Company Registration No. 08851120 (England and Wales)
POWR CAPITAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
POWR CAPITAL LIMITED
COMPANY INFORMATION
Directors
Mr T Lloyd-Baker
Mr R Lott
Company number
08851120
Registered office
Dormers Lodge
Flaunden Lane
Bovingdon
Hertfordshire
HP3 0PA
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
POWR CAPITAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
POWR CAPITAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,119
21,802
Current assets
Debtors
4
278
583
Cash at bank and in hand
40,979
28,931
41,257
29,514
Creditors: amounts falling due within one year
5
(29,509)
(28,725)
Net current assets
11,748
789
Total assets less current liabilities
27,867
22,591
Creditors: amounts falling due after more than one year
6
(10,925)
(12,625)
Net assets
16,942
9,966
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
16,842
9,866
Total equity
16,942
9,966

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

POWR CAPITAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 October 2023 and are signed on its behalf by:
Mr T Lloyd-Baker
Director
Company Registration No. 08851120
POWR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Powr Capital Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents the total invoice value of sales, excluding value added tax, made in the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% Reducing balance
Computer equipment
3 Years Straight line
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

POWR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2022 - 0).

3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 February 2022 and 31 January 2023
53,954
1,398
55,352
Depreciation and impairment
At 1 February 2022
33,084
466
33,550
Depreciation charged in the year
5,217
466
5,683
At 31 January 2023
38,301
932
39,233
Carrying amount
At 31 January 2023
15,653
466
16,119
At 31 January 2022
20,870
932
21,802
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
103
103
Other debtors
175
480
278
583
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
8,750
8,750
Trade creditors
9,181
10,079
Corporation tax
1,168
-
0
Other creditors
9,860
9,236
Accruals and deferred income
550
660
29,509
28,725
POWR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
10,925
12,625
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
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