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Powerplus Enterprises Limited
Registered Number:03829385
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Powerplus Enterprises Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03829385
As at 31 August 2023
Powerplus Enterprises Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,261
2,036
2
2,261
2,036
Current assets
Inventories
618,812
706,758
3
Trade and other receivables
192,733
246,900
4
191,825
Cash and cash equivalents
151,084
1,104,742
1,003,370
Trade and other payables: amounts falling due within one year
(56,671)
(231,342)
5
946,699
873,400
Net current assets
Total assets less current liabilities
875,661
948,735
875,661
Net assets
948,735
Capital and reserves
Called up share capital
360,263
360,263
Retained earnings
515,398
588,472
875,661
948,735
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Amardeep Dhody Director
These financial statements were approved and authorised for issue by the Board on 18 January 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
Powerplus Enterprises Limited
Notes to the Financial Statements
Statutory Information
Powerplus Enterprises Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03829385.
Registered address:
Westerdale House
Harthill Street
Manchester
M8 8AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or valuation
At 01 September 2022
46,628
9,797
11,470
25,361
1,030
-
1,030
-
Additions
At 31 August 2023
25,361
12,500
9,797
47,658
Provision for depreciation and impairment
At 01 September 2022
44,592
8,692
10,998
24,902
Charge for year
805
413
300
92
At 31 August 2023
45,397
9,105
11,298
24,994
At 31 August 2023
Net book value
367
1,202
692
2,261
At 31 August 2022
459
472
1,105
2,036
3. Inventories
2022
2023
£
£
Stocks
706,758
618,812
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5
For the year ended 31 August 2023
Powerplus Enterprises Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2022
2023
£
£
Trade debtors
221,348
175,746
Other debtors
25,552
16,987
192,733
246,900
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
168,063
-
Trade creditors
43,419
358
Taxation and social security
14,539
50,269
Other creditors
5,321
6,044
231,342
56,671
6. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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