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Company Registration No. 13930922 (England and Wales)
Powell Bespoke Interiors Ltd Unaudited accounts for the year ended 29 February 2024
Powell Bespoke Interiors Ltd Unaudited accounts Contents
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Powell Bespoke Interiors Ltd Company Information for the year ended 29 February 2024
Directors
Rick James Powell Carly Anna Isobel Powell
Company Number
13930922 (England and Wales)
Registered Office
Kimberley Saleyard Gilwern Monmouthshire NP7 0HD
Accountants
XAU Accountancy 41 Brynglas Hollybush Cwmbran Torfaen NP44 7LH
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Powell Bespoke Interiors Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,984 
20,248 
Current assets
Debtors
1,320 
10,850 
Cash at bank and in hand
5,766 
792 
7,086 
11,642 
Creditors: amounts falling due within one year
(42,636)
(12,315)
Net current liabilities
(35,550)
(673)
Total assets less current liabilities
26,434 
19,575 
Creditors: amounts falling due after more than one year
(19,522)
(2,180)
Net assets
6,912 
17,395 
Capital and reserves
Profit and loss account
6,912 
17,395 
Shareholders' funds
6,912 
17,395 
For the year ending 29 February 2024 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 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 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 of Directors and authorised for issue on 3 March 2024 and were signed on its behalf by
Rick James Powell Director Company Registration No. 13930922
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Powell Bespoke Interiors Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Powell Bespoke Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 13930922. The registered office is Kimberley, Saleyard, Gilwern, Monmouthshire, NP7 0HD.
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% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
19,664 
3,145 
935 
23,744 
Additions
50,735 
- 
- 
50,735 
Disposals
- 
- 
(156)
(156)
At 29 February 2024
70,399 
3,145 
779 
74,323 
Depreciation
At 1 March 2023
2,476 
786 
234 
3,496 
Charge for the year
7,862 
786 
195 
8,843 
At 29 February 2024
10,338 
1,572 
429 
12,339 
Net book value
At 29 February 2024
60,061 
1,573 
350 
61,984 
At 28 February 2023
17,188 
2,359 
701 
20,248 
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Powell Bespoke Interiors Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,320 
10,850 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,203 
- 
Taxes and social security
289 
5,815 
Other creditors
5,500 
6,500 
Loans from directors
35,644 
- 
42,636 
12,315 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
- 
2,180 
Deferred income
19,522 
- 
19,522 
2,180 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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