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REGISTERED NUMBER: 14754226 (England and Wales)













Powell Retail Ltd

Unaudited Financial Statements

for the Period 24 March 2023 to 31 March 2024






Powell Retail Ltd (Registered number: 14754226)






Contents of the Financial Statements
for the period 24 March 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Powell Retail Ltd

Company Information
for the period 24 March 2023 to 31 March 2024







DIRECTORS: N A Powell
Mrs R L Powell





SECRETARY: Mrs R L Powell





REGISTERED OFFICE: 10 High Street
Knutton
Newcastle under Lyme
Staffordshire
ST5 6DN





REGISTERED NUMBER: 14754226 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Powell Retail Ltd (Registered number: 14754226)

Balance Sheet
31 March 2024

Notes £   
CURRENT ASSETS
Stocks 35,642
Debtors 5 3,623
Cash at bank and in hand 29,506
68,771
CREDITORS
Amounts falling due within one year 6 48,731
NET CURRENT ASSETS 20,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,040

CREDITORS
Amounts falling due after more than one
year

7

8,000
NET ASSETS 12,040

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings 11,840
SHAREHOLDERS' FUNDS 12,040

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

Powell Retail Ltd (Registered number: 14754226)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:




N A Powell - Director



Mrs R L Powell - Director


Powell Retail Ltd (Registered number: 14754226)

Notes to the Financial Statements
for the period 24 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Powell Retail Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods provided, excluding value added tax.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 36,443
Taxation and social security 7,448
Other creditors 4,840
48,731

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 8,000