1 January 2024 false No description of principal activity Taxfiler 2024.6 11686187business:PrivateLimitedCompanyLtd2024-01-012024-12-31 116861872023-12-31 116861872024-01-012024-12-31 11686187business:AuditExemptWithAccountantsReport2024-01-012024-12-31 11686187business:FilletedAccounts2024-01-012024-12-31 116861872024-12-31 11686187business:Director22024-01-012024-12-31 11686187business:Director32024-01-012024-12-31 11686187business:Director42024-01-012024-12-31 11686187business:Director52024-01-012024-12-31 11686187business:RegisteredOffice2024-01-012024-12-31 116861872023-12-31 11686187core:WithinOneYear2024-12-31 11686187core:WithinOneYear2023-12-31 11686187core:AfterOneYear2024-12-31 11686187core:AfterOneYear2023-12-31 11686187core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 11686187core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11686187core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11686187core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11686187core:PreviouslyStatedAmount2024-12-31 11686187core:PreviouslyStatedAmount2023-12-31 11686187business:SmallEntities2024-01-012024-12-31 11686187countries:EnglandWales2024-01-012024-12-31 11686187core:FurnitureFittings2024-01-012024-12-31 11686187core:ComputerEquipment2024-01-012024-12-31 11686187core:FurnitureFittings2023-12-31 11686187core:ComputerEquipment2023-12-31 11686187core:FurnitureFittings2024-12-31 11686187core:ComputerEquipment2024-12-31 11686187business:OrdinaryShareClass12024-01-012024-12-31 11686187business:OrdinaryShareClass12022-12-012023-12-31 11686187core:BetweenOneFiveYears2024-12-31 11686187core:BetweenOneFiveYears2023-12-31 116861872022-12-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11686187 (England and Wales)
POWER 365 SOLUTIONS LTD Unaudited accounts for the year ended 31 December 2024
POWER 365 SOLUTIONS LTD Unaudited accounts Contents
Page
- 2 -
POWER 365 SOLUTIONS LTD Company Information for the year ended 31 December 2024
Directors
Thomas Moore Jake Hockley Kieran Berry Alex Jones
Company Number
11686187 (England and Wales)
Registered Office
Cromwell House 14 Fulwood Place London London WC1V 6HZ England
Accountants
SD Accountants Limited 24 Burford Court Rances Lane Wokingham RG40 2LJ
- 3 -
POWER 365 SOLUTIONS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,467 
16,824 
Current assets
Debtors
792,387 
155,299 
Cash at bank and in hand
151,582 
78,780 
943,969 
234,079 
Creditors: amounts falling due within one year
(731,406)
(97,497)
Net current assets
212,563 
136,582 
Total assets less current liabilities
231,030 
153,406 
Creditors: amounts falling due after more than one year
(149,989)
(149,989)
Net assets
81,041 
3,417 
Capital and reserves
Called up share capital
112 
112 
Profit and loss account
80,929 
3,305 
Shareholders' funds
81,041 
3,417 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by
Kieran Berry Director Company Registration No. 11686187
- 4 -
POWER 365 SOLUTIONS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
POWER 365 SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11686187. The registered office is Cromwell House, 14 Fulwood Place, London, London, WC1V 6HZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 Years Straight Line
Computer equipment
3 Years Straight Line
- 5 -
POWER 365 SOLUTIONS LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
965 
36,352 
37,317 
Additions
1,832 
10,626 
12,458 
Disposals
(965)
(12,597)
(13,562)
At 31 December 2024
1,832 
34,381 
36,213 
Depreciation
At 1 January 2024
671 
19,822 
20,493 
Charge for the year
418 
10,052 
10,470 
On disposals
(885)
(12,332)
(13,217)
At 31 December 2024
204 
17,542 
17,746 
Net book value
At 31 December 2024
1,628 
16,839 
18,467 
At 31 December 2023
294 
16,530 
16,824 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
704,151 
96,000 
Accrued income and prepayments
88,236 
59,299 
792,387 
155,299 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
151,153 
37,294 
Trade creditors
208,947 
- 
Taxes and social security
101,464 
28,166 
Other creditors
2,179 
3,793 
Accruals
135,562 
23,000 
Deferred income
132,101 
5,244 
731,406 
97,497 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
149,989 
149,989 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
112,222 Ordinary Shares of £0.001 each
112.22 
112.22 
- 6 -
POWER 365 SOLUTIONS LTD Notes to the Accounts for the year ended 31 December 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
34,426 
37,637 
Later than one year and not later than five years
14,362 
48,788 
48,788 
86,425 
10
Average number of employees
During the year the average number of employees was 15 (2023: 11).
- 7 -