POWERNETS (UK) LIMITED

Company Registration Number:
04055262 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

POWERNETS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

POWERNETS (UK) LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 237,386 245,405
Total fixed assets: 237,386 245,405
Current assets
Stocks: 11,833 61,050
Debtors:   185,141 448,495
Cash at bank and in hand: 220,079 262,135
Investments:   680,000 595,000
Total current assets: 1,097,053 1,366,680
Creditors: amounts falling due within one year:   (197,212) (424,148)
Net current assets (liabilities): 899,841 942,532
Total assets less current liabilities: 1,137,227 1,187,937
Creditors: amounts falling due after more than one year:   (3,841) (4,063)
Total net assets (liabilities): 1,133,386 1,183,874
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 1,133,376 1,183,864
Shareholders funds: 1,133,386 1,183,874

The notes form part of these financial statements

POWERNETS (UK) LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: J M Banks
Status: Director

The notes form part of these financial statements

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 387,080
Additions 2,101
At 31 August 2024 389,181
Depreciation
At 01 September 2023 141,675
Charge for year 10,120
At 31 August 2024 151,795
Net book value
At 31 August 2024 237,386
At 31 August 2023 245,405