IRIS Accounts Production v24.1.9.2 02872973 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028729732023-04-30028729732024-04-30028729732023-05-012024-04-30028729732022-04-30028729732022-05-012023-04-30028729732023-04-3002872973ns15:EnglandWales2023-05-012024-04-3002872973ns14:PoundSterling2023-05-012024-04-3002872973ns10:Director12023-05-012024-04-3002872973ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002872973ns10:SmallEntities2023-05-012024-04-3002872973ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002872973ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002872973ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002872973ns10:FullAccounts2023-05-012024-04-3002872973ns10:CompanySecretary12023-05-012024-04-3002872973ns10:RegisteredOffice2023-05-012024-04-3002872973ns5:CurrentFinancialInstruments2024-04-3002872973ns5:CurrentFinancialInstruments2023-04-3002872973ns5:Non-currentFinancialInstruments2024-04-3002872973ns5:Non-currentFinancialInstruments2023-04-3002872973ns5:ShareCapital2024-04-3002872973ns5:ShareCapital2023-04-3002872973ns5:RevaluationReserve2024-04-3002872973ns5:RevaluationReserve2023-04-3002872973ns5:CapitalRedemptionReserve2024-04-3002872973ns5:CapitalRedemptionReserve2023-04-3002872973ns5:RetainedEarningsAccumulatedLosses2024-04-3002872973ns5:RetainedEarningsAccumulatedLosses2023-04-3002872973ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3002872973ns5:PlantMachinery2023-05-012024-04-3002872973ns5:FurnitureFittings2023-05-012024-04-3002872973ns5:MotorVehicles2023-05-012024-04-3002872973ns5:ComputerEquipment2023-05-012024-04-3002872973ns5:LandBuildings2023-04-3002872973ns5:LeaseholdImprovements2023-04-3002872973ns5:PlantMachinery2023-04-3002872973ns5:LandBuildings2023-05-012024-04-3002872973ns5:LeaseholdImprovements2023-05-012024-04-3002872973ns5:LandBuildings2024-04-3002872973ns5:LeaseholdImprovements2024-04-3002872973ns5:PlantMachinery2024-04-3002872973ns5:LandBuildings2023-04-3002872973ns5:LeaseholdImprovements2023-04-3002872973ns5:PlantMachinery2023-04-3002872973ns5:FurnitureFittings2023-04-3002872973ns5:MotorVehicles2023-04-3002872973ns5:ComputerEquipment2023-04-3002872973ns5:FurnitureFittings2024-04-3002872973ns5:MotorVehicles2024-04-3002872973ns5:ComputerEquipment2024-04-3002872973ns5:FurnitureFittings2023-04-3002872973ns5:MotorVehicles2023-04-3002872973ns5:ComputerEquipment2023-04-3002872973ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3002872973ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3002872973ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-04-3002872973ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-04-3002872973ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3002872973ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3002872973ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3002872973ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3002872973ns5:Secured2024-04-3002872973ns5:Secured2023-04-3002872973ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 02872973 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 30 April 2024

for

POWERPOINT NORTHERN LIMITED

POWERPOINT NORTHERN LIMITED (REGISTERED NUMBER: 02872973)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWERPOINT NORTHERN LIMITED

Company Information
for the year ended 30 April 2024







DIRECTOR: A Cook





SECRETARY: A Cook





REGISTERED OFFICE: Thirsk Industrial Park
York Road
Thirsk
North Yorkshire
YO7 3BX





REGISTERED NUMBER: 02872973 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

POWERPOINT NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,074,797 2,044,948

CURRENT ASSETS
Stocks 655,858 746,661
Debtors 5 242,102 289,534
Cash at bank and in hand 128,036 123,598
1,025,996 1,159,793
CREDITORS
Amounts falling due within one year 6 268,521 346,380
NET CURRENT ASSETS 757,475 813,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,832,272

2,858,361

CREDITORS
Amounts falling due after more than one year 7 (272,005 ) (311,360 )

