2023-07-012024-06-302024-06-30false07647786POWERED NOW LTD2024-08-0762012iso4217:GBPxbrli:pure076477862023-07-01076477862024-06-30076477862023-07-012024-06-30076477862022-07-01076477862023-06-30076477862022-07-012023-06-3007647786bus:SmallEntities2023-07-012024-06-3007647786bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3007647786bus:FullAccounts2023-07-012024-06-3007647786bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007647786core:WithinOneYear2024-06-3007647786core:AfterOneYear2024-06-3007647786core:WithinOneYear2023-06-3007647786core:AfterOneYear2023-06-3007647786core:ShareCapital2024-06-3007647786core:SharePremium2024-06-3007647786core:RevaluationReserve2024-06-3007647786core:OtherReservesSubtotal2024-06-3007647786core:RetainedEarningsAccumulatedLosses2024-06-3007647786core:ShareCapital2023-06-3007647786core:SharePremium2023-06-3007647786core:RevaluationReserve2023-06-3007647786core:OtherReservesSubtotal2023-06-3007647786core:RetainedEarningsAccumulatedLosses2023-06-3007647786core:LandBuildings2024-06-3007647786core:PlantMachinery2024-06-3007647786core:Vehicles2024-06-3007647786core:FurnitureFittings2024-06-3007647786core:OfficeEquipment2024-06-3007647786core:NetGoodwill2024-06-3007647786core:IntangibleAssetsOtherThanGoodwill2024-06-3007647786core:ListedExchangeTraded2024-06-3007647786core:UnlistedNon-exchangeTraded2024-06-3007647786core:LandBuildings2023-06-3007647786core:PlantMachinery2023-06-3007647786core:Vehicles2023-06-3007647786core:FurnitureFittings2023-06-3007647786core:OfficeEquipment2023-06-3007647786core:NetGoodwill2023-06-3007647786core:IntangibleAssetsOtherThanGoodwill2023-06-3007647786core:ListedExchangeTraded2023-06-3007647786core:UnlistedNon-exchangeTraded2023-06-3007647786core:LandBuildings2023-07-012024-06-3007647786core:PlantMachinery2023-07-012024-06-3007647786core:Vehicles2023-07-012024-06-3007647786core:FurnitureFittings2023-07-012024-06-3007647786core:OfficeEquipment2023-07-012024-06-3007647786core:NetGoodwill2023-07-012024-06-3007647786core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007647786core:ListedExchangeTraded2023-07-012024-06-3007647786core:UnlistedNon-exchangeTraded2023-07-012024-06-3007647786core:MoreThanFiveYears2023-07-012024-06-3007647786core:Non-currentFinancialInstruments2024-06-3007647786core:Non-currentFinancialInstruments2023-06-3007647786dpl:CostSales2023-07-012024-06-3007647786dpl:DistributionCosts2023-07-012024-06-3007647786core:LandBuildings2023-07-012024-06-3007647786core:PlantMachinery2023-07-012024-06-3007647786core:Vehicles2023-07-012024-06-3007647786core:FurnitureFittings2023-07-012024-06-3007647786core:OfficeEquipment2023-07-012024-06-3007647786dpl:AdministrativeExpenses2023-07-012024-06-3007647786core:NetGoodwill2023-07-012024-06-3007647786core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007647786dpl:GroupUndertakings2023-07-012024-06-3007647786dpl:ParticipatingInterests2023-07-012024-06-3007647786dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3007647786core:ListedExchangeTraded2023-07-012024-06-3007647786dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3007647786core:UnlistedNon-exchangeTraded2023-07-012024-06-3007647786dpl:CostSales2022-07-012023-06-3007647786dpl:DistributionCosts2022-07-012023-06-3007647786core:LandBuildings2022-07-012023-06-3007647786core:PlantMachinery2022-07-012023-06-3007647786core:Vehicles2022-07-012023-06-3007647786core:FurnitureFittings2022-07-012023-06-3007647786core:OfficeEquipment2022-07-012023-06-3007647786dpl:AdministrativeExpenses2022-07-012023-06-3007647786core:NetGoodwill2022-07-012023-06-3007647786core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3007647786dpl:GroupUndertakings2022-07-012023-06-3007647786dpl:ParticipatingInterests2022-07-012023-06-3007647786dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3007647786core:ListedExchangeTraded2022-07-012023-06-3007647786dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3007647786core:UnlistedNon-exchangeTraded2022-07-012023-06-3007647786core:NetGoodwill2024-06-3007647786core:IntangibleAssetsOtherThanGoodwill2024-06-3007647786core:LandBuildings2024-06-3007647786core:PlantMachinery2024-06-3007647786core:Vehicles2024-06-3007647786core:FurnitureFittings2024-06-3007647786core:OfficeEquipment2024-06-3007647786core:AfterOneYear2024-06-3007647786core:WithinOneYear2024-06-3007647786core:ListedExchangeTraded2024-06-3007647786core:UnlistedNon-exchangeTraded2024-06-3007647786core:ShareCapital2024-06-3007647786core:SharePremium2024-06-3007647786core:RevaluationReserve2024-06-3007647786core:OtherReservesSubtotal2024-06-3007647786core:RetainedEarningsAccumulatedLosses2024-06-3007647786core:NetGoodwill2023-06-3007647786core:IntangibleAssetsOtherThanGoodwill2023-06-3007647786core:LandBuildings2023-06-3007647786core:PlantMachinery2023-06-3007647786core:Vehicles2023-06-3007647786core:FurnitureFittings2023-06-3007647786core:OfficeEquipment2023-06-3007647786core:AfterOneYear2023-06-3007647786core:WithinOneYear2023-06-3007647786core:ListedExchangeTraded2023-06-3007647786core:UnlistedNon-exchangeTraded2023-06-3007647786core:ShareCapital2023-06-3007647786core:SharePremium2023-06-3007647786core:RevaluationReserve2023-06-3007647786core:OtherReservesSubtotal2023-06-3007647786core:RetainedEarningsAccumulatedLosses2023-06-3007647786core:NetGoodwill2022-07-0107647786core:IntangibleAssetsOtherThanGoodwill2022-07-0107647786core:LandBuildings2022-07-0107647786core:PlantMachinery2022-07-0107647786core:Vehicles2022-07-0107647786core:FurnitureFittings2022-07-0107647786core:OfficeEquipment2022-07-0107647786core:AfterOneYear2022-07-0107647786core:WithinOneYear2022-07-0107647786core:ListedExchangeTraded2022-07-0107647786core:UnlistedNon-exchangeTraded2022-07-0107647786core:ShareCapital2022-07-0107647786core:SharePremium2022-07-0107647786core:RevaluationReserve2022-07-0107647786core:OtherReservesSubtotal2022-07-0107647786core:RetainedEarningsAccumulatedLosses2022-07-0107647786core:AfterOneYear2023-07-012024-06-3007647786core:WithinOneYear2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3007647786core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3007647786core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3007647786core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3007647786core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3007647786core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3007647786bus:Director12023-07-012024-06-3007647786bus:Director22023-07-012024-06-30

