Company Registration No. NI065025 (Northern Ireland)
A.D. Pottie & Co Ltd
Unaudited accounts
for the year ended 30 June 2020
A.D. Pottie & Co Ltd
Unaudited accounts
Contents
A.D. Pottie & Co Ltd
Company Information
for the year ended 30 June 2020
Company Number
NI065025 (Northern Ireland)
Registered Office
1 Church Street
Fintona
BT78 2BR
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
A.D. Pottie & Co Ltd
Statement of financial position
as at 30 June 2020
Tangible assets
20,352
22,794
Cash at bank and in hand
61,549
17,030
Creditors: amounts falling due within one year
(107,330)
(105,730)
Net current assets
82,083
82,490
Net assets
102,435
105,284
Called up share capital
200,000
200,000
Profit and loss account
(97,565)
(94,716)
Shareholders' funds
102,435
105,284
For the year ending 30 June 2020 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2021 and were signed on its behalf by
Donald Pottie
Director
Company Registration No. NI065025
A.D. Pottie & Co Ltd
Notes to the Accounts
for the year ended 30 June 2020
A.D. Pottie & Co Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI065025. The registered office is 1 Church Street, Fintona, BT78 2BR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2019
71,315
4,409
75,724
At 30 June 2020
72,048
6,323
78,371
At 1 July 2019
51,405
1,525
52,930
Charge for the year
4,129
960
5,089
At 30 June 2020
55,534
2,485
58,019
At 30 June 2020
16,514
3,838
20,352
At 30 June 2019
19,910
2,884
22,794
Trade debtors
57,892
49,683
Accrued income and prepayments
(42)
(82)
Other debtors
70,014
121,589
A.D. Pottie & Co Ltd
Notes to the Accounts
for the year ended 30 June 2020
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
50,000
27,243
Trade creditors
4,270
1,107
Taxes and social security
14,868
32,103
Other creditors
1,206
8,381
Loans from directors
-
36,896
7
Average number of employees
During the year the average number of employees was 4 (2019: 4).
