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Registered number: 09371093

Powertech Onsite Machining Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
M H Accountancy
The Croft
Windsor Green
Cockfield
Bury St Edmunds
IP30 0LY

Powertech Onsite Machining Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
Gavin Power
REGISTERED OFFICE
The Croft
Windsor Green, Cockfield
Bury St Edmunds
Suffolk
IP30 0LY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09371093
ACCOUNTANTS
M H Accountancy
The Croft
Windsor Green
Cockfield
Bury St Edmunds
IP30 0LY

Powertech Onsite Machining Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Powertech Onsite Machining Ltd

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,1782,460
CURRENT ASSETS
Debtors-2,064
Cash at bank and in hand24,16111,582
24,16113,646
CREDITORS: Amounts falling due within one year423,49223,613
NET CURRENT ASSETS / (LIABILITIES)669(9,967)
TOTAL ASSETS LESS CURRENT LIABILITIES2,847(7,507)
PROVISIONS FOR LIABILITIES AND CHARGES5529-
NET ASSETS / (LIABILITIES)2,318(7,507)
CAPITAL AND RESERVES
Called up share capital6200200
Profit and loss account2,118(7,707)
SHAREHOLDERS' FUNDS2,318(7,507)
For the year ending 31/01/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/10/2023 and signed on their behalf by
.............................
Gavin Power
Director

Powertech Onsite Machining Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Powertech Onsite Machining Ltd

3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/02/20223,2752,1005,375
Additions444-444
At 31/01/20233,7192,1005,819
Depreciation
At 01/02/20221,0121,9032,915
For the year67749726
At 31/01/20231,6891,9523,641
Net Book Amounts
At 31/01/20232,0301482,178
At 31/01/20222,2631972,460
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account22,60422,755
Accruals888858
23,49223,613
5. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation529(2,064)
529-
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
200 Ordinary shares of £1 each200200
200200