POWERED NOW LTD

Registered Number
07647786
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

POWERED NOW LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BARLING, Christopher David
DYER, Benjamin James, Mr.

Registered Address

Cypress
Thornley Drive
Teignmouth
TQ14 9JH

Registered Number

07647786 (England and Wales)
POWERED NOW LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets351,72412,871
51,72412,871
Current assets
Debtors142,293174,762
Cash at bank and on hand1,919,623745,345
2,061,916920,107
Creditors amounts falling due within one year4(428,910)(257,417)
Net current assets (liabilities)1,633,006662,690
Total assets less current liabilities1,684,730675,561
Creditors amounts falling due after one year5(516,750)(516,750)
Net assets1,167,980158,811
Capital and reserves
Called up share capital349349
Share premium6,307,9954,281,715
Profit and loss account(5,140,364)(4,123,253)
Shareholders' funds1,167,980158,811
The financial statements were approved and authorised for issue by the Board of Directors on 7 August 2024, and are signed on its behalf by:
BARLING, Christopher David
Director
Registered Company No. 07647786
POWERED NOW LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year1613
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 2355,90055,900
Additions46,04946,049
At 30 June 24101,949101,949
Depreciation and impairment
At 01 July 2343,02943,029
Charge for year7,1967,196
At 30 June 2450,22550,225
Net book value
At 30 June 2451,72451,724
At 30 June 2312,87112,871
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables108,07237,761
Taxation and social security33,91437,863
Other creditors4747
Accrued liabilities and deferred income286,877181,746
Total428,910257,417
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts516,750516,750
Total516,750516,750