Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01No description of principal activity11falsetruefalse 13577377 2023-04-01 2024-03-31 13577377 2022-04-01 2023-03-31 13577377 2024-03-31 13577377 2023-03-31 13577377 c:Director1 2023-04-01 2024-03-31 13577377 c:RegisteredOffice 2023-04-01 2024-03-31 13577377 d:FurnitureFittings 2023-04-01 2024-03-31 13577377 d:FurnitureFittings 2024-03-31 13577377 d:FurnitureFittings 2023-03-31 13577377 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13577377 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 13577377 d:FreeholdInvestmentProperty 2024-03-31 13577377 d:FreeholdInvestmentProperty 2023-03-31 13577377 d:CurrentFinancialInstruments 2024-03-31 13577377 d:CurrentFinancialInstruments 2023-03-31 13577377 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13577377 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13577377 d:ShareCapital 2024-03-31 13577377 d:ShareCapital 2023-03-31 13577377 d:RetainedEarningsAccumulatedLosses 2024-03-31 13577377 d:RetainedEarningsAccumulatedLosses 2023-03-31 13577377 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13577377 c:OrdinaryShareClass1 2024-03-31 13577377 c:OrdinaryShareClass1 2023-03-31 13577377 c:FRS102 2023-04-01 2024-03-31 13577377 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13577377 c:FullAccounts 2023-04-01 2024-03-31 13577377 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13577377 4 2023-04-01 2024-03-31 13577377 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13577377










POWER DROID LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
POWER DROID LIMITED
 

COMPANY INFORMATION


Director
M E Adams 




Registered number
13577377



Registered office
Trafalgar House
110 Manchester Road

Altrincham

England

WA14 1NU




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
POWER DROID LIMITED
REGISTERED NUMBER: 13577377

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,806
2,708

Investment property
 5 
764,872
765,412

  
766,678
768,120

Current assets
  

Debtors: amounts falling due within one year
 6 
-
4,153

Cash at bank and in hand
  
3,245
3,098

  
3,245
7,251

Creditors: amounts falling due within one year
 7 
(587,275)
(620,320)

Net current liabilities
  
 
 
(584,030)
 
 
(613,069)

Total assets less current liabilities
  
182,648
155,051

  

Net assets
  
182,648
155,051


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
181,648
154,051

  
182,648
155,051


Page 1

 
POWER DROID LIMITED
REGISTERED NUMBER: 13577377

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2024.




M E Adams
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
POWER DROID LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Power Droid Limited is a private company, limited by shares, domiciled in England with the registration number 13577377. The registered office is Trafalgar House, 110 Manchester Road, Altrincham, England, WA14 1NU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 
POWER DROID LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
POWER DROID LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
4,512



At 31 March 2024

4,512



Depreciation


At 1 April 2023
1,804


Charge for the year on owned assets
902



At 31 March 2024

2,706



Net book value



At 31 March 2024
1,806



At 31 March 2023
2,708


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
765,412


Disposals
(540)



At 31 March 2024
764,872

The 2024 valuations were made by the director, on an open market value for existing use basis.







6.


Debtors

2024
2023
£
£


Other debtors
-
4,153

-
4,153


Page 5

 
POWER DROID LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
6,685
2,911

Other creditors
578,610
613,661

Accruals and deferred income
1,980
3,748

587,275
620,320



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 6