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Powerlets Admin Services Limited

Registered Number
08223923
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Powerlets Admin Services Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

Vrahimi, Lukia

Registered Address

2 Palace Gates Road
London
N22 7BN

Registered Number

08223923 (England and Wales)
Powerlets Admin Services Limited
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets323,63126,446
23,63126,446
Current assets
Debtors14,6179,606
Cash at bank and on hand8516,202
14,70225,808
Creditors amounts falling due within one year4(30,257)(28,998)
Net current assets (liabilities)(15,555)(3,190)
Total assets less current liabilities8,07623,256
Creditors amounts falling due after one year(1,263)(18,338)
Provisions for liabilities(4,699)(4,699)
Net assets2,114219
Capital and reserves
Called up share capital22
Profit and loss account2,112217
Shareholders' funds2,114219
The financial statements were approved and authorised for issue by the Director on 16 June 2025, and are signed on its behalf by:
Vrahimi, Lukia
Director
Registered Company No. 08223923
Powerlets Admin Services Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Government grants or assistance
The Small Business Grant has been recognised as income in the period in which it becomes receivable. Coronavirus Job Retention Scheme Grants have been recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2334,699
At 30 September 2434,699
Depreciation and impairment
At 01 October 238,253
Charge for year2,815
At 30 September 2411,068
Net book value
At 30 September 2423,631
At 30 September 2326,446
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables209-
Taxation and social security8,3057,256
Other creditors12,84712,847
Accrued liabilities and deferred income8,8968,895
Total30,25728,998
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.