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REGISTERED NUMBER: 08403646 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

POWER SECTOR PEOPLE LTD

POWER SECTOR PEOPLE LTD (REGISTERED NUMBER: 08403646)

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


POWER SECTOR PEOPLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr B Preisner





REGISTERED OFFICE: 76 Redhouse Lane
Disley
Stockport
Cheshire
SK12 2HL





REGISTERED NUMBER: 08403646 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

POWER SECTOR PEOPLE LTD (REGISTERED NUMBER: 08403646)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,963 88,640

CURRENT ASSETS
Debtors 5 496,635 276,434
Cash at bank and in hand 308,711 462,076
805,346 738,510
CREDITORS
Amounts falling due within one year 6 279,450 282,372
NET CURRENT ASSETS 525,896 456,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,859

544,778

PROVISIONS FOR LIABILITIES 3,970 5,468
NET ASSETS 586,889 539,310

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve (879,375 ) (879,375 )
Retained earnings 1,465,264 1,417,685
586,889 539,310

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.

POWER SECTOR PEOPLE LTD (REGISTERED NUMBER: 08403646)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr B Preisner - Director


POWER SECTOR PEOPLE LTD (REGISTERED NUMBER: 08403646)

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


1. STATUTORY INFORMATION

Power Sector People 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.

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.

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 2 (2023 - 1 ) .

POWER SECTOR PEOPLE LTD (REGISTERED NUMBER: 08403646)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 25,633 117,995 143,628
Additions 1,208 - 1,208
At 31 March 2024 26,841 117,995 144,836
DEPRECIATION
At 1 April 2023 16,073 38,915 54,988
Charge for year 5,115 19,770 24,885
At 31 March 2024 21,188 58,685 79,873
NET BOOK VALUE
At 31 March 2024 5,653 59,310 64,963
At 31 March 2023 9,560 79,080 88,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 493,727 272,961
Prepayments 2,908 3,473
496,635 276,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,036 3,745
Corporation tax 74,019 74,299
Social security and other taxes 11,430 4,858
VAT 102,860 137,710
Other creditors 4,574 4,415
Directors' current accounts 80,911 55,345
Accruals and deferred income 2,620 2,000
279,450 282,372