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REGISTERED NUMBER: 05340910 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Powell Systems Maintenance Limited

Powell Systems Maintenance Limited (Registered number: 05340910)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Powell Systems Maintenance Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr I Powell





SECRETARY: Mrs PA Powell





REGISTERED OFFICE: Unit 2 Fitzroy Business Park Sandy Lane
Sidcup
Kent
DA14 5NL





REGISTERED NUMBER: 05340910 (England and Wales)





ACCOUNTANTS: Finsbury Robinson Limited
237 Westcombe Hill
Blackheath
London
SE3 7DW

Powell Systems Maintenance Limited (Registered number: 05340910)

Abridged Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Stocks 106,808 238,946
Debtors 204,949 73,236
Cash at bank 58,542 41,385
370,299 353,567
CREDITORS
Amounts falling due within one year 153,323 153,179
NET CURRENT ASSETS 216,976 200,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,976

200,388

CREDITORS
Amounts falling due after more than
one year

26,125

35,125
NET ASSETS 190,851 165,263

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 190,751 165,163
SHAREHOLDERS' FUNDS 190,851 165,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Powell Systems Maintenance Limited (Registered number: 05340910)

Abridged Statement of Financial Position - continued
31 January 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:





Mr I Powell - Director


Powell Systems Maintenance Limited (Registered number: 05340910)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Powell Systems Maintenance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Powell Systems Maintenance Limited (Registered number: 05340910)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,000 9,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 26,125 35,125

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary 1 100 100