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REGISTERED NUMBER: 04894285 (England and Wales)















POWER PROJECT SUPPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWER PROJECT SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M Tweed
Mrs C Tweed





SECRETARY: Mrs C Tweed





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
Staffordshire
ST16 1GZ





REGISTERED NUMBER: 04894285 (England and Wales)

POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 244 327
Tangible assets 5 104,809 23,183
105,053 23,510

CURRENT ASSETS
Debtors 6 331,690 225,420
Cash at bank 548,580 516,629
880,270 742,049
CREDITORS
Amounts falling due within one year 7 (227,849 ) (179,740 )
NET CURRENT ASSETS 652,421 562,309
TOTAL ASSETS LESS CURRENT LIABILITIES 757,474 585,819

PROVISIONS FOR LIABILITIES (26,202 ) (5,796 )
NET ASSETS 731,272 580,023

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 731,172 579,923
SHAREHOLDERS' FUNDS 731,272 580,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

BALANCE SHEET - continued
30 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




M Tweed - Director



Mrs C Tweed - Director


POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Power Project Support 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from electricity commissioning services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the extent to which the contract has been fulfilled.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 825
AMORTISATION
At 1 May 2023 498
Charge for year 83
At 30 April 2024 581
NET BOOK VALUE
At 30 April 2024 244
At 30 April 2023 327

POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 71,569 17,169 36,697 125,435
Additions 429 1,058 86,862 88,349
At 30 April 2024 71,998 18,227 123,559 213,784
DEPRECIATION
At 1 May 2023 58,795 13,298 30,159 102,252
Charge for year 3,226 1,149 2,348 6,723
At 30 April 2024 62,021 14,447 32,507 108,975
NET BOOK VALUE
At 30 April 2024 9,977 3,780 91,052 104,809
At 30 April 2023 12,774 3,871 6,538 23,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 315,134 215,479
Prepayments 16,556 9,941
331,690 225,420

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 84,671 83,614
Corporation tax 90,067 55,437
VAT 44,657 35,775
Other creditors 4,402 1,511
Directors' current accounts 1,636 1,324
Accruals and deferred income 2,416 2,079
227,849 179,740

8. CALLED UP SHARE CAPITAL

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

POWER PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 04894285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £14,693 (2023 £25,065).