POWERHOUSE EXERGY LIMITED

Company Registration Number:
NI653036 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

POWERHOUSE EXERGY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

POWERHOUSE EXERGY LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 982,710 893,100
Total fixed assets: 982,710 893,100
Current assets
Debtors: 4 914,311 827,381
Cash at bank and in hand: 466,154 301,028
Total current assets: 1,380,465 1,128,409
Creditors: amounts falling due within one year: 5 (506,126) (616,183)
Net current assets (liabilities): 874,339 512,226
Total assets less current liabilities: 1,857,049 1,405,326
Creditors: amounts falling due after more than one year: 6 (1,595,246) (1,294,851)
Total net assets (liabilities): 261,803 110,475
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 261,703 110,375
Shareholders funds: 261,803 110,475

The notes form part of these financial statements

POWERHOUSE EXERGY LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Mike Musil
Status: Director

The notes form part of these financial statements

POWERHOUSE EXERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Revenue is recognised on monthly basis when performance obligation is satisfied by the company providing services to clients as the performance obligation is satisfied over time elapsed. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Plant and machinery - 20% straight line Assets in the course of construction - No depreciation until asset is fully operational The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Other accounting policies

Taxation Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date.

POWERHOUSE EXERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

POWERHOUSE EXERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,119,457
Additions 279,176
At 31 March 2024 1,398,633
Depreciation
At 01 April 2023 226,357
Charge for year 189,566
At 31 March 2024 415,923
Net book value
At 31 March 2024 982,710
At 31 March 2023 893,100

POWERHOUSE EXERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

Trade debtors and prepayments: 914,311 in 2024, 827,381 in 2023

POWERHOUSE EXERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Trade creditors and Amounts owed to group undertakings 506,126 in 2024, 616,183 in 2023

POWERHOUSE EXERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Amounts owed to group undertakings 1,595,246 in 2024, 1,294,851 in 2023