IRIS Accounts Production v24.3.2.46 10557199 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105571992023-01-31105571992024-01-31105571992023-02-012024-01-31105571992022-01-31105571992022-02-012023-01-31105571992023-01-3110557199ns15:EnglandWales2023-02-012024-01-3110557199ns14:PoundSterling2023-02-012024-01-3110557199ns10:Director12023-02-012024-01-3110557199ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3110557199ns10:SmallEntities2023-02-012024-01-3110557199ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3110557199ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3110557199ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110557199ns10:FullAccounts2023-02-012024-01-3110557199ns10:RegisteredOffice2023-02-012024-01-3110557199ns5:CurrentFinancialInstruments2024-01-3110557199ns5:CurrentFinancialInstruments2023-01-3110557199ns5:Non-currentFinancialInstruments2024-01-3110557199ns5:Non-currentFinancialInstruments2023-01-3110557199ns5:ShareCapital2024-01-3110557199ns5:ShareCapital2023-01-3110557199ns5:RetainedEarningsAccumulatedLosses2024-01-3110557199ns5:RetainedEarningsAccumulatedLosses2023-01-3110557199ns5:MotorVehicles2023-02-012024-01-3110557199ns5:ComputerEquipment2023-02-012024-01-3110557199ns5:MotorVehicles2023-01-3110557199ns5:ComputerEquipment2023-01-3110557199ns5:MotorVehicles2024-01-3110557199ns5:ComputerEquipment2024-01-3110557199ns5:MotorVehicles2023-01-3110557199ns5:ComputerEquipment2023-01-3110557199ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3110557199ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 10557199 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

POVEY S G LIMITED

POVEY S G LIMITED (REGISTERED NUMBER: 10557199)

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


POVEY S G LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S G Povey





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 10557199 (England and Wales)

POVEY S G LIMITED (REGISTERED NUMBER: 10557199)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,891 2,521

CURRENT ASSETS
Stocks 3,500 4,000
Debtors 5 74,596 80,727
Cash at bank 1,131 2,134
79,227 86,861
CREDITORS
Amounts falling due within one year 6 54,031 51,470
NET CURRENT ASSETS 25,196 35,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,087

37,912

CREDITORS
Amounts falling due after more than
one year

7

27,064

32,719
NET ASSETS 23 5,193

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22 5,192
SHAREHOLDERS' FUNDS 23 5,193

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 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.

POVEY S G LIMITED (REGISTERED NUMBER: 10557199)

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 director and authorised for issue on 30 January 2025 and were signed by:





S G Povey - Director


POVEY S G LIMITED (REGISTERED NUMBER: 10557199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Povey S G 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

POVEY S G LIMITED (REGISTERED NUMBER: 10557199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 6,996 505 7,501
DEPRECIATION
At 1 February 2023 4,475 505 4,980
Charge for year 630 - 630
At 31 January 2024 5,105 505 5,610
NET BOOK VALUE
At 31 January 2024 1,891 - 1,891
At 31 January 2023 2,521 - 2,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,233 36,897
Other debtors 44,581 43,830
Directors' loan accounts 5,782 -
74,596 80,727

Included within debtors are amounts owed by directors of £5,782 (2023 - £Nil.) No interest has been charged on this loan and the maximum balance outstanding during the year was £5,782.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,629 24,629
Trade creditors 8,201 12,000
Taxation and social security 3,863 989
Other creditors 17,338 13,852
54,031 51,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 27,064 32,719