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REGISTERED NUMBER: 05960031 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2024

for

POWERDATA TECHNOLOGIES LIMITED

POWERDATA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05960031)






Contents of the Financial Statements
for the year ended 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


POWERDATA TECHNOLOGIES LIMITED

Company Information
for the year ended 31 JANUARY 2024







DIRECTORS: C J Reid
C S Reid





SECRETARY: C S Reid





REGISTERED OFFICE: 5 Mallard Court
Mallard Close
Earls Barton
Northampton
Northamptonshire
NN6 0JF





REGISTERED NUMBER: 05960031 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

POWERDATA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05960031)

Abridged Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 903,446 962,918

CURRENT ASSETS
Stocks 630,473 727,883
Debtors 685,741 813,430
Cash at bank and in hand 699,590 189,023
2,015,804 1,730,336
CREDITORS
Amounts falling due within one year 295,898 348,809
NET CURRENT ASSETS 1,719,906 1,381,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,623,352

2,344,445

CREDITORS
Amounts falling due after more than one
year

-

(116,667

)

PROVISIONS FOR LIABILITIES (59,085 ) (51,829 )
NET ASSETS 2,564,267 2,175,949

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,564,167 2,175,849
SHAREHOLDERS' FUNDS 2,564,267 2,175,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

POWERDATA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05960031)

Abridged Balance Sheet - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




C J Reid - Director



C S Reid - Director


POWERDATA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05960031)

Notes to the Financial Statements
for the year ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Powerdata Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate

POWERDATA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05960031)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

3. EMPLOYEES

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 1,288,802
Additions 691
At 31 January 2024 1,289,493
DEPRECIATION
At 1 February 2023 325,884
Charge for year 60,163
At 31 January 2024 386,047
NET BOOK VALUE
At 31 January 2024 903,446
At 31 January 2023 962,918

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023
and 31 January 2024 10,500
DEPRECIATION
At 1 February 2023 5,332
Charge for year 1,292
At 31 January 2024 6,624
NET BOOK VALUE
At 31 January 2024 3,876
At 31 January 2023 5,168

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 1,579

6. SECURED DEBTS

Lloyds Bank Plc (charge code 0596 0031 0004) holds a charge dated 15 January 2018, in regards to Unit 11 and land adjoining Unit 5 Mallard Close, Earls Barton.

Lloyds Bank Plc (charge code 0596 0031 0003) holds a charge dated 27th February 2017, in regards to 2 Mallard Close, Earls Barton.

Lloyds Bank Plc (charge code 0596 0031 0002) holds a charge dated 18th September 2013, in regards to F/H units 4 & 5 Mallard Close, Earls Barton.

Lloyds Bank Plc (charge code 0596 0031 0001) holds a charge dated 29th July 2013.

POWERDATA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05960031)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100