Power2Supply Limited 04908435 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is as a seller of used and refurbished Apple equipment Digita Accounts Production Advanced 6.30.9574.0 true true 04908435 2023-04-01 2024-03-31 04908435 2024-03-31 04908435 core:CurrentFinancialInstruments 2024-03-31 04908435 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04908435 bus:SmallEntities 2023-04-01 2024-03-31 04908435 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04908435 bus:FilletedAccounts 2023-04-01 2024-03-31 04908435 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04908435 bus:RegisteredOffice 2023-04-01 2024-03-31 04908435 bus:Director2 2023-04-01 2024-03-31 04908435 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04908435 countries:EnglandWales 2023-04-01 2024-03-31 04908435 2022-04-01 2023-03-31 04908435 2023-03-31 04908435 core:CurrentFinancialInstruments 2023-03-31 04908435 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04908435

Power2Supply Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Power2Supply Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

Power2Supply Limited

(Registration number: 04908435)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

1,118

1,641

Creditors: Amounts falling due within one year

6

(65,340)

(61,371)

Net liabilities

 

(64,222)

(59,730)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(64,224)

(59,732)

Shareholders' deficit

 

(64,222)

(59,730)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 December 2024
 

.........................................
G N Perry
Director

 

Power2Supply Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is reliant on the director's financial support to remain in operation. The director has confirmed his intention to maintain financial support and on that basis the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of used and refurbished Apple equipment in the ordinary course of the company’s activities. Turnover is shown net of sales returns, rebates and discounts.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Other inventories

1,118

1,641

 

Power2Supply Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

 

-

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

14,259

13,452

Other creditors

 

51,081

47,919

 

65,340

61,371

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

14,259

13,452

8

Related party transactions

Other transactions with the director

G Perry, director, had an interest free loan with the company. At the balance sheet date the amount owed to G Perry was £49,041 (2023 - £45,879).