1 April 2022 false No description of principal activity Taxfiler 2023.9.1 04072414business:PrivateLimitedCompanyLtd2022-04-012023-03-31 040724142022-03-31 040724142022-04-012023-03-31 04072414business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 04072414business:FilletedAccounts2022-04-012023-03-31 040724142023-03-31 04072414business:Director12022-04-012023-03-31 04072414business:RegisteredOffice2022-04-012023-03-31 040724142022-03-31 04072414core:WithinOneYear2023-03-31 04072414core:WithinOneYear2022-03-31 04072414core:AfterOneYear2023-03-31 04072414core:AfterOneYear2022-03-31 04072414core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04072414core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 04072414core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04072414core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 04072414core:PreviouslyStatedAmount2023-03-31 04072414core:PreviouslyStatedAmount2022-03-31 04072414business:SmallEntities2022-04-012023-03-31 04072414countries:EnglandWales2022-04-012023-03-31 04072414core:PlantMachinery2022-04-012023-03-31 04072414core:MotorVehicles2022-04-012023-03-31 04072414core:FurnitureFittings2022-04-012023-03-31 04072414core:ComputerEquipment2022-04-012023-03-31 04072414core:PlantMachinery2022-03-31 04072414core:PlantMachinery2023-03-31 040724142021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04072414 (England and Wales)
Power Accountax Limited Unaudited accounts for the year ended 31 March 2023
Power Accountax Limited Unaudited accounts Contents
Page
- 2 -
Power Accountax Limited Company Information for the year ended 31 March 2023
Director
Mr Rajesh Kohli
Company Number
04072414 (England and Wales)
Registered Office
Mailbox 3, Solent Business Centre 343 Millbrook Road West, Southampton Southampton SO15 0HW United Kingdom
Accountants
Power Account Limited C/O Power Accountax Limited, Mailbox 3, Solent Business Centre, 343 Millbrook Road West, Southampton SO15 0HW
- 3 -
Power Accountax Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,062 
9,416 
Investments
280,687 
280,687 
287,749 
290,103 
Current assets
Debtors
112,183 
83,826 
Cash at bank and in hand
20,479 
88,088 
132,662 
171,914 
Creditors: amounts falling due within one year
(428)
(31,352)
Net current assets
132,234 
140,562 
Total assets less current liabilities
419,983 
430,665 
Creditors: amounts falling due after more than one year
(760,134)
(819,259)
Net liabilities
(340,151)
(388,594)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(340,351)
(388,794)
Shareholders' funds
(340,151)
(388,594)
For the year ending 31 March 2023 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.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
Mr Rajesh Kohli Director Company Registration No. 04072414
- 4 -
Power Accountax Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Power Accountax Limited is a private company, limited by shares, registered in England and Wales, registration number 04072414. The registered office is Mailbox 3, Solent Business Centre, 343 Millbrook Road West, Southampton, Southampton, SO15 0HW, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
119,832 
At 31 March 2023
119,832 
Depreciation
At 1 April 2022
110,416 
Charge for the year
2,354 
At 31 March 2023
112,770 
Net book value
At 31 March 2023
7,062 
At 31 March 2022
9,416 
- 5 -
Power Accountax Limited Notes to the Accounts for the year ended 31 March 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
280,687 
Valuation at 31 March 2023
280,687 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,389 
4,204 
Accrued income and prepayments
56 
- 
Other debtors
428 
1,122 
8,873 
5,326 
Amounts falling due after more than one year
Other debtors
103,310 
78,500 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
16,302 
Other creditors
428 
- 
Deferred income
- 
15,050 
428 
31,352 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
760,134 
731,183 
Loans from directors
- 
88,076 
760,134 
819,259 
- 6 -
Power Accountax Limited Notes to the Accounts for the year ended 31 March 2023
9
Transactions with related parties
Power Consulting UK Ltd (The director is a family member) At the balance sheet date the amount due to Power Consulting UK Ltd was £27,077 (2022 - £27,077). Power Account (The director is a family member) At the balance sheet date the amount due to Power Account was £201,236 (2022- £201,236). Apto Accounting Limited (The director is a family member) At the balance sheet date the amount due to Apto Accounting Ltd was £235,700 (2022 -£235,700) Caprica Online Limited (The director is a family member) At the balance sheet date the amount due to Caprica Online Ltd was £221,689 (2022 - £193,586). Power Umbrella Ltd (Director is a shareholder.) At the balance sheet date the amount due to Power Umbrella Ltd was £74,432 (2022 - £56,755).
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 7 -