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
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
Powell Bespoke Interiors Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
61,984
20,248
Cash at bank and in hand
5,766
792
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)
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
Powell Bespoke Interiors Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 29 February 2024
70,399
3,145
779
74,323
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
At 29 February 2024
60,061
1,573
350
61,984
At 28 February 2023
17,188
2,359
701
20,248
Powell Bespoke Interiors Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
1,320
10,850
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
289
5,815
Other creditors
5,500
6,500
Loans from directors
35,644
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
2,180
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).