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REGISTERED NUMBER: 04411129 (England and Wales)















Unaudited Financial Statements

for the Period

1 October 2022 to 31 March 2023

for

Powerpoint Stores Limited

Powerpoint Stores Limited (Registered number: 04411129)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Powerpoint Stores Limited

Company Information
for the Period 1 October 2022 to 31 March 2023







DIRECTORS: Mrs A Broad
S S Broad
Miss N A Broad





SECRETARY:





REGISTERED OFFICE: 22 Market Street
Oakengates
Telford
Shropshire
TF2 6ED





REGISTERED NUMBER: 04411129 (England and Wales)





ACCOUNTANTS: Vaughan Davies Enterprise Ltd
15 St Mary's Street
Newport
Shropshire
TF10 7AF

Powerpoint Stores Limited (Registered number: 04411129)

Balance Sheet
31 March 2023

31.3.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 414,587 416,874
Investments 6 7,042 7,042
421,629 423,916

CURRENT ASSETS
Stocks 65,000 65,000
Debtors 7 434 -
Cash at bank and in hand 8 66,601 109,998
132,035 174,998
CREDITORS
Amounts falling due within one year 9 189,148 197,586
NET CURRENT LIABILITIES (57,113 ) (22,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,516

401,328

CREDITORS
Amounts falling due after more than one
year

10

(22,500

)

(27,500

)

PROVISIONS FOR LIABILITIES - (3,475 )
NET ASSETS 342,016 370,353

CAPITAL AND RESERVES
Called up share capital 5,004 5,004
Retained earnings 337,012 365,349
342,016 370,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

Powerpoint Stores Limited (Registered number: 04411129)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 4 March 2024 and were signed on its behalf by:





Mrs A Broad - Director


Powerpoint Stores Limited (Registered number: 04411129)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2023

1. STATUTORY INFORMATION

Powerpoint Stores 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 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Powerpoint Stores Limited (Registered number: 04411129)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - 9 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 March 2023 50,000
AMORTISATION
At 1 October 2022
and 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 31 March 2023 398,581 76,906 475,487
DEPRECIATION
At 1 October 2022 - 58,613 58,613
Charge for period - 2,287 2,287
At 31 March 2023 - 60,900 60,900
NET BOOK VALUE
At 31 March 2023 398,581 16,006 414,587
At 30 September 2022 398,581 18,293 416,874

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 31 March 2023 7,042
NET BOOK VALUE
At 31 March 2023 7,042
At 30 September 2022 7,042

Powerpoint Stores Limited (Registered number: 04411129)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.9.22
£    £   
Other debtors 434 -

8. CASH AT BANK AND IN HAND
31.3.23 30.9.22
£    £   
Bank account no. 1 66,601 108,871
Cash in hand - 1,127
66,601 109,998

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.9.22
£    £   
Bank loans and overdrafts 2,198 5,420
Trade creditors 110,089 123,145
Taxation and social security 31,265 25,824
Other creditors 45,596 43,197
189,148 197,586

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 30.9.22
£    £   
Other creditors 22,500 27,500