Powderworks Ltd 13013801 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is painting, treatment and coating of metals. Digita Accounts Production Advanced 6.30.9574.0 true 13013801 2023-01-01 2023-12-31 13013801 2023-12-31 13013801 core:CurrentFinancialInstruments 2023-12-31 13013801 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13013801 bus:SmallEntities 2023-01-01 2023-12-31 13013801 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13013801 bus:FullAccounts 2023-01-01 2023-12-31 13013801 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13013801 bus:RegisteredOffice 2023-01-01 2023-12-31 13013801 bus:Director2 2023-01-01 2023-12-31 13013801 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13013801 core:OtherRelatedParties 2023-01-01 2023-12-31 13013801 countries:EnglandWales 2023-01-01 2023-12-31 13013801 2022-01-01 2022-12-31 13013801 2022-12-31 13013801 core:CurrentFinancialInstruments 2022-12-31 13013801 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 13013801

Powderworks Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Powderworks Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Powderworks Ltd

(Registration number: 13013801)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

197,659

78,242

Cash at bank and in hand

 

839

13,078

 

198,498

91,320

Creditors: Amounts falling due within one year

5

(96,407)

(13,425)

Net assets

 

102,091

77,895

Capital and reserves

 

Called up share capital

2

2

Retained earnings

102,089

77,893

Shareholders' funds

 

102,091

77,895

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mr E A Butterfield
Director

 

Powderworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
174 Sunbridge Road
Bradford
West Yorkshire
BD1 2RZ

These financial statements were authorised for issue by the Board on 16 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Debtors

Note

2023
£

2022
£

Trade debtors

 

23,240

5,342

Amounts owed by related parties

6

174,416

72,032

Other debtors

 

3

868

 

197,659

78,242

 

Powderworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

96,407

13,423

Other creditors

-

2

96,407

13,425

6

Related party transactions

Butterfield Signs Limited

(A company under common control)
 During the year the company made sales of £420,000 (2022: £360,000) to, and purchases of £387,000 (2022: £378,000) from, Butterfield Signs Limited. In addition the company was charged management fees of £32,000 (2022: £28,000) by Butterfield Signs Limited. At the balance sheet date the amount due from Butterfield Signs Limited was £174,416 (2022: £72,032).
 

7

Control

The ultimate controlling party is Mr E A Butterfield.