Silverfin false false 30/11/2024 01/12/2023 30/11/2024 C D L Allen 17/11/2015 J E Taylor 15/06/2023 22 May 2025 The principal activity of the Company during the financial year was the supply of consultancy services, specialist investigative services and equipment to industrial users of electricity SC259660 2024-11-30 SC259660 bus:Director1 2024-11-30 SC259660 bus:Director2 2024-11-30 SC259660 2023-11-30 SC259660 core:CurrentFinancialInstruments 2024-11-30 SC259660 core:CurrentFinancialInstruments 2023-11-30 SC259660 core:ShareCapital 2024-11-30 SC259660 core:ShareCapital 2023-11-30 SC259660 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC259660 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC259660 core:PlantMachinery 2023-11-30 SC259660 core:Vehicles 2023-11-30 SC259660 core:OfficeEquipment 2023-11-30 SC259660 core:PlantMachinery 2024-11-30 SC259660 core:Vehicles 2024-11-30 SC259660 core:OfficeEquipment 2024-11-30 SC259660 core:ImmediateParent core:CurrentFinancialInstruments 2024-11-30 SC259660 core:ImmediateParent core:CurrentFinancialInstruments 2023-11-30 SC259660 bus:OrdinaryShareClass1 2024-11-30 SC259660 2023-12-01 2024-11-30 SC259660 bus:FilletedAccounts 2023-12-01 2024-11-30 SC259660 bus:SmallEntities 2023-12-01 2024-11-30 SC259660 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC259660 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC259660 bus:Director1 2023-12-01 2024-11-30 SC259660 bus:Director2 2023-12-01 2024-11-30 SC259660 core:PlantMachinery core:TopRangeValue 2023-12-01 2024-11-30 SC259660 core:Vehicles core:TopRangeValue 2023-12-01 2024-11-30 SC259660 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 SC259660 2022-12-01 2023-11-30 SC259660 core:PlantMachinery 2023-12-01 2024-11-30 SC259660 core:Vehicles 2023-12-01 2024-11-30 SC259660 core:OfficeEquipment 2023-12-01 2024-11-30 SC259660 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC259660 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 SC259660 1 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC259660 (Scotland)

POWER QUALITY MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

POWER QUALITY MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

POWER QUALITY MANAGEMENT LIMITED

BALANCE SHEET

As at 30 November 2024
POWER QUALITY MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 127,360 107,412
127,360 107,412
Current assets
Debtors 4 958,936 778,098
Cash at bank and in hand 193,572 474,779
1,152,508 1,252,877
Creditors: amounts falling due within one year 5 ( 642,372) ( 404,938)
Net current assets 510,136 847,939
Total assets less current liabilities 637,496 955,351
Provision for liabilities ( 18,791) ( 20,087)
Net assets 618,705 935,264
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 618,704 935,263
Total shareholder's funds 618,705 935,264

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Power Quality Management Limited (registered number: SC259660) were approved and authorised for issue by the Board of Directors on 22 May 2025. They were signed on its behalf by:

C D L Allen
Director
POWER QUALITY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
POWER QUALITY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Power Quality Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 272 Bath Street, Glasgow, G2 4JR, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Vehicles 3 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 December 2023 223,979 32,585 13,950 270,514
Additions 39,322 44,992 3,105 87,419
Disposals 0 ( 32,585) 0 ( 32,585)
At 30 November 2024 263,301 44,992 17,055 325,348
Accumulated depreciation
At 01 December 2023 125,411 30,302 7,389 163,102
Charge for the financial year 51,175 12,170 3,182 66,527
Disposals 0 ( 31,641) 0 ( 31,641)
At 30 November 2024 176,586 10,831 10,571 197,988
Net book value
At 30 November 2024 86,715 34,161 6,484 127,360
At 30 November 2023 98,568 2,283 6,561 107,412

4. Debtors

2024 2023
£ £
Trade debtors 463,990 306,495
Amounts owed by Parent undertakings 271,520 359,241
Other debtors 223,426 112,362
958,936 778,098

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 307,509 182,977
Corporation tax 217,195 147,694
Other taxation and social security 111,202 67,736
Other creditors 6,466 6,531
642,372 404,938

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
130 Ordinary shares of £ 0.01 each 1 1

7. Ultimate controlling party

Parent Company:

Power Quality Management (Holdings) Limited
1 Sampson Bridgwood Close
Stoke-On-Trent
England
ST4 8WH

The ultimate controlling party is C D L Allen, a director.