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REGISTERED NUMBER: 09561488 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 September 2023

for

Powersure Global Ltd

Powersure Global Ltd (Registered number: 09561488)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Powersure Global Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D S Kent
Ms A Kent





REGISTERED OFFICE: The Rosary
Warren Street Road
Charing
Kent
TN27 0HJ





REGISTERED NUMBER: 09561488 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Powersure Global Ltd (Registered number: 09561488)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,123 11,533

CURRENT ASSETS
Debtors 5 38,095 79,166
Cash at bank 11,440 19,837
49,535 99,003
CREDITORS
Amounts falling due within one year 6 13,467 33,588
NET CURRENT ASSETS 36,068 65,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,191

76,948

CREDITORS
Amounts falling due after more than one
year

7

(31,482

)

(37,037

)

PROVISIONS FOR LIABILITIES (2,164 ) (2,191 )
NET ASSETS 14,545 37,720

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 14,045 37,220
14,545 37,720

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.

Powersure Global Ltd (Registered number: 09561488)

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.

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 17 January 2024 and were signed on its behalf by:





D S Kent - Director


Powersure Global Ltd (Registered number: 09561488)

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

1. STATUTORY INFORMATION

Powersure Global Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Powersure Global Ltd (Registered number: 09561488)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 20,645
Additions 6,366
Disposals (458 )
At 30 September 2023 26,553
DEPRECIATION
At 1 October 2022 9,112
Charge for year 5,684
Eliminated on disposal (366 )
At 30 September 2023 14,430
NET BOOK VALUE
At 30 September 2023 12,123
At 30 September 2022 11,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 38,095 77,590
Other debtors - 1,576
38,095 79,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 517 -
Taxation and social security 6,429 25,222
Other creditors 965 2,810
13,467 33,588

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 31,482 37,037

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,370 9,259

Powersure Global Ltd (Registered number: 09561488)

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

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,750 (2022 : £76,850) were paid to the director.

9. GOING CONCERN

The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.