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REGISTERED NUMBER: 04411129 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Powerpoint Stores Limited

Powerpoint Stores Limited (Registered number: 04411129)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Powerpoint Stores Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A Broad
S S Broad
Miss N A Broad





SECRETARY:





REGISTERED OFFICE: 22 Market Street
Oakengates
Telford
Shropshire
TF2 6ED





REGISTERED NUMBER: 04411129 (England and Wales)





ACCOUNTANTS: Vaughan Davies Enterprise Ltd
15 St Mary's Street
Newport
Shropshire
TF10 7AF

Powerpoint Stores Limited (Registered number: 04411129)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 445,484 414,587
Investments 6 7,042 7,042
452,526 421,629

CURRENT ASSETS
Stocks 51,200 65,000
Debtors 7 - 434
Cash at bank 8 87,976 66,601
139,176 132,035
CREDITORS
Amounts falling due within one year 9 263,848 189,148
NET CURRENT LIABILITIES (124,672 ) (57,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,854

364,516

CREDITORS
Amounts falling due after more than one
year

10

(35,827

)

(22,500

)

PROVISIONS FOR LIABILITIES (8,911 ) -
NET ASSETS 283,116 342,016

CAPITAL AND RESERVES
Called up share capital 5,004 5,004
Retained earnings 278,112 337,012
283,116 342,016

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.

Powerpoint Stores Limited (Registered number: 04411129)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





Mrs A Broad - Director


Powerpoint Stores Limited (Registered number: 04411129)

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

1. STATUTORY INFORMATION

Powerpoint Stores 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Powerpoint Stores Limited (Registered number: 04411129)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 398,581 76,906 475,487
Additions - 35,724 35,724
At 31 March 2024 398,581 112,630 511,211
DEPRECIATION
At 1 April 2023 - 60,900 60,900
Charge for year - 4,827 4,827
At 31 March 2024 - 65,727 65,727
NET BOOK VALUE
At 31 March 2024 398,581 46,903 445,484
At 31 March 2023 398,581 16,006 414,587

Powerpoint Stores Limited (Registered number: 04411129)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 7,042
NET BOOK VALUE
At 31 March 2024 7,042
At 31 March 2023 7,042

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 434

8. CASH AT BANK
31.3.24 31.3.23
£    £   
Bank account no. 1 72,899 66,601
Bank account no. 2 15,077 -
87,976 66,601

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 2,198
Hire purchase contracts 11,668 -
Trade creditors 173,019 110,089
Taxation and social security 12,982 31,265
Other creditors 66,179 45,596
263,848 189,148

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 23,327 -
Other creditors 12,500 22,500
35,827 22,500