IRIS Accounts Production v24.3.0.553 11865328 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118653282023-03-31118653282024-03-31118653282023-04-012024-03-31118653282022-03-31118653282022-04-012023-03-31118653282023-03-3111865328ns15:EnglandWales2023-04-012024-03-3111865328ns14:PoundSterling2023-04-012024-03-3111865328ns10:Director12023-04-012024-03-3111865328ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111865328ns10:SmallEntities2023-04-012024-03-3111865328ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111865328ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111865328ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111865328ns10:FullAccounts2023-04-012024-03-3111865328ns10:OrdinaryShareClass12023-04-012024-03-3111865328ns10:RegisteredOffice2023-04-012024-03-3111865328ns5:CurrentFinancialInstruments2024-03-3111865328ns5:CurrentFinancialInstruments2023-03-3111865328ns5:Non-currentFinancialInstruments2024-03-3111865328ns5:Non-currentFinancialInstruments2023-03-3111865328ns5:ShareCapital2024-03-3111865328ns5:ShareCapital2023-03-3111865328ns5:RetainedEarningsAccumulatedLosses2024-03-3111865328ns5:PlantMachinery2023-04-012024-03-3111865328ns5:MotorVehicles2023-04-012024-03-3111865328ns5:ComputerEquipment2023-04-012024-03-3111865328ns5:PlantMachinery2023-03-3111865328ns5:MotorVehicles2023-03-3111865328ns5:ComputerEquipment2023-03-3111865328ns5:PlantMachinery2024-03-3111865328ns5:MotorVehicles2024-03-3111865328ns5:ComputerEquipment2024-03-3111865328ns5:PlantMachinery2023-03-3111865328ns5:MotorVehicles2023-03-3111865328ns5:ComputerEquipment2023-03-3111865328ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111865328ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111865328ns5:WithinOneYear2024-03-3111865328ns5:WithinOneYear2023-03-3111865328ns5:BetweenOneFiveYears2024-03-3111865328ns5:BetweenOneFiveYears2023-03-3111865328ns5:AllPeriods2024-03-3111865328ns5:AllPeriods2023-03-3111865328ns5:DeferredTaxation2023-04-012024-03-3111865328ns5:DeferredTaxation2024-03-3111865328ns10:OrdinaryShareClass12024-03-31
















POWERANDCONTROL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWERANDCONTROL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D S J Kelly





REGISTERED OFFICE: Unit 2, Colemans Yard
Alfreton Road
Derby
Derbyshire
DE21 4AL





REGISTERED NUMBER: 11865328 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,364 12,871

CURRENT ASSETS
Debtors 5 105,677 83,842
Cash at bank 152,106 46,242
257,783 130,084
CREDITORS
Amounts falling due within one year 6 203,974 100,559
NET CURRENT ASSETS 53,809 29,525
TOTAL ASSETS LESS CURRENT LIABILITIES 72,173 42,396

CREDITORS
Amounts falling due after more than one
year

7

(3,750

)

(6,204

)

PROVISIONS FOR LIABILITIES 9 (3,500 ) -
NET ASSETS 64,923 36,192

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 64,922 36,191
SHAREHOLDERS' FUNDS 64,923 36,192

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 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.

POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





D S J Kelly - Director


POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Powerandcontrol 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Motor vehicles were previously being depreciated at 25% on cost, however, this has been changed to 25% on reducing balance this financial year due to revised estimates of the useful lives of the assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 9,558 24,690 1,771 36,019
Additions 4,946 1,171 2,055 8,172
At 31 March 2024 14,504 25,861 3,826 44,191
DEPRECIATION
At 1 April 2023 3,641 18,519 988 23,148
Charge for year 1,762 143 774 2,679
At 31 March 2024 5,403 18,662 1,762 25,827
NET BOOK VALUE
At 31 March 2024 9,101 7,199 2,064 18,364
At 31 March 2023 5,917 6,171 783 12,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 81,789 49,067
Other debtors 23,888 34,775
105,677 83,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 32,188 3,000
Trade creditors 130,304 82,604
Taxation and social security 12,563 7,480
Other creditors 28,919 7,475
203,974 100,559

POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 3,750 6,204

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 10,000 10,000
Between one and five years 7,500 17,500
17,500 27,500

9. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 3,500 -

Deferred
tax
£   
Provided during year 3,500
Balance at 31 March 2024 3,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 Ordinary £1 1 1

POWERANDCONTROL LTD (REGISTERED NUMBER: 11865328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. PRIOR YEAR ADJUSTMENTS

The comparative information has been restated due to the recalculation and reclassification of work in progress, this has resulted in the following adjustments:

Balance sheet
£25,000 increase to other debtors
£65,000 decrease to stock and work in progress
£7,600 decrease to other creditors

Statement of income and retained earnings
£22,630 increase to cost of sales
£17,370 decrease to sales
£7,600 decrease to taxation

The comparative information has also been restated due to the recognition of advertising costs paid by the director, this has resulted in the following adjustments:

Balance sheet
£5,101 increase to other creditors

Statement of income and retained earnings
£6,297 increase to administrative expenses
£1,196 decrease to taxation

The comparative information has also been restated due to the reclassification of direct wages costs, this has resulted in the following adjustments:

Statement of income and retained earnings
£9,596 decrease to cost of sales
£4,077 increase to other income
£13,673 increase to administrative expenses

The above adjustments have caused a net decrease to profit of £37,501.