1 March 2023 false No description of principal activity Taxfiler 2024.1 04382206business:PrivateLimitedCompanyLtd2023-03-012024-02-29 043822062023-02-28 043822062023-03-012024-02-29 04382206business:AuditExemptWithAccountantsReport2023-03-012024-02-29 04382206business:FilletedAccounts2023-03-012024-02-29 043822062024-02-29 04382206business:Director12023-03-012024-02-29 04382206business:RegisteredOffice2023-03-012024-02-29 043822062023-02-28 04382206core:WithinOneYear2024-02-29 04382206core:WithinOneYear2023-02-28 04382206core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 04382206core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 04382206core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 04382206core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 04382206core:PreviouslyStatedAmount2024-02-29 04382206core:PreviouslyStatedAmount2023-02-28 04382206business:SmallEntities2023-03-012024-02-29 04382206countries:EnglandWales2023-03-012024-02-29 04382206core:PlantMachinery2023-03-012024-02-29 04382206core:ComputerEquipment2023-03-012024-02-29 04382206core:PlantMachinery2023-02-28 04382206core:ComputerEquipment2023-02-28 04382206core:PlantMachinery2024-02-29 04382206core:ComputerEquipment2024-02-29 04382206business:OrdinaryShareClass12023-03-012024-02-29 04382206business:OrdinaryShareClass12022-03-012023-02-28 043822062022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04382206 (England and Wales)
Npowered Limited Unaudited accounts for the year ended 29 February 2024
Npowered Limited Unaudited accounts Contents
Page
- 2 -
Npowered Limited Company Information for the year ended 29 February 2024
Director
Professor Robert Lewin
Company Number
04382206 (England and Wales)
Registered Office
21 ROPERY WALK POCKLINGTON YORK YO42 2BF ENGLAND
Accountants
Monroe Accountants Ltd 21 Ropery Walk Pocklington York YO42 2BF
- 3 -
Npowered Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,841 
2,684 
Current assets
Inventories
1,583 
6,801 
Debtors
2,719 
961 
Cash at bank and in hand
13,751 
6,706 
18,053 
14,468 
Creditors: amounts falling due within one year
(1,027)
(1,065)
Net current assets
17,026 
13,403 
Total assets less current liabilities
21,867 
16,087 
Provisions for liabilities
Deferred tax
(921)
(511)
Net assets
20,946 
15,576 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
19,946 
14,576 
Shareholders' funds
20,946 
15,576 
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 director acknowledges his 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 and authorised for issue on 3 April 2024 and were signed on its behalf by
Professor Robert Lewin Director Company Registration No. 04382206
- 4 -
Npowered Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Npowered Limited is a private company, limited by shares, registered in England and Wales, registration number 04382206. The registered office is 21 ROPERY WALK, POCKLINGTON, YORK, YO42 2BF, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash & Cash Equivalents
Cash & Cash Equivalents are basic financial assets and include cash in hand, deposits held at call with banks other short term investments with original maturities of 3 months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
- 5 -
Npowered Limited Notes to the Accounts for the year ended 29 February 2024
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit & loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
21,234 
6,546 
27,780 
Additions
5,123 
- 
5,123 
Disposals
(624)
(2,357)
(2,981)
At 29 February 2024
25,733 
4,189 
29,922 
Depreciation
At 1 March 2023
19,731 
5,365 
25,096 
Charge for the year
1,844 
900 
2,744 
On disposals
(402)
(2,357)
(2,759)
At 29 February 2024
21,173 
3,908 
25,081 
Net book value
At 29 February 2024
4,560 
281 
4,841 
At 28 February 2023
1,503 
1,181 
2,684 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
731 
146 
Trade debtors
1,976 
445 
Accrued income and prepayments
12 
370 
2,719 
961 
- 6 -
Npowered Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
72 
69 
Taxes and social security
849 
956 
Loans from directors
56 
- 
Accruals
50 
40 
1,027 
1,065 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -