1 June 2023 false No description of principal activity Taxfiler 2024.5 SC734167business:PrivateLimitedCompanyLtd2023-06-012024-01-31 SC7341672023-05-31 SC7341672023-06-012024-01-31 SC734167business:AuditExempt-NoAccountantsReport2023-06-012024-01-31 SC734167business:FilletedAccounts2023-06-012024-01-31 SC7341672024-01-31 SC734167business:Director12023-06-012024-01-31 SC734167business:CompanySecretary12023-06-012024-01-31 SC734167business:RegisteredOffice2023-06-012024-01-31 SC7341672023-05-31 SC734167core:WithinOneYear2024-01-31 SC734167core:WithinOneYear2023-05-31 SC734167core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC734167core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC734167core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC734167core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC734167core:PreviouslyStatedAmount2024-01-31 SC734167core:PreviouslyStatedAmount2023-05-31 SC734167business:SmallEntities2023-06-012024-01-31 SC734167countries:Scotland2023-06-012024-01-31 SC7341672022-05-312023-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC734167 (Scotland)
POWERFLO LTD Unaudited accounts for the period from 1 June 2023 to 31 January 2024
POWERFLO LTD Unaudited accounts Contents
Page
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POWERFLO LTD Company Information for the period from 1 June 2023 to 31 January 2024
Director
Kenneth Campbell
Secretary
Margaret Thorpe
Company Number
SC734167 (Scotland)
Registered Office
27 BRISBANE ROAD LARGS NORTH AYRSHIRE KA30 8LH UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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POWERFLO LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
- 
2,399 
Cash at bank and in hand
5,270 
17,172 
5,270 
19,571 
Creditors: amounts falling due within one year
(1,630)
(5,573)
Net current assets
3,640 
13,998 
Net assets
3,640 
13,998 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,639 
13,997 
Shareholders' funds
3,640 
13,998 
For the period ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2024 and were signed on its behalf by
Kenneth Campbell Director Company Registration No. SC734167
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POWERFLO LTD Notes to the Accounts for the period from 1 June 2023 to 31 January 2024
1
Statutory information
POWERFLO LTD is a private company, limited by shares, registered in Scotland, registration number SC734167. The registered office is 27 BRISBANE ROAD, LARGS, NORTH AYRSHIRE, KA30 8LH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,399 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(705)
4,899 
Other creditors
760 
- 
Loans from directors
850 
243 
Accruals
725 
431 
1,630 
5,573 
6
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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