IRIS Accounts Production v24.3.2.46 11352365 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113523652023-05-31113523652024-05-31113523652023-06-012024-05-31113523652022-05-31113523652022-06-012023-05-31113523652023-05-3111352365ns15:EnglandWales2023-06-012024-05-3111352365ns14:PoundSterling2023-06-012024-05-3111352365ns10:Director12023-06-012024-05-3111352365ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111352365ns10:SmallEntities2023-06-012024-05-3111352365ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111352365ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111352365ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111352365ns10:FullAccounts2023-06-012024-05-311135236512023-06-012024-05-3111352365ns10:OrdinaryShareClass12023-06-012024-05-3111352365ns10:Director22023-06-012024-05-3111352365ns10:RegisteredOffice2023-06-012024-05-3111352365ns5:CurrentFinancialInstruments2024-05-3111352365ns5:CurrentFinancialInstruments2023-05-3111352365ns5:ShareCapital2024-05-3111352365ns5:ShareCapital2023-05-3111352365ns5:RetainedEarningsAccumulatedLosses2024-05-3111352365ns5:RetainedEarningsAccumulatedLosses2023-05-3111352365ns5:NetGoodwill2023-06-012024-05-3111352365ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3111352365ns5:PlantMachinery2023-06-012024-05-3111352365ns5:FurnitureFittings2023-06-012024-05-3111352365ns5:ComputerEquipment2023-06-012024-05-3111352365ns5:NetGoodwill2023-05-3111352365ns5:NetGoodwill2024-05-3111352365ns5:NetGoodwill2023-05-3111352365ns5:PlantMachinery2023-05-3111352365ns5:FurnitureFittings2023-05-3111352365ns5:ComputerEquipment2023-05-3111352365ns5:PlantMachinery2024-05-3111352365ns5:FurnitureFittings2024-05-3111352365ns5:ComputerEquipment2024-05-3111352365ns5:PlantMachinery2023-05-3111352365ns5:FurnitureFittings2023-05-3111352365ns5:ComputerEquipment2023-05-3111352365ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111352365ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111352365ns5:DeferredTaxation2023-05-3111352365ns5:DeferredTaxation2024-05-3111352365ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 11352365 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

POWYS COUNTRY LIVING LIMITED

POWYS COUNTRY LIVING LIMITED (REGISTERED NUMBER: 11352365)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POWYS COUNTRY LIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: A J M Studer
L E Studer



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
Wrexham
LL11 1BT



REGISTERED NUMBER: 11352365 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Santander UK plc
Bridle Road
Bootle
L30 4GB

POWYS COUNTRY LIVING LIMITED (REGISTERED NUMBER: 11352365)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,600 35,750
Tangible assets 5 8,911 12,219
37,511 47,969

CURRENT ASSETS
Debtors 6 17,553 15,985
Cash at bank 16,214 20,944
33,767 36,929
CREDITORS
Amounts falling due within one year 7 181,648 172,917
NET CURRENT LIABILITIES (147,881 ) (135,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(110,370

)

(88,019

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (110,470 ) (88,119 )
SHAREHOLDERS' FUNDS (110,370 ) (88,019 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th January 2025 and were signed on its behalf by:



L E Studer - Director


POWYS COUNTRY LIVING LIMITED (REGISTERED NUMBER: 11352365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Powys Country Living 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.

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


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

POWYS COUNTRY LIVING LIMITED (REGISTERED NUMBER: 11352365)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 71,500
AMORTISATION
At 1st June 2023 35,750
Amortisation for year 7,150
At 31st May 2024 42,900
NET BOOK VALUE
At 31st May 2024 28,600
At 31st May 2023 35,750

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1st June 2023
and 31st May 2024 10,414 52,118 154 62,686
DEPRECIATION
At 1st June 2023 2,371 47,943 153 50,467
Charge for year 2,084 1,224 - 3,308
At 31st May 2024 4,455 49,167 153 53,775
NET BOOK VALUE
At 31st May 2024 5,959 2,951 1 8,911
At 31st May 2023 8,043 4,175 1 12,219

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Social security & other taxes - 2,054
Deferred tax asset 16,912 13,346
Prepayments 641 585
17,553 15,985

POWYS COUNTRY LIVING LIMITED (REGISTERED NUMBER: 11352365)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Payments on account 8,950 17,861
Trade creditors 65 -
Social security and other taxes 91 -
VAT 3,110 2,655
Directors' current accounts 167,618 150,606
Accrued expenses 1,814 1,795
181,648 172,917

8. DEFERRED TAX
£   
Balance at 1st June 2023 (13,346 )
Movement in the year due to:
changes in tax allowances (629 )
changes in tax rates
changes in tax losses (2,937 )
Balance at 31st May 2024 (16,912 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1.00 100 100

10. CAPITAL COMMITMENTS
31.5.24 31.5.23
£    £   
Contracted but not provided for in the
financial statements - -