Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1211truetrue 07245392 2023-06-01 2024-05-31 07245392 2022-06-01 2023-05-31 07245392 2024-05-31 07245392 2023-05-31 07245392 c:Director1 2023-06-01 2024-05-31 07245392 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 07245392 d:Buildings d:LongLeaseholdAssets 2024-05-31 07245392 d:Buildings d:LongLeaseholdAssets 2023-05-31 07245392 d:PlantMachinery 2023-06-01 2024-05-31 07245392 d:PlantMachinery 2024-05-31 07245392 d:PlantMachinery 2023-05-31 07245392 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07245392 d:MotorVehicles 2023-06-01 2024-05-31 07245392 d:MotorVehicles 2024-05-31 07245392 d:MotorVehicles 2023-05-31 07245392 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07245392 d:FurnitureFittings 2023-06-01 2024-05-31 07245392 d:FurnitureFittings 2024-05-31 07245392 d:FurnitureFittings 2023-05-31 07245392 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07245392 d:OfficeEquipment 2023-06-01 2024-05-31 07245392 d:OfficeEquipment 2024-05-31 07245392 d:OfficeEquipment 2023-05-31 07245392 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07245392 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07245392 d:Goodwill 2024-05-31 07245392 d:Goodwill 2023-05-31 07245392 d:CurrentFinancialInstruments 2024-05-31 07245392 d:CurrentFinancialInstruments 2023-05-31 07245392 d:Non-currentFinancialInstruments 2024-05-31 07245392 d:Non-currentFinancialInstruments 2023-05-31 07245392 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07245392 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07245392 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 07245392 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07245392 d:ShareCapital 2024-05-31 07245392 d:ShareCapital 2023-05-31 07245392 d:RetainedEarningsAccumulatedLosses 2024-05-31 07245392 d:RetainedEarningsAccumulatedLosses 2023-05-31 07245392 c:FRS102 2023-06-01 2024-05-31 07245392 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07245392 c:FullAccounts 2023-06-01 2024-05-31 07245392 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07245392 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 07245392 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 07245392










POWERCARE ELECTRICAL SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
POWERCARE ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 07245392

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
10,000
12,500

Tangible assets
 5 
308,128
180,010

  
318,128
192,510

CURRENT ASSETS
  

Stocks
  
61,624
61,624

Debtors: amounts falling due within one year
 6 
256,727
324,900

Cash at bank and in hand
 7 
157,315
13,214

  
475,666
399,738

Creditors: amounts falling due within one year
 8 
(229,513)
(161,997)

NET CURRENT ASSETS
  
 
 
246,153
 
 
237,741

TOTAL ASSETS LESS CURRENT LIABILITIES
  
564,281
430,251

Creditors: amounts falling due after more than one year
 9 
(68,204)
(60,883)

  

NET ASSETS
  
496,077
369,368


CAPTIAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
496,076
369,367

  
496,077
369,368

Page 1

 
POWERCARE ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 07245392
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr R M Metcalfe-Smith
Director

Date: 21 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Powercare Electrical Services Limited is a private company, limited by shares, incorporated in England and Wales and its registered office is 1 Aviation Way, Aviation Business Park, Teeside International Airport, Darlington, DL2 1NA

2.ACCOUNTING POLOCIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as 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 a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLOCIES (continued)

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
50 years straight line
Plant and machinery
-
5 years straight line
Motor vehicles
-
4 years straight line
Fixtures and fittings
-
10 years straight line
Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 12 (2023 - 11).

Page 4

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


INTANGIBLE ASSETS




Goodwill

£



Cost


At 1 June 2023
25,000



At 31 May 2024

25,000



Amortisation


At 1 June 2023
12,500


Charge for the year on owned assets
2,500



At 31 May 2024

15,000



Net book value



At 31 May 2024
10,000



At 31 May 2023
12,500



Page 5

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost


At 1 June 2023
43,984
42,042
155,450
9,287
14,358


Additions
-
94,555
71,903
17,939
5,947



At 31 May 2024

43,984
136,597
227,353
27,226
20,305



Depreciation


At 1 June 2023
2,416
21,291
49,795
3,762
7,847


Charge for the year on owned assets
880
24,439
30,114
2,560
4,233



At 31 May 2024

3,296
45,730
79,909
6,322
12,080



Net book value



At 31 May 2024
40,688
90,867
147,444
20,904
8,225



At 31 May 2023
41,568
20,751
105,655
5,525
6,511
Page 6

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

           5.TANGIBLE FIXED ASSETS (continued)


Total

£



Cost


At 1 June 2023
265,121


Additions
190,344



At 31 May 2024

455,465



Depreciation


At 1 June 2023
85,111


Charge for the year on owned assets
62,226



At 31 May 2024

147,337



Net book value



At 31 May 2024
308,128



At 31 May 2023
180,010


6.


DEBTORS

2024
2023
£
£


Trade debtors
188,350
302,385

Other debtors
51,367
9,331

Prepayments and accrued income
17,010
13,184

256,727
324,900


Page 7

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
157,315
13,214

157,315
13,214



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
129,755
43,075

Corporation tax
9,054
13,675

Other taxation and social security
25,117
66,792

Obligations under finance lease and hire purchase contracts
35,270
22,662

Other creditors
28,027
13,618

Accruals and deferred income
2,290
2,175

229,513
161,997



9.


CREDITORS: AMOUNTS FALLING DUE MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
68,204
60,883

68,204
60,883



10.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
35,270
22,662

Between 1-5 years
68,204
60,883

103,474
83,545

Page 8

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Related party transactions

At 31 May 2024 £20,213 (1 June 2023: £2,078 owed to the director) was owed to the company.

 
Page 9