IRIS Accounts Production v24.2.0.383 00546707 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005467072022-12-31005467072023-12-31005467072023-01-012023-12-31005467072021-12-31005467072022-01-012022-12-31005467072022-12-3100546707ns15:EnglandWales2023-01-012023-12-3100546707ns14:PoundSterling2023-01-012023-12-3100546707ns10:Director12023-01-012023-12-3100546707ns10:Director22023-01-012023-12-3100546707ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100546707ns10:SmallEntities2023-01-012023-12-3100546707ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100546707ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100546707ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100546707ns10:FullAccounts2023-01-012023-12-3100546707ns10:OrdinaryShareClass12023-01-012023-12-3100546707ns10:RegisteredOffice2023-01-012023-12-3100546707ns5:CurrentFinancialInstruments2023-12-3100546707ns5:CurrentFinancialInstruments2022-12-3100546707ns5:ShareCapital2023-12-3100546707ns5:ShareCapital2022-12-3100546707ns5:RetainedEarningsAccumulatedLosses2023-12-3100546707ns5:RetainedEarningsAccumulatedLosses2022-12-3100546707ns5:PlantMachinery2022-12-3100546707ns5:PlantMachinery2023-01-012023-12-3100546707ns5:PlantMachinery2023-12-3100546707ns5:CostValuation2022-12-3100546707ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100546707ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100546707ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 00546707 (England and Wales)















POWELL INTERNATIONAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






POWELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 00546707)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


POWELL INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S E F Powell
N M Powell



REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF



REGISTERED NUMBER: 00546707 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



SOLICITORS: Knights PLC
84 Friar Lane
Nottingham
NG1 6ED

POWELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 00546707)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,102 -
Investments 5 101 101
Investment property 6 3,365,000 3,365,000
3,366,203 3,365,101

CURRENT ASSETS
Debtors 7 99,780 80,590
Cash at bank 287,453 303,302
387,233 383,892
CREDITORS
Amounts falling due within one year 8 127,576 133,058
NET CURRENT ASSETS 259,657 250,834
TOTAL ASSETS LESS CURRENT LIABILITIES 3,625,860 3,615,935

PROVISIONS FOR LIABILITIES 97,830 73,435
NET ASSETS 3,528,030 3,542,500

CAPITAL AND RESERVES
Called up share capital 9 59,998 59,998
Retained earnings 3,468,032 3,482,502
SHAREHOLDERS' FUNDS 3,528,030 3,542,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 INTERNATIONAL LIMITED (REGISTERED NUMBER: 00546707)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:




S E F Powell - Director



N M Powell - Director


POWELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 00546707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Powell International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of consideration received for the provision of agency services and the letting of property, net of VAT.

Agency commissions are recognised on completion of the transaction.

Rents receivable from investment properties are recognised over the term of the lease.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Basis of consolidation
The company has not prepared group accounts as it qualifies as a small group and as such has taken advantage of the exemption from preparing group accounts under section 399(1) Companies Act 2006.

POWELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 00546707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,426
Additions 1,647
At 31 December 2023 4,073
DEPRECIATION
At 1 January 2023 2,426
Charge for year 545
At 31 December 2023 2,971
NET BOOK VALUE
At 31 December 2023 1,102

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 12,999
PROVISIONS
At 1 January 2023
and 31 December 2023 12,898
NET BOOK VALUE
At 31 December 2023 101
At 31 December 2022 101

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,365,000
NET BOOK VALUE
At 31 December 2023 3,365,000
At 31 December 2022 3,365,000

POWELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 00546707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2009 (276,169 )
Valuation in 2010 (94,150 )
Valuation in 2011 (165,850 )
Valuation in 2012 (188,011 )
Valuation in 2013 (176,145 )
Valuation in 2014 (50,000 )
Valuation in 2017 390,735
Valuation in 2020 (200,000 )
Valuation in 2022 (500,000 )
Cost 4,624,590
3,365,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,624,590 4,624,590

The investment properties were valued by the director as at 31 December 2023 based on the fair values of recent, comparable property sales in the local area.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 89,707 74,594
Prepayments and accrued income 10,073 5,996
99,780 80,590

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,740 4,583
Corporation tax 60,323 66,264
Other taxes and social security 9,434 11,466
Amounts owed to group undertakings 101 101
Directors' loan accounts - 1,144
Accruals and deferred income 36,978 49,500
127,576 133,058

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
59,998 Ordinary £1 59,998 59,998