Pots Direct Limited - Abbreviated accounts 16.3
Pots Direct Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st August 2016 |
| for |
| Pots Direct Limited |
| Pots Direct Limited (Registered number: 03772953) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Pots Direct Limited |
| Company Information |
| for the Year Ended 31st August 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Pots Direct Limited (Registered number: 03772953) |
| Abbreviated Balance Sheet |
| 31st August 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Pots Direct Limited (Registered number: 03772953) |
| Abbreviated Balance Sheet - continued |
| 31st August 2016 |
| The financial statements were approved by the Board of Directors on |
| Pots Direct Limited (Registered number: 03772953) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st August 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Franchise fee |
| The franchise fee acquired in 2008 is being written off over it's expected useful life of five years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| The franchise fee acquired in 2008 is being written off over its expected useful life of five years. |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st September 2015 |
| and 31st August 2016 |
| DEPRECIATION |
| At 1st September 2015 |
| Charge for year |
| At 31st August 2016 |
| NET BOOK VALUE |
| At 31st August 2016 |
| At 31st August 2015 |
| Pots Direct Limited (Registered number: 03772953) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st August 2016 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the year end the company owed the directors £69,477 (2015: £68,091) being the balance outstanding on their |
| loan accounts. |