2021 70,347

OLD POTTERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

4. Creditors: amounts falling due within one year note

Trade creditors - £NIL (2022), £1 (2021)Taxation & social security - £168 (2022), £171 (2021)Other creditors - £578 (2022), £133,122 (2021)

OLD POTTERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

5. Creditors: amounts falling due after more than one year note

Amounts owed to associates - £99,000 (2022), £NIL (2021)