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REGISTERED NUMBER: 07126277 (England and Wales)




















Financial Statements

for the Year Ended 31 January 2024

for

POWELL TUCK ASSOCIATES LIMITED

POWELL TUCK ASSOCIATES LIMITED (REGISTERED NUMBER: 07126277)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWELL TUCK ASSOCIATES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Adrian Lees
A Shepherd





REGISTERED OFFICE: 6 Stamford Brook Road
HAMMERSMITH
London
W6 0XH





REGISTERED NUMBER: 07126277 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

POWELL TUCK ASSOCIATES LIMITED (REGISTERED NUMBER: 07126277)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,052 1,403

CURRENT ASSETS
Debtors 5 662,129 675,466
Cash at bank 4,169 49,381
666,298 724,847
CREDITORS
Amounts falling due within one year 6 (297,193 ) (308,431 )
NET CURRENT ASSETS 369,105 416,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,157

417,819

CREDITORS
Amounts falling due after more than one
year

7

(13,333

)

(23,333

)
NET ASSETS 356,824 394,486

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 356,724 394,386
SHAREHOLDERS' FUNDS 356,824 394,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

POWELL TUCK ASSOCIATES LIMITED (REGISTERED NUMBER: 07126277)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Adrian Lees - Director



A Shepherd - Director


POWELL TUCK ASSOCIATES LIMITED (REGISTERED NUMBER: 07126277)

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

1. STATUTORY INFORMATION

Powell Tuck Associates 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.

Turnover
The turnover shown in the profit and loss account represents the total amount earned by the company for goods supplied and services provided, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

POWELL TUCK ASSOCIATES LIMITED (REGISTERED NUMBER: 07126277)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 21,081 51,497 72,578
DEPRECIATION
At 1 February 2023 19,678 51,497 71,175
Charge for year 351 - 351
At 31 January 2024 20,029 51,497 71,526
NET BOOK VALUE
At 31 January 2024 1,052 - 1,052
At 31 January 2023 1,403 - 1,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 613,282 636,982
Other debtors 48,847 38,484
662,129 675,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,447 36,435
Taxation and social security 269,850 219,291
Other creditors 10,896 42,705
297,193 308,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,333 23,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1.00 100 100

POWELL TUCK ASSOCIATES LIMITED (REGISTERED NUMBER: 07126277)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

31.1.24 31.1.23
£    £   
A Shepherd
Balance outstanding at start of year 2,147 4,077
Amounts advanced 2,778 -
Amounts repaid - (1,930 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,925 2,147