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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
Page
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Power Corrosion (Consultants) Limited Company Information for the year ended 30 April 2024
Director
W Moore
Secretary
I Moore
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
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Power Corrosion (Consultants) Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
367 
Current assets
Debtors
27,000 
13,053 
Cash at bank and in hand
93,016 
102,173 
120,016 
115,226 
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
Deferred tax
- 
(70)
Net assets
74,719 
79,372 
Capital and reserves
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
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Power Corrosion (Consultants) Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
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 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 
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 
Depreciation
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 
Net book value
At 30 April 2024
- 
- 
- 
At 30 April 2023
175 
192 
367 
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Power Corrosion (Consultants) Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
53 
Trade debtors
14,000 
- 
Other debtors
13,000 
13,000 
27,000 
13,053 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
940 
- 
Taxes and social security
3,436 
3,188 
Other creditors
35,441 
28,267 
Loans from directors
4,730 
4,296 
Accruals
750 
400 
45,297 
36,151 
7
Share capital
2024 
2023 
£ 
£ 
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 
102 
102 
8
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.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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