Registered number
01174701
Powdat Enamellers Limited
Filleted Accounts
31 March 2025
Powdat Enamellers Limited
Registered number: 01174701
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 74,360 94,558
Investments 4 626,428 639,722
700,788 734,280
Current assets
Stocks 90,390 54,733
Debtors 5 131,373 157,150
Investments held as current assets 6 429,449 355,011
Cash at bank and in hand 367,486 332,790
1,018,698 899,684
Creditors: amounts falling due within one year 7 (199,807) (178,843)
Net current assets 818,891 720,841
Total assets less current liabilities 1,519,679 1,455,121
Creditors: amounts falling due after more than one year 8 (88,620) (88,620)
Provisions for liabilities (18,590) (23,640)
Net assets 1,412,469 1,342,861
Capital and reserves
Called up share capital 200,000 200,000
Profit and loss account 1,212,469 1,142,861
Shareholders' funds 1,412,469 1,342,861
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C G Mather
Director
Approved by the board on 9 June 2025
Powdat Enamellers Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 25,543 661,808 123,626 810,977
At 31 March 2025 25,543 661,808 123,626 810,977
Depreciation
At 1 April 2024 24,998 592,117 99,304 716,419
Charge for the year 179 13,938 6,081 20,198
At 31 March 2025 25,177 606,055 105,385 736,617
Net book value
At 31 March 2025 366 55,753 18,241 74,360
At 31 March 2024 545 69,691 24,322 94,558
4 Investments
Other
investments
£
Cost
At 1 April 2024 639,722
Revaluation 17,666
Disposals (30,960)
At 31 March 2025 626,428
5 Debtors 2025 2024
£ £
Trade debtors 96,558 126,961
Other debtors 34,815 30,189
131,373 157,150
6 Investments held as current assets 2025 2024
£ £
Fair value
Unlisted investments 429,449 355,011
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 20,925 33,449
7 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 27,839 33,442
Director's loan 54,003 54,131
Taxation and social security costs 35,550 6,679
Other creditors 82,415 84,591
199,807 178,843
8 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 88,620 88,620
9 Controlling party
The company's controlling party was the director and majority shareholder, Mr C G Mather.
10 Other information
Powdat Enamellers Limited is a private company limited by shares and incorporated in England. Its registered office is:
20-26 Sanders Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4NL
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