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REGISTERED NUMBER: 08197024 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Powertec Utilities Ltd

Powertec Utilities Ltd (Registered number: 08197024)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Powertec Utilities Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M A Murphy





REGISTERED OFFICE: 24 Countess Drive
Denton Burn
Newcastle upon Tyne
NE15 7BT





REGISTERED NUMBER: 08197024 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Powertec Utilities Ltd (Registered number: 08197024)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,411 2,836

CURRENT ASSETS
Debtors 6 129,754 118,631
Cash at bank 9,848 4,920
139,602 123,551
CREDITORS
Amounts falling due within one year 7 74,538 80,422
NET CURRENT ASSETS 65,064 43,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,475

45,965

CREDITORS
Amounts falling due after more than one
year

8

37,364

42,503
NET ASSETS 30,111 3,462

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,110 3,461
SHAREHOLDERS' FUNDS 30,111 3,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Powertec Utilities Ltd (Registered number: 08197024)

Balance Sheet - continued
31 October 2023


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





M A Murphy - Director


Powertec Utilities Ltd (Registered number: 08197024)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Powertec Utilities Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. This assumes that the company will continue to trade for the foreseeable future. In order to do so it relies on continued support from its directors, bank and creditors.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machineryat 15% on a reducing balance basis
Fixtures, fittings & equipmentat 15% on a reducing balance basis

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Powertec Utilities Ltd (Registered number: 08197024)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 4,166
DEPRECIATION
At 1 November 2022 1,330
Charge for year 425
At 31 October 2023 1,755
NET BOOK VALUE
At 31 October 2023 2,411
At 31 October 2022 2,836

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 36,217 20,147
Other debtors 27,488 32,032
Directors' current accounts 66,049 66,452
129,754 118,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,257 7,497
Trade creditors 119 3,298
Tax 40,996 43,423
Social security and other taxes 24,366 24,804
Accruals and deferred income 2,800 1,400
74,538 80,422

Powertec Utilities Ltd (Registered number: 08197024)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 12,515 12,515
Bank loans - 2-5 years 24,849 29,988
37,364 42,503

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
M A Murphy
Balance outstanding at start of year 66,452 53,350
Amounts advanced 133,302 66,452
Amounts repaid (133,705 ) (53,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,049 66,452