Critical Power Solutions UK Ltd 10142703 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of power supply contractors Digita Accounts Production Advanced 6.30.9574.0 true 10142703 2023-10-01 2024-09-30 10142703 2024-09-30 10142703 core:CurrentFinancialInstruments 2024-09-30 10142703 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10142703 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10142703 core:FurnitureFittings 2024-09-30 10142703 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 10142703 core:MotorVehicles 2024-09-30 10142703 core:OtherPropertyPlantEquipment 2024-09-30 10142703 bus:SmallEntities 2023-10-01 2024-09-30 10142703 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10142703 bus:FilletedAccounts 2023-10-01 2024-09-30 10142703 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10142703 bus:RegisteredOffice 2023-10-01 2024-09-30 10142703 bus:Director1 2023-10-01 2024-09-30 10142703 bus:Director2 2023-10-01 2024-09-30 10142703 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10142703 bus:Agent1 2023-10-01 2024-09-30 10142703 core:ComputerEquipment 2023-10-01 2024-09-30 10142703 core:FurnitureFittings 2023-10-01 2024-09-30 10142703 core:LandBuildings 2023-10-01 2024-09-30 10142703 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10142703 core:MotorVehicles 2023-10-01 2024-09-30 10142703 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 10142703 core:PlantMachinery 2023-10-01 2024-09-30 10142703 core:UKTax 2023-10-01 2024-09-30 10142703 countries:EnglandWales 2023-10-01 2024-09-30 10142703 2023-09-30 10142703 core:FurnitureFittings 2023-09-30 10142703 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 10142703 core:MotorVehicles 2023-09-30 10142703 core:OtherPropertyPlantEquipment 2023-09-30 10142703 2022-10-01 2023-09-30 10142703 2023-09-30 10142703 core:CurrentFinancialInstruments 2023-09-30 10142703 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10142703 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 10142703 core:FurnitureFittings 2023-09-30 10142703 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 10142703 core:MotorVehicles 2023-09-30 10142703 core:OtherPropertyPlantEquipment 2023-09-30 10142703 core:UKTax 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 10142703

Critical Power Solutions UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Critical Power Solutions UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Critical Power Solutions UK Ltd

Company Information

Directors

B T Oates

J R Rowlands

Registered office

139a, Kempshott Lane
Kempshott
Basingstoke
Hampshire
RG22 5LE

Accountants

ASL Accountants 15 Millers Way
Houghton Regis
Dunstable
Bedfordshire
LU5 5FH

 

Critical Power Solutions UK Ltd

(Registration number: 10142703)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

11,449

164,562

Current assets

 

Stocks

6

2,000

10,900

Debtors

7

3,051

527

Cash at bank and in hand

 

438,388

422,099

 

443,439

433,526

Creditors: Amounts falling due within one year

8

(47,558)

(132,632)

Net current assets

 

395,881

300,894

Total assets less current liabilities

 

407,330

465,456

Creditors: Amounts falling due after more than one year

8

-

(62,196)

Provisions for liabilities

(2,290)

(2,785)

Net assets

 

405,040

400,475

Capital and reserves

 

Called up share capital

102

102

Retained earnings

404,938

400,373

Shareholders' funds

 

405,040

400,475

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

 

Critical Power Solutions UK Ltd

(Registration number: 10142703)
Balance Sheet as at 30 September 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

.........................................
B T Oates
Director

.........................................
J R Rowlands
Director

 
     
 

Critical Power Solutions UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
139a, Kempshott Lane
Kempshott
Basingstoke
Hampshire
RG22 5LE

These financial statements were authorised for issue by the Board on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Critical Power Solutions UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% on cost

Motor vehicles

25% on cost

Office equipment

33% on cost

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reduciing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities.

 

Critical Power Solutions UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded as advanced and net of transaction costs.

Interest expense is recognised on the basis of the interest charged and is included in interest payable.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Critical Power Solutions UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Taxation

Tax charged/(credited) in the income statement

2024
£

2023
£

Current taxation

UK corporation tax

25,246

20,920

UK corporation tax adjustment to prior periods

(17,908)

(125,299)

7,338

(104,379)

Deferred taxation

Arising from origination and reversal of timing differences

(496)

(326)

Tax expense/(receipt) in the income statement

6,842

(104,705)

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Cost or valuation

At 1 October 2023

170,000

10,238

11,924

11,765

Additions

-

705

-

2,000

Disposals

(170,000)

-

-

-

At 30 September 2024

-

10,943

11,924

13,765

Depreciation

At 1 October 2023

18,700

6,804

5,217

8,644

Charge for the year

-

1,561

1,676

1,281

Eliminated on disposal

(18,700)

-

-

-

At 30 September 2024

-

8,365

6,893

9,925

Carrying amount

At 30 September 2024

-

2,578

5,031

3,840

At 30 September 2023

151,300

3,434

6,707

3,121

 

Critical Power Solutions UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Total
£

Cost or valuation

At 1 October 2023

203,927

Additions

2,705

Disposals

(170,000)

At 30 September 2024

36,632

Depreciation

At 1 October 2023

39,365

Charge for the year

4,518

Eliminated on disposal

(18,700)

At 30 September 2024

25,183

Carrying amount

At 30 September 2024

11,449

At 30 September 2023

164,562

Included within the net book value of land and buildings above is £Nil (2023 - £151,300) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

2,000

10,900

7

Debtors

Current

2024
£

2023
£

Other debtors

3,051

527

 

3,051

527

 

Critical Power Solutions UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

25,250

Trade creditors

 

2,338

50,718

Taxation and social security

 

25,246

42,313

Accruals and deferred income

 

2,000

2,000

Other creditors

 

17,974

12,351

 

47,558

132,632

Creditors include a bank loan which is secured of £nil (2023- £15,250).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

-

62,196

Creditors include a bank loan which is secured of £nil (2023 - £62,196)

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,137 (2023 - £3,006). This represents the liability arising on non-cancellable operating leases.