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REGISTERED NUMBER: 02930391 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Power Press Inspection Services Limited

Power Press Inspection Services Limited (Registered number: 02930391)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Power Press Inspection Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr K Carter
Mr L D Carter
Mrs M Carter





SECRETARY: Mr K Carter





REGISTERED OFFICE: 14 The Brambles
Walmley
Sutton Coldfield
West Midlands
B76 1NF





REGISTERED NUMBER: 02930391 (England and Wales)

Power Press Inspection Services Limited (Registered number: 02930391)

Abridged Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,025 70,125
Tangible assets 5 - -
58,025 70,125

CURRENT ASSETS
Debtors 39,073 37,186
Cash at bank 25,613 27,541
64,686 64,727
CREDITORS
Amounts falling due within one year 55,818 64,983
NET CURRENT ASSETS/(LIABILITIES) 8,868 (256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,893

69,869

CREDITORS
Amounts falling due after more than one
year

48,855

58,788
NET ASSETS 18,038 11,081

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 17,838 10,881
SHAREHOLDERS' FUNDS 18,038 11,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Power Press Inspection Services Limited (Registered number: 02930391)

Abridged Balance Sheet - continued
30 September 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 Balance Sheet for the year ended 30 September 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 Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:





Mr L D Carter - Director


Power Press Inspection Services Limited (Registered number: 02930391)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Power Press Inspection Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Power Press Inspection Services Limited (Registered number: 02930391)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 242,000
AMORTISATION
At 1 October 2022 171,875
Amortisation for year 12,100
At 30 September 2023 183,975
NET BOOK VALUE

At 30 September 2023 58,025
At 30 September 2022 70,125

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 7,495
DEPRECIATION
At 1 October 2022
and 30 September 2023 7,495
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
NIL Ordinary £1 - 200
100 Ordinary A £1 100 -
100 Ordinary B £1 100 -
200 200

On 24th July 2023, a special resolution was passed to reclassify the shares as noted above.