Registered number
10707507
POWER X LIMITED
Filleted Accounts
30 April 2024
POWER X LIMITED
Registered number: 10707507
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 20,466 20,466
Cash at bank and in hand 88 88
20,554 20,554
Creditors: amounts falling due within one year 4 (36,332) (36,332)
Net current liabilities (15,778) (15,778)
Net liabilities (15,778) (15,778)
Capital and reserves
Called up share capital 100 100
Profit and loss account (15,878) (15,878)
Shareholder's funds (15,778) (15,778)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr N Jia
Director
Approved by the board on 27 January 2025
POWER X LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Prepayments and accrued income 20,366 20,366
Other debtors 100 100
20,466 20,466
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 35,626 35,626
Other creditors 706 706
36,332 36,332
5 Other information
POWER X LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Alpha House
Terrace Street
Oldham
OL4 1HG
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