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REGISTERED NUMBER: 03455224 (England and Wales)















POWERGRADE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWERGRADE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: K T Kantor
R S Kantor



SECRETARY: R S Kantor



REGISTERED OFFICE: Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL



BUSINESS ADDRESS: 2, Curriers Close
Charter Avenue Industrial Estate
Coventry
West Midlands
CV4 8AW



REGISTERED NUMBER: 03455224 (England and Wales)



ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL



BANKERS: Lloyds TSB Bank plc
30 High Street
Coventry
CV1 5RA

POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 484,562 501,039
484,563 501,040

CURRENT ASSETS
Stocks 405,928 402,821
Debtors 6 189,045 185,696
Cash at bank and in hand 146,436 166,408
741,409 754,925
CREDITORS
Amounts falling due within one year 7 190,530 254,303
NET CURRENT ASSETS 550,879 500,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,442

1,001,662

CREDITORS
Amounts falling due after more than one
year

8

(299,859

)

(331,764

)

PROVISIONS FOR LIABILITIES (32,141 ) (14,822 )

ACCRUALS AND DEFERRED INCOME (2,768 ) (3,460 )
NET ASSETS 700,674 651,616

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 700,574 651,516
SHAREHOLDERS' FUNDS 700,674 651,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:




R S Kantor - Director



K T Kantor - Director


POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Powergrade 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue may be recognised over time as the services are performed, based on a percentage of completion or other appropriate method.

Goodwill
Goodwill is recognized as the excess cost of an acquired entity over the net amount assigned to assets acquired and liabilities assumed. Goodwill is not amortized, but rather tested for impairment on an annual basis and more often if circumstances require. Impairment losses are recognized whenever the implied fair value of goodwill is less than its carrying value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 372,490 825,954 17,023
Additions - 25,444 128
Disposals - (11,048 ) (7,066 )
At 31 December 2024 372,490 840,350 10,085
DEPRECIATION
At 1 January 2024 37,719 672,303 15,747
Charge for year 3,844 35,636 271
Eliminated on disposal - (10,135 ) (7,017 )
At 31 December 2024 41,563 697,804 9,001
NET BOOK VALUE
At 31 December 2024 330,927 142,546 1,084
At 31 December 2023 334,771 153,651 1,276

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 11,248 55,043 1,281,758
Additions - 2,101 27,673
Disposals - (974 ) (19,088 )
At 31 December 2024 11,248 56,170 1,290,343
DEPRECIATION
At 1 January 2024 4,921 50,029 780,719
Charge for year 1,582 1,752 43,085
Eliminated on disposal - (871 ) (18,023 )
At 31 December 2024 6,503 50,910 805,781
NET BOOK VALUE
At 31 December 2024 4,745 5,260 484,562
At 31 December 2023 6,327 5,014 501,039

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 158,587 155,268
Other debtors 30,458 30,428
189,045 185,696

POWERGRADE LIMITED (REGISTERED NUMBER: 03455224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 31,245 51,017
Trade creditors 64,160 136,002
Taxation and social security 32,967 21,247
Other creditors 62,158 46,037
190,530 254,303

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 100,586 131,831
Other creditors 199,273 199,933
299,859 331,764

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
5 years 2,138 27,184
2,138 27,184

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 16,244 16,244
Between one and five years 31,134 47,377
47,378 63,621

10. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 131,831 182,848

Lloyds Bank PLC hold a debenture dated 17th December 2014 in respect of all monies due or to become due from the company whatsoever in the form of a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and plant and machinery.