PROVISIONS FOR LIABILITIES (167,793 ) (168,386 )
NET ASSETS 2,392,474 2,378,615

CAPITAL AND RESERVES
Called up share capital 60 60
Revaluation reserve 9 268,917 268,917
Capital redemption reserve 40 40
Retained earnings 2,123,457 2,109,598
SHAREHOLDERS' FUNDS 2,392,474 2,378,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Balance Sheet - continued
30 April 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 director and authorised for issue on 31 July 2024 and were signed by:





A Cook - Director


POWERPOINT NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Powerpoint Northern 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - Nil
Fixtures & Fittings - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Hire stock - 20% on reducing balance

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

Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

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 NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

Income from operating leases
Rentals received under operating leases are credited to the profit and loss account as obtained and are included in Turnover.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Fixtures
property property & Fittings
£    £    £   
COST OR VALUATION
At 1 May 2023 1,725,000 - 196,576
Additions - 65,000 -
Disposals - - -
At 30 April 2024 1,725,000 65,000 196,576
DEPRECIATION
At 1 May 2023 - - 181,147
Charge for year - 1,293 2,315
Eliminated on disposal - - -
At 30 April 2024 - 1,293 183,462
NET BOOK VALUE
At 30 April 2024 1,725,000 63,707 13,114
At 30 April 2023 1,725,000 - 15,429

POWERPOINT NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Office Motor Hire
equipment vehicles stock Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 50,764 17,242 1,096,947 3,086,529
Additions - - 41,320 106,320
Disposals - - (46,899 ) (46,899 )
At 30 April 2024 50,764 17,242 1,091,368 3,145,950
DEPRECIATION
At 1 May 2023 44,249 5,047 811,138 1,041,581
Charge for year 974 3,049 59,597 67,228
Eliminated on disposal - - (37,656 ) (37,656 )
At 30 April 2024 45,223 8,096 833,079 1,071,153
NET BOOK VALUE
At 30 April 2024 5,541 9,146 258,289 2,074,797
At 30 April 2023 6,515 12,195 285,809 2,044,948

Cost or valuation at 30 April 2024 is represented by:

Improvements
Freehold to Fixtures
property property & Fittings
£    £    £   

Valuation in 2021 358,218 - -
Cost 1,366,782 65,000 196,576
1,725,000 65,000 196,576

Office Motor Hire
equipment vehicles stock Totals
£    £    £    £   
Valuation in 1998 - - 42,879 42,879
Valuation in 2021 - - - 358,218
Cost 50,764 17,242 1,048,489 2,744,853
50,764 17,242 1,091,368 3,145,950

POWERPOINT NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold buildings had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 1,366,782 1,366,782

Freehold buildings were valued on an open market basis on 1 November 2021 by McBeath Property Consultancy Ltd .

The assets previously revalued have continued to be included at the valuation attributed to them on 30 April 1998. The transitional provisions of FRS 15 are being followed and the valuation has not been updated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 186,806 239,619
Prepayments 55,296 49,915
242,102 289,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 52,500 52,500
Trade creditors 169,387 230,217
Tax 3,910 23,720
Social security and other taxes 6,024 6,973
VAT 22,514 15,272
Other creditors - 3,818
Pensions creditor 1,911 1,605
Accrued expenses 12,275 12,275
268,521 346,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 52,500 52,500
Bank loans - 2-5 years 157,500 157,500
Bank loans more 5 yr by instal 61,988 101,355
Directors loans 17 5
272,005 311,360

POWERPOINT NORTHERN LIMITED (REGISTERED NUMBER: 02872973)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 61,988 101,355

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 324,488 363,855

The bank loan is secured by way of a fixed charge over the freehold property.

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 268,917

10. OTHER FINANCIAL COMMITMENTS

The need to hire plant, vehicles and equipment is dictated by demand from customers, and it is therefore not possible to determine the exact future financial commitment for operating leases.


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company sublets the premises at Thirsk Railway Carlton Minniott, which is rented from the Director Alan Cook. During the year the company paid rent to Mr Cook of £10,920 (2023 - £10,920). The company received rent income of £12,000 (2023 - £12,000), which is shown in Other Income.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Cook.

The director Mr A Cook is personally interested in 100% (2023 - 100%) of the company's issued share capital.