The Pot Kiln Limited
The Pot Kiln Limited
Registered number: 05366159
Unaudited Financial Statements
For The Year Ended 31 July 2017
Shilton Accounting Services
Certified Practising Accountant
Honeystone Cottage
Ladburn Lane
Shilton
Oxfordshire
OX18 4AJ
The Pot Kiln Limited
Unaudited Financial Statements
For The Year Ended 31 July 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
The Pot Kiln Limited
Balance Sheet
As at
31 July 2017
Balance Sheet
Registered number:
05366159
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (100,763) | (61,726) | |||
Page 1
The Pot Kiln Limited
Balance Sheet (continued)
As at
31 July 2017
Directors' responsibilities:
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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. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
The Pot Kiln Limited
Notes to the Unaudited Accounts
For The Year Ended 31 July 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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| Restaurant and Bar |
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Page 3
The Pot Kiln Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 July 2017
5.
Tangible Assets
| Land & Property | ||||
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| Leasehold | Plant & Machinery | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
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| Additions |
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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6.
Stocks
| 2017 | 2016 | ||
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| £ | £ | ||
| Stock - materials and work in progress | 9,655 | 12,254 | |
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7.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Corporation tax recoverable assets |
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Page 4
The Pot Kiln Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 July 2017
8.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other taxes and social security |
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| VAT |
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| Net wages | 12,529 | 14,594 | |
| Other creditors |
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| Deposits received |
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| Accruals and deferred income |
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| Directors' loan accounts |
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10.
Related Party Transactions
Katherine Robinson
Director
Was owed £61,273.24 by the company at 31st July 2017
11.
Controlling Party
The company's controlling party is Katherine Robinson by virtue of his ownership of (34 %)% of the issued share capital in the company.
12.
General Information
The Pot Kiln Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05366159 . The registered office is Honeystone Cottage, Ladburn Lane Shilton, Burford, Oxfordshire, OX18 4AJ.
Page 5