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Company Registration No. 09404540 (England and Wales)
POWER POLES LIMITED Unaudited accounts for the year ended 31 December 2023
POWER POLES LIMITED Unaudited accounts Contents
Page
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POWER POLES LIMITED Company Information for the year ended 31 December 2023
Directors
A D Morgan W Clason D J Clason T Karlsson E Karlsson-Mattsson
Company Number
09404540 (England and Wales)
Registered Office
44 THE NURSERIES LANGSTONE NEWPORT GWENT NP18 2NT WALES
Accountants
Munn Accounting Ltd 64 Coed Meiri Tyla Garw Pontyclun RCT CF72 9UW
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POWER POLES LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
348,613 
327,968 
Current assets
Inventories
2,854,579 
2,362,405 
Debtors
718,183 
570,007 
Cash at bank and in hand
695,291 
839,286 
4,268,053 
3,771,698 
Creditors: amounts falling due within one year
(3,322,589)
(3,041,986)
Net current assets
945,464 
729,712 
Total assets less current liabilities
1,294,077 
1,057,680 
Creditors: amounts falling due after more than one year
(178,409)
(163,403)
Provisions for liabilities
Deferred tax
(80,895)
(50,836)
Other provisions
(55,855)
(43,855)
(136,750)
(94,691)
Net assets
978,918 
799,586 
Capital and reserves
Called up share capital
30,000 
30,000 
Profit and loss account
948,918 
769,586 
Shareholders' funds
978,918 
799,586 
For the year ending 31 December 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 24 April 2024 and were signed on its behalf by
W Clason Director Company Registration No. 09404540
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POWER POLES LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
POWER POLES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09404540. The registered office is 44 THE NURSERIES, LANGSTONE, NEWPORT, GWENT, NP18 2NT, WALES.
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.
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
At Variable Rates On Straight Line Basis
Motor vehicles
At 25% Straight Line Basis
Computer equipment
At 50% Straight Line Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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POWER POLES LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
622,653 
Additions
240,066 
Disposals
(252,731)
At 31 December 2023
609,988 
Depreciation
At 1 January 2023
294,685 
Charge for the year
136,668 
On disposals
(169,978)
At 31 December 2023
261,375 
Net book value
At 31 December 2023
348,613 
At 31 December 2022
327,968 
5
Transactions with related parties
The company made materials purchases of £6,153,083 from, and sales of £488,657 to, an owner with a participating Interest
6
Average number of employees
During the year the average number of employees was 8 (2022: 7).
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