Registered Number 15091002

POWER METHOD LIMITED

Micro-entity Accounts

31 August 2024

POWER METHOD LIMITED Registered Number 15091002

Micro-entity Balance Sheet as at 31 August 2024

Notes 2024
£
Called up share capital not paid
-
Fixed Assets
-
Current Assets
2,000
Prepayments and accrued income
-
Creditors: amounts falling due within one year
(4,643)
Net current assets (liabilities)
(2,643)
Total assets less current liabilities
(2,643)
Creditors: amounts falling due after more than one year
(14,704)
Provisions for liabilities
0
Accruals and deferred income
0
Total net assets (liabilities)
(17,347)
Capital and reserves
(17,347)
  • 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 May 2025

And signed on their behalf by:
Christopher Kenny, Director

POWER METHOD LIMITED Registered Number 15091002

Notes to the Micro-entity Accounts for the period ended 31 August 2024

1Employees
2024
Average number of employees during the period 0
2Off balance sheet arrangements
As the sole director Christopher Kenny took out a business loan to start this business of £20,000 at an interest rate of 6.0% or APR of 6.2% over 60 months starting in November 2023. As Director Christopher Kenny is responsible for the business loan being paid and how this supports the start up activities of this business.