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REGISTERED NUMBER: 02063061 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

POWERPRO (UK) LIMITED

POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWERPRO (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs L Roberts
Mr J M Roberts





REGISTERED OFFICE: Middlemore Lane West
Aldridge
Walsall
West Midlands
WS9 8BG





REGISTERED NUMBER: 02063061 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,760 167,461

CURRENT ASSETS
Stocks 186,078 126,721
Debtors 5 1,585,525 1,011,815
Cash at bank and in hand 2,017,588 1,771,194
3,789,191 2,909,730
CREDITORS
Amounts falling due within one year 6 646,973 497,448
NET CURRENT ASSETS 3,142,218 2,412,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,317,978

2,579,743

CREDITORS
Amounts falling due after more than
one year

7

-

(13,312

)

PROVISIONS FOR LIABILITIES 9 (30,998 ) (41,865 )
NET ASSETS 3,286,980 2,524,566

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,286,880 2,524,466
SHAREHOLDERS' FUNDS 3,286,980 2,524,566

POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 October 2024 and were signed on its behalf by:





Mrs L Roberts - Director


POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

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


1. STATUTORY INFORMATION

Powerpro (UK) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 17 (2023 - 18 ) .

POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 2,785 70,648 6,692
Additions - 7,580 -
At 31 January 2024 2,785 78,228 6,692
DEPRECIATION
At 1 February 2023 2,785 55,972 6,241
Charge for year - 4,166 113
At 31 January 2024 2,785 60,138 6,354
NET BOOK VALUE
At 31 January 2024 - 18,090 338
At 31 January 2023 - 14,676 451

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 261,772 6,164 348,061
Additions 55,075 819 63,474
At 31 January 2024 316,847 6,983 411,535
DEPRECIATION
At 1 February 2023 112,284 3,318 180,600
Charge for year 49,992 904 55,175
At 31 January 2024 162,276 4,222 235,775
NET BOOK VALUE
At 31 January 2024 154,571 2,761 175,760
At 31 January 2023 149,488 2,846 167,461

POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 186,378
Transfer to ownership (116,328 )
At 31 January 2024 70,050
DEPRECIATION
At 1 February 2023 51,523
Charge for year 11,903
Transfer to ownership (29,084 )
At 31 January 2024 34,342
NET BOOK VALUE
At 31 January 2024 35,708
At 31 January 2023 134,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 707,169 321,906
Other debtors 737,065 683,417
Directors' loan accounts 135,171 -
Prepayments 6,120 6,492
1,585,525 1,011,815

The amount of £683,444 is included in other debtors relates to Property Holdings & Rental Services Limited a company that is owned by the shareholders.

The amount of £53,621 is included in other debtors relates to a loan to a participator. The maximum amount outstanding, by a participator, during the year was £53,621 (2023: Nil). No interest was charged on the loan.

The maximum amount outstanding, by a director, during the year was £135,171 (2023: Nil). No interest was charged on the loan.

POWERPRO (UK) LIMITED (REGISTERED NUMBER: 02063061)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,312 52,464
Trade creditors 228,458 121,769
Taxation and social security 384,426 225,907
Other creditors 20,777 97,308
646,973 497,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 13,312

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,312 65,776

The amounts included in hire purchase contracts are secured on the vehicles to which the hire purchase relates.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 30,998 41,865

Deferred
tax
£   
Balance at 1 February 2023 41,865
Provided during year (10,867 )
Balance at 31 January 2024 30,998

10. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date £4,165 was payable to the fund (2023: £3,641).