Registered Number
:
07753751
|
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Potent Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Potent Solutions Limited
Statement of Financial Position
2016
2017
545,271
545,271
2
Property
,
plant and equipment
|
13,741
16,170
3
559,012
561,441
Trade and other receivables
|
298,136
448,263
4
339,126
Cash and cash equivalents
|
53,812
502,075
637,262
Trade and other payables
:
amounts falling due within one
|
year
|
(468,912)
(323,891)
5
168,350
178,184
Net current assets
Total assets less current liabilities
|
737,196
729,791
Trade and other payables
:
amounts falling due after more
|
than one year
|
(285,625)
(244,913)
6
(1,246)
(1,403)
Provisions for liabilities
|
491,037
Net assets
442,763
2
2
491,035
442,761
491,037
442,763
Shareholders' funds
For the year ended 31 March 2017 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 of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
1 of 5
For the year ended 31 March 2017
Potent Solutions Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 30 November 2017 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2017
Potent Solutions Limited
Notes to the Financial Statements
Statutory Information
Potent Solutions Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
07753751
.
|
Suite 2C, Atria House
Spa Road
Bolton
Lancashire
BL1 4AG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
.
Intangible fixed assets
|
Goodwill
545,271
545,271
545,271
545,271
3 of 5
For the year ended 31 March 2017
Potent Solutions Limited
Notes to the Financial Statements Continued
3
.
Property
,
plant and equipment
|
22,005
4,805
17,200
695
-
695
17,895
4,805
22,700
Provision for depreciation and impairment
|
5,835
2,039
3,796
Charge for year
3,124
1,263
1,861
8,959
3,302
5,657
12,238
1,503
13,741
13,404
2,766
16,170
4
.
Trade and other receivables
|
2016
2017
1,050
3,940
447,213
294,196
298,136
448,263
The debtors above include the following amounts falling due after more than one year
:
|
369,287
238,827
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
19,326
20,032
16,490
71,545
Taxation and social security
|
236,538
231,198
51,537
146,137
323,891
468,912
4 of 5
For the year ended 31 March 2017
Potent Solutions Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
244,913
285,625
5 of 5