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Registration number: 03657994

Powa Consultants Limited

Unaudited Financial Statements

for the Year Ended 27 April 2024

 

Powa Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Powa Consultants Limited

Company Information

Director

Mr MD Fozzard

Company secretary

Mrs A Fozzard

Registered office

The Last Homely House
New Road
East Huntspill
Somerset
TA9 3PU

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Powa Consultants Limited

(Registration number: 03657994)
Balance Sheet as at 27 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,759

2,538

Current assets

 

Debtors

6

41,135

614

Cash at bank and in hand

 

28,715

107,880

 

69,850

108,494

Creditors: Amounts falling due within one year

7

(39,974)

(56,808)

Net current assets

 

29,876

51,686

Total assets less current liabilities

 

31,635

54,224

Provisions for liabilities

(335)

(495)

Net assets

 

31,300

53,729

Capital and reserves

 

Called up share capital

1

1

Retained earnings

31,299

53,728

Shareholders' funds

 

31,300

53,729

 

Powa Consultants Limited

(Registration number: 03657994)
Balance Sheet as at 27 April 2024

For the financial year ending 27 April 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 and 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 8 January 2025
 

.........................................
Mr MD Fozzard
Director

 

Powa Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 April 2024

1

General information

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

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.

The presentation currency of the financial statements is Pound Sterling (£).

Going concern

The director has prepared the financial statements on a going concern basis as, in his opinion, the company is able to meet its obligations as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Powa Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 April 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Powa Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 April 2024

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Computer equipment

33% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,153

1,062

 

Powa Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 April 2024

5

Tangible assets

Fixtures, fittings and computer equipment
£

Total
£

Cost or valuation

At 28 April 2023

7,800

7,800

Additions

374

374

At 27 April 2024

8,174

8,174

Depreciation

At 28 April 2023

5,262

5,262

Charge for the year

1,153

1,153

At 27 April 2024

6,415

6,415

Carrying amount

At 27 April 2024

1,759

1,759

At 27 April 2023

2,538

2,538

6

Debtors

2024
£

2023
£

Prepayments

211

211

Other debtors

40,924

403

41,135

614

 

Powa Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

36,585

53,825

Accruals and deferred income

3,389

2,983

39,974

56,808

8

Related party transactions

Transactions with the director

2024

At 28 April 2023
£

Advances to director
£

Repayments by director
£

At 27 April 2024
£

Mr MD Fozzard

Directors loan account

404

170,800

(137,812)

33,391

2023

At 28 April 2022
£

Advances to director
£

Repayments by director
£

At 27 April 2023
£

Mr MD Fozzard

Directors loan account

14,407

121,308

(135,312)

404