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Registered number: 13074555
Powerplus Electrical Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sally- Anne Ltd
35 Badsey Lane
Evesham
Worcs
WR11 3EX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13074555
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,130 10,384
9,130 10,384
CURRENT ASSETS
Debtors 5 20,292 11,502
Cash at bank and in hand 41,724 39,237
62,016 50,739
Creditors: Amounts Falling Due Within One Year 6 (13,004 ) (15,126 )
NET CURRENT ASSETS (LIABILITIES) 49,012 35,613
TOTAL ASSETS LESS CURRENT LIABILITIES 58,142 45,997
NET ASSETS 58,142 45,997
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves (34,000 ) (14,000 )
Profit and Loss Account 92,042 59,897
SHAREHOLDERS' FUNDS 58,142 45,997
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr SAMUEL KILMISTER
Director
07/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Powerplus Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13074555 . The registered office is 35 Badsey Lane, , Evesham , Worcs, WR11 3EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15
Motor Vehicles 15
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 1,262 12,624 13,886
Additions 356 - 356
As at 31 March 2024 1,618 12,624 14,242
Depreciation
As at 1 April 2023 321 3,181 3,502
Provided during the period 194 1,416 1,610
As at 31 March 2024 515 4,597 5,112
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 1,103 8,027 9,130
As at 1 April 2023 941 9,443 10,384
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,151 3,154
Cis debtors 4,099 4,844
Other taxes and social security 6,042 3,504
20,292 11,502
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72 2,599
Corporation tax 7,922 8,152
VAT 2,779 1,899
Director's loan account 2,231 2,476
13,004 15,126
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4