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REGISTERED NUMBER: 05892795 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

County Power Limited

County Power Limited (Registered number: 05892795)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

County Power Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R J Spafford
Mrs R Spafford





SECRETARY: Mrs R Spafford





REGISTERED OFFICE: 26 Woodland Road
Rushden
Northamptonshire
NN10 6UT





REGISTERED NUMBER: 05892795 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

County Power Limited (Registered number: 05892795)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,271 27,360
19,271 27,360

CURRENT ASSETS
Debtors 6 44,784 52,319
Cash at bank 25,238 19,768
70,022 72,087
CREDITORS
Amounts falling due within one year 7 73,244 73,582
NET CURRENT LIABILITIES (3,222 ) (1,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,049 25,865

CREDITORS
Amounts falling due after more than one year 8 (7,021 ) (19,693 )

PROVISIONS FOR LIABILITIES (4,956 ) (5,842 )
NET ASSETS 4,072 330

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,972 230
SHAREHOLDERS' FUNDS 4,072 330

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

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

County Power Limited (Registered number: 05892795)

Statement of Financial Position - continued
31 July 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 5 February 2025 and were signed on its behalf by:





Mrs R Spafford - Director


County Power Limited (Registered number: 05892795)

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

1. STATUTORY INFORMATION

County Power 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from the installation and servicing of air conditioning units is recognised when work is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of nil 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
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant & machinery - 20% on cost
Motor vehicle - 25% reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

County Power Limited (Registered number: 05892795)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 18,000
AMORTISATION
At 1 August 2023
and 31 July 2024 18,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

County Power Limited (Registered number: 05892795)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 5,903 45,885 15,992 67,780
Additions 904 - 1,215 2,119
Disposals - - (708 ) (708 )
At 31 July 2024 6,807 45,885 16,499 69,191
DEPRECIATION
At 1 August 2023 5,727 23,312 11,381 40,420
Charge for year 187 5,644 4,252 10,083
Eliminated on disposal - - (583 ) (583 )
At 31 July 2024 5,914 28,956 15,050 49,920
NET BOOK VALUE
At 31 July 2024 893 16,929 1,449 19,271
At 31 July 2023 176 22,573 4,611 27,360

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 19,855
DEPRECIATION
At 1 August 2023 9,390
Charge for year 2,617
At 31 July 2024 12,007
NET BOOK VALUE
At 31 July 2024 7,848
At 31 July 2023 10,465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 41,110 35,388
Other debtors 563 563
Directors' current accounts - 13,583
Prepayments 3,111 2,785
44,784 52,319

County Power Limited (Registered number: 05892795)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 8,238 8,034
Hire purchase contracts 4,434 5,077
Trade creditors 34,365 29,822
Tax 17,645 5,896
Social security and other taxes 1,026 733
VAT 4,612 13,464
Other creditors 575 8,611
Directors' current accounts 404 -
Accrued expenses 1,945 1,945
73,244 73,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-5 years 7,021 15,259
Hire purchase contracts - 4,434
7,021 19,693

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 £1 Ordinary Shares £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
R J Spafford and Mrs R Spafford
Balance outstanding at start of year 13,583 15,176
Amounts advanced 62,688 37,253
Amounts repaid (76,697 ) (38,846 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (426 ) 13,583

11. RELATED PARTY DISCLOSURES

The amount outstanding at the year due to Mr R Spafford was £213 (2023 £6,792 due from).

The amount outstanding at the year due to Mrs R Spafford was £213 (2023 £6,791 due from).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
County Power Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of County Power Limited for the year ended 31 July 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of County Power Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of County Power Limited and state those matters that we have agreed to state to the Board of Directors of County Power Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than County Power Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that County Power Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of County Power Limited. You consider that County Power Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of County Power Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


5 February 2025