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REGISTERED NUMBER: 13931912 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Powerwild Limited

Powerwild Limited (Registered number: 13931912)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Powerwild Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K M Jones
D G Jones





REGISTERED OFFICE: 9 Sandiway Park
Hartford
Cheshire
CW8 2AS





REGISTERED NUMBER: 13931912 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

Powerwild Limited (Registered number: 13931912)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 14,884 6,297
Cash at bank 78,442 77,823
93,326 84,120
CREDITORS
Amounts falling due within one year 5 82,903 83,889
NET CURRENT ASSETS 10,423 231
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,423

231

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,421 229
10,423 231

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

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

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 18 September 2024 and were signed on its behalf by:




K M Jones - Director



D G Jones - Director


Powerwild Limited (Registered number: 13931912)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Powerwild 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.

Turnover
Turnover represents net sales of services, excluding value added tax ,and is measured at the fair value of the consideration received or receivable. Income is recognised at the time of supply of services.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 14,884 5,750
Directors' current accounts - 547
14,884 6,297

Powerwild Limited (Registered number: 13931912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 74,075 73,842
Credit card 1,481 1,875
Tax 5,145 6,282
Directors' current accounts 312 -
Accrued expenses 1,890 1,890
82,903 83,889

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
K M Jones and D G Jones
Balance outstanding at start of year 547 -
Amounts advanced 35,940 27,482
Amounts repaid (36,799 ) (26,935 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) 547