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
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
POWER 365 SOLUTIONS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
18,467
16,824
Cash at bank and in hand
151,582
78,780
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)
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
POWER 365 SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
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
At 31 December 2024
1,628
16,839
18,467
At 31 December 2023
294
16,530
16,824
Amounts falling due within one year
Trade debtors
704,151
96,000
Accrued income and prepayments
88,236
59,299
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
101,464
28,166
Other creditors
2,179
3,793
Deferred income
132,101
5,244
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
149,989
149,989
Allotted, called up and fully paid:
112,222 Ordinary Shares of £0.001 each
112.22
112.22
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
10
Average number of employees
During the year the average number of employees was 15 (2023: 11).