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
POWERFLO LTD
Company Information
for the period from 1 June 2023 to 31 January 2024
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
POWERFLO LTD
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
5,270
17,172
Creditors: amounts falling due within one year
(1,630)
(5,573)
Net current assets
3,640
13,998
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
POWERFLO LTD
Notes to the Accounts
for the period from 1 June 2023 to 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(705)
4,899
Loans from directors
850
243
6
Average number of employees
During the period the average number of employees was 2 (2023: 2).