Company Registration No. SC367264 (Scotland)
Power Adapters UK Limited
Unaudited accounts
for the year ended 31 March 2018
Power Adapters UK Limited
Unaudited accounts
Contents
Power Adapters UK Limited
Company Information
for the year ended 31 March 2018
Director
Alistair Pretswell
Company Number
SC367264 (Scotland)
Registered Office
5 Old Stage Road
Fountainhall
Galashiels
TD1 2SY
Power Adapters UK Limited
Statement of financial position
as at 31 March 2018
Cash at bank and in hand
332,525
362,742
Creditors: amounts falling due within one year
(13,279)
(88,838)
Net current assets
542,290
487,904
Net assets
544,185
488,672
Called up share capital
1
1
Profit and loss account
544,184
488,671
Shareholders' funds
544,185
488,672
For the year ending 31 March 2018 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.
Approved by the Board on 14 October 2018.
Alistair Pretswell
Director
Company Registration No. SC367264
Power Adapters UK Limited
Notes to the Accounts
for the year ended 31 March 2018
Power Adapters UK Limited is a private company, limited by shares, registered in Scotland, registration number SC367264. The registered office is 5 Old Stage Road, Fountainhall, Galashiels, TD1 2SY.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economic life of that asset as follows:
Plant & Machinery - 25% - 33% per annum
Fixtures & Fittings - 20% per annum
Motor Vehicles - 25% per annum
Tenants Improvements - 25% per annum
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2017
6,080
-
6,080
At 31 March 2018
6,080
2,200
8,280
At 1 April 2017
5,312
-
5,312
Charge for the year
673
400
1,073
At 31 March 2018
5,985
400
6,385
At 31 March 2018
95
1,800
1,895
At 31 March 2017
768
-
768
Power Adapters UK Limited
Notes to the Accounts
for the year ended 31 March 2018
Other debtors
214,000
214,000
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
13,279
34,181
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2017: 3).