Registered number: 07816492

Potent Design Ltd

Abbreviated accounts

for the period ended 31 December 2013

Potent Design Ltd

Contents

• Abbreviated Balance sheet
• Notes to the financial statements

Potent Design Ltd

Abbreviated balance sheet

as at 31 December 2013

		2013		2012
	Notes	£	£	£	£
Fixed Assets
Tangible assets			-		2,732
Current Asset
Cash at bank and in hand		19,290		31,434
Other Debtors		-		64,945
		19,290		96,379
Creditors: amounts falling due within one year	7	(13,413)		(26,338)
Net current assets			5,877		70,041
Total assets less current liabilities			5,877		72,773
Net assets			5,877		72,773
Capital and reserves
Share Capital			100		100
Profit and loss account			5,777		72,673
Shareholder's funds			5,877		72,773

The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

Potent Design Ltd

Registered number: 07816492

Abbreviated balance sheet (continued)

Directors' statements required by Sections 475(2) and (3)
for the period ended 31 December 2013

In approving these abbreviated accounts as directors of the company we hereby confirm:

(a)	that for the period stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b)	that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the period ended 31 December 2013 ; and
(c)	that we acknowledge our responsibilities for:
	(1)	ensuring that the company keeps accounting records which comply with Section 386 ; and
	(2)	preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the period then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The abbreviated accounts were approved by the Board on 15 September 2014 and signed on its behalf by
Charlotte Pollnitz
Director

Potent Design Ltd

Notes to the abbreviated financial statements

for the period ended 31 December 2013

1	Accounting policies
1.1	Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2	Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
1.3	Tangible fixed assets and depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
	Motor vehicles	25% straight line
	Equipment, fixtures and fittings	25% straight line
1.4	Stocks Stock is valued at the lower of cost and net realisable value.

4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
		£		£		£
	Cost
	At 1 November 2012	3,450		-		3,450
	Additions	132		-		132
	Disposals	(3,582)		-		(3,582)
	At 31 December 2013	-		-		-
	Depreciation
	At 1 November 2012	718		-		718
	Charge for the year	1,037		-		1,037
	On disposals	(1,755)		-		(1,755)
	At 31 December 2013	0		-		-
	Net book value
	At 31 December 2013	-		-		-
	At 31 December 2012	2,732		-		2,732

		2013		2012
7	Creditors: amounts falling due within one year	£		£
	Corporation tax	1,103		17,495
	VAT	-		8,843
	PAYE_NI	184		-
	Other liabilities	532		-
	Director's loan account for Frederick Pollnitz	2,872		-
	Director's loan account for Charlotte Pollnitz	8,722		-
		13,413		26,339

8	Share capital	2013		2012		2013		2012
		No		No		£		£
	Allotted, called up and fully paid:
	Ordinary shares of £ 1 each	100		100		100		100

11	Controlling interest
	The controlling and ultimate controlling party is Frederick Pollnitz, the director of the company, by virtue of the fact that he/she owns 100% of the issued share capital.

12	Transactions with directors
	Advances to directors
	The following directors had interest free loans during the period. The movements on these loans are as follows:
		Amount owing at end of
		2013		2012		Max in period
		£		£		£
	Director's loan account for Charlotte Pollnitz	0		64,945		0

13	Going concern
	The company ceased to trade during the period and the accounts have been prepared on a break-up basis.