Registered number
12341721
POUNDAIR SERVICES LTD
Filleted Accounts
29 November 2024
POUNDAIR SERVICES LTD
Registered number: 12341721
Balance Sheet
as at 29 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 262 328
Current assets
Cash at bank and in hand 167,446 265,641
Creditors: amounts falling due within one year 4 (27,030) (108,926)
Net current assets 140,416 156,715
Net assets 140,678 157,043
Capital and reserves
Called up share capital 100 100
Profit and loss account 140,578 156,943
Shareholders' funds 140,678 157,043
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Carole Jane Turner
Director
Approved by the board on 26 February 2025
POUNDAIR SERVICES LTD
Notes to the Accounts
for the year ended 29 November 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Plant and machinery over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 November 2024 800
Depreciation
At 30 November 2023 472
Charge for the year 66
At 29 November 2024 538
Net book value
At 29 November 2024 262
At 29 November 2023 328
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,215 64,926
Other creditors 23,815 44,000
27,030 108,926
5 Other information
POUNDAIR SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor
35 New England Road
Brighton
East Sussex
BN1 4GG
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