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REGISTERED NUMBER: 04812290 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

POWERTOOLS PLUS LIMITED

POWERTOOLS PLUS LIMITED (REGISTERED NUMBER: 04812290)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWERTOOLS PLUS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: P D Machin





REGISTERED OFFICE: The Old Chapel
Chaworth Road
Colwick
Nottinghamshire
NG4 2FZ





REGISTERED NUMBER: 04812290 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co Ltd
Chartered Accountants & Business Advisers
52A Westgate
Southwell
Nottinghamshire
NG25 0JX

POWERTOOLS PLUS LIMITED (REGISTERED NUMBER: 04812290)

BALANCE SHEET
30 June 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,789 17,053

CURRENT ASSETS
Stocks 60,000 75,000
Debtors 5 166,480 80,839
Cash at bank and in hand 98,467 138,707
324,947 294,546
CREDITORS
Amounts falling due within one year 6 186,126 169,404
NET CURRENT ASSETS 138,821 125,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,610

142,195

CREDITORS
Amounts falling due after more than one
year

7

10,541

20,554
NET ASSETS 141,069 121,641

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 8 25,000 25,000
Retained earnings 8 116,066 96,638
SHAREHOLDERS' FUNDS 141,069 121,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

POWERTOOLS PLUS LIMITED (REGISTERED NUMBER: 04812290)

BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





P D Machin - Director


POWERTOOLS PLUS LIMITED (REGISTERED NUMBER: 04812290)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Powertools Plus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The company with the assistance and continued support of its director, bankers and creditors, together
with future expectations and a strong experienced management team in this business sector , believe it is
appropriate to adopt the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

POWERTOOLS PLUS LIMITED (REGISTERED NUMBER: 04812290)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 109,117
DEPRECIATION
At 1 July 2023 92,064
Charge for year 4,264
At 30 June 2024 96,328
NET BOOK VALUE
At 30 June 2024 12,789
At 30 June 2023 17,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 121,998 36,357
Other debtors 44,482 44,482
166,480 80,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 9,372 9,372
Trade creditors 88,931 94,864
Corporation tax 15,269 10,588
Social security and other taxes 945 953
VAT 14,036 5,223
Other creditors 201 1,322
Directors' current accounts 52,372 41,082
Accrued expenses 5,000 6,000
186,126 169,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 9,372 9,372
Bank loans - 2-5 years 1,169 11,182
10,541 20,554

POWERTOOLS PLUS LIMITED (REGISTERED NUMBER: 04812290)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 61,107 25,000 86,107
Prior year adjustment 35,531 35,531
96,638 121,638
Profit for the year 20,428 20,428
Dividends (1,000 ) (1,000 )
At 30 June 2024 116,066 25,000 141,066