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REGISTERED NUMBER: 06832089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2024

FOR

THE POWER COLLECTIVE LIMITED

THE POWER COLLECTIVE LIMITED (REGISTERED NUMBER: 06832089)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE POWER COLLECTIVE LIMITED

COMPANY INFORMATION
for the Year Ended 27 February 2024







DIRECTOR: M Lindholt





REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 06832089 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

THE POWER COLLECTIVE LIMITED (REGISTERED NUMBER: 06832089)

BALANCE SHEET
27 February 2024

27.2.24 27.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 72,025 72,025
Tangible assets 5 527 527
72,552 72,552

CURRENT ASSETS
Debtors 6 5,798 5,798
Cash at bank 11 11
5,809 5,809
CREDITORS
Amounts falling due within one year 7 15,081 15,081
NET CURRENT LIABILITIES (9,272 ) (9,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,280

63,280

CREDITORS
Amounts falling due after more than one
year

8

78,193

78,193
NET LIABILITIES (14,913 ) (14,913 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (15,913 ) (15,913 )
SHAREHOLDERS' FUNDS (14,913 ) (14,913 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

THE POWER COLLECTIVE LIMITED (REGISTERED NUMBER: 06832089)

BALANCE SHEET - continued
27 February 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 22 November 2024 and were signed by:





M Lindholt - Director


THE POWER COLLECTIVE LIMITED (REGISTERED NUMBER: 06832089)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2024

1. STATUTORY INFORMATION

The Power Collective 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 28 February 2023
and 27 February 2024 72,025
NET BOOK VALUE
At 27 February 2024 72,025
At 27 February 2023 72,025

THE POWER COLLECTIVE LIMITED (REGISTERED NUMBER: 06832089)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2023
and 27 February 2024 3,514
DEPRECIATION
At 28 February 2023
and 27 February 2024 2,987
NET BOOK VALUE
At 27 February 2024 527
At 27 February 2023 527

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Other debtors 5,798 5,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Trade creditors 12,382 12,382
Other creditors 2,699 2,699
15,081 15,081

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.2.24 27.2.23
£    £   
Other creditors 78,193 78,193

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.2.24 27.2.23
value: £    £   
1,000 Ordinary £1 1,000 1,000