Company Registration No. 2701837 (England and Wales)
Power Corrosion (Consultants) Limited
Unaudited accounts
for the year ended 30 April 2024
Power Corrosion (Consultants) Limited
Unaudited accounts
Contents
Power Corrosion (Consultants) Limited
Company Information
for the year ended 30 April 2024
Company Number
2701837 (England and Wales)
Registered Office
175 Nottingham Road
Ashby de la Zouch
Leicestershire
LE65 1DP
Accountants
Shelton Accountancy Services
51 Beaumont Avenue
Ashby de la Zouch
Leicestershire
LE65 2NF
Power Corrosion (Consultants) Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
93,016
102,173
Creditors: amounts falling due within one year
(45,297)
(36,151)
Net current assets
74,719
79,075
Total assets less current liabilities
74,719
79,442
Provisions for liabilities
Called up share capital
102
102
Profit and loss account
74,617
79,270
Shareholders' funds
74,719
79,372
For the year ending 30 April 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 26 July 2024 and were signed on its behalf by
W Moore
Director
Company Registration No. 2701837
Power Corrosion (Consultants) Limited
Notes to the Accounts
for the year ended 30 April 2024
Power Corrosion (Consultants) Limited is a private company, limited by shares, registered in England and Wales, registration number 2701837. The registered office is 175 Nottingham Road, Ashby de la Zouch, Leicestershire, LE65 1DP.
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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.
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
10% reducing balance
Fixtures & fittings
25% reducing balance
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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
2,269
18,160
20,429
At 30 April 2024
2,269
18,160
20,429
At 1 May 2023
2,094
17,968
20,062
Charge for the year
175
192
367
At 30 April 2024
2,269
18,160
20,429
At 30 April 2023
175
192
367
Power Corrosion (Consultants) Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Other debtors
13,000
13,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,436
3,188
Other creditors
35,441
28,267
Loans from directors
4,730
4,296
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
1 Ordinary B shares of £1 each
1
1
1 Ordinary C shares of £1 each
1
1
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Transactions with related parties
At the year end the company owed its director, Mr W Moore, £4,730 (2023 - £4,296) and his wife, Mrs I Moore £15,834 (2023 - £15,834). These amounts are interest free and repayable of demand.
At the year end the company was owed £13,000 (2023 - £13,000) by BKI Lets Limited, a company in which Mr W Moore is also a director.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).