2023-04-012024-03-312024-03-31false09236315SOCIAL POWER 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SOCIAL POWER LIMITED

Registered Number
09236315
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SOCIAL POWER LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

POWER, Penelope Frances
POWER, Thomas Peter

Registered Address

4 Glasshouse Studios Fryern Court Road
Burgate
Fordingbridge
SP6 1QX

Registered Number

09236315 (England and Wales)
SOCIAL POWER LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,49614,331
Investments42,75012,840
18,24627,171
Current assets
Debtors516,48020,731
Cash at bank and on hand41,01383,982
57,493104,713
Creditors amounts falling due within one year6(41,136)(34,319)
Net current assets (liabilities)16,35770,394
Total assets less current liabilities34,60397,565
Creditors amounts falling due after one year7(28,923)(33,454)
Net assets5,68064,111
Capital and reserves
Called up share capital25
Profit and loss account5,67864,106
Shareholders' funds5,68064,111
The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2024, and are signed on its behalf by:
POWER, Penelope Frances
Director
POWER, Thomas Peter
Director

Registered Company No. 09236315
SOCIAL POWER LIMITED
Notes to the Financial Statements
for the year ended 31 March 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.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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:

Reducing balance (%)
Plant and machinery33
Vehicles20
Office Equipment33
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 234,2773,10125,71033,088
Additions2,3671,0012,7976,165
At 31 March 246,6444,10228,50739,253
Depreciation and impairment
At 01 April 233,07713415,54618,757
Charge for year6577143,6295,000
At 31 March 243,73484819,17523,757
Net book value
At 31 March 242,9103,2549,33215,496
At 31 March 231,2002,96710,16414,331
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 2312,84012,840
Additions2,7502,750
Disposals(12,840)(12,840)
At 31 March 242,7502,750
Net book value
At 31 March 242,7502,750
At 31 March 2312,84012,840

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,48011,705
Other debtors-9,026
Total16,48020,731
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,4536,739
Bank borrowings and overdrafts5,4586,355
Taxation and social security8,91210,023
Other creditors17,31311,202
Total41,13634,319
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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts28,92333,454
Total28,92333,454