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REGISTERED NUMBER: 04339746 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

J Powney Services Ltd

J Powney Services Ltd (Registered number: 04339746)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


J Powney Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D L Powney
A S Powney
G J Powney
J Powney





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 04339746 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J Powney Services Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J Powney Services Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J Powney Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J Powney Services Ltd and state those matters that we have agreed to state to the Board of Directors of J Powney Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Powney Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J Powney Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Powney Services Ltd. You consider that J Powney Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J Powney Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


9 October 2024

J Powney Services Ltd (Registered number: 04339746)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 608,958 579,460
Investments 5 68,949 68,949
677,907 648,409

CURRENT ASSETS
Debtors 6 551,213 472,111
Cash at bank and in hand 657,327 714,650
1,208,540 1,186,761
CREDITORS
Amounts falling due within one year 7 374,567 387,066
NET CURRENT ASSETS 833,973 799,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,511,880

1,448,104

PROVISIONS FOR LIABILITIES 41,834 31,773
NET ASSETS 1,470,046 1,416,331

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,469,046 1,415,331
SHAREHOLDERS' FUNDS 1,470,046 1,416,331

J Powney Services Ltd (Registered number: 04339746)

Balance Sheet - continued
31 March 2024


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 9 October 2024 and were signed on its behalf by:





D L Powney - Director


J Powney Services Ltd (Registered number: 04339746)

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


1. STATUTORY INFORMATION

J Powney Services Ltd 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 represents net invoiced sales of goods and services excluding value added tax. Turnover is recognised when the goods are physically delivered to the customer except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

J Powney Services Ltd (Registered number: 04339746)

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.

Investments
The investments held on the balance sheet are in a film partnership. The investments are valued at cost, after taking into consideration permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 411,665 125,573 141,559
Additions - - 37,036
Disposals - - -
At 31 March 2024 411,665 125,573 178,595
DEPRECIATION
At 1 April 2023 65,864 19,006 95,238
Charge for year 8,233 2,511 21,520
Eliminated on disposal - - -
At 31 March 2024 74,097 21,517 116,758
NET BOOK VALUE
At 31 March 2024 337,568 104,056 61,837
At 31 March 2023 345,801 106,567 46,321

J Powney Services Ltd (Registered number: 04339746)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,189 334,041 22,697 1,043,724
Additions 4,444 63,140 1,536 106,156
Disposals - (21,743 ) - (21,743 )
At 31 March 2024 12,633 375,438 24,233 1,128,137
DEPRECIATION
At 1 April 2023 7,934 257,627 18,595 464,264
Charge for year 1,070 41,672 1,652 76,658
Eliminated on disposal - (21,743 ) - (21,743 )
At 31 March 2024 9,004 277,556 20,247 519,179
NET BOOK VALUE
At 31 March 2024 3,629 97,882 3,986 608,958
At 31 March 2023 255 76,414 4,102 579,460

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Other 68,949 68,949

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 533,980 454,987
Other debtors 17,233 17,124
551,213 472,111

J Powney Services Ltd (Registered number: 04339746)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 132,744 161,914
Taxation and social security 159,814 135,319
Other creditors 82,009 89,833
374,567 387,066

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 13,479 13,479

By way of debenture deed, fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, bookdebts and tangible fixed assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
850 Ordinary A £1 850 850
100 Ordinary B £1 100 150
50 Ordinary C £1 50 -
1,000 1,000

During the year 50 £1 Ordinary B shares were reclassified to 50 £1 Ordinary C shares.