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COMPANY REGISTRATION NUMBER: 04545452
Powerpulse Products Ltd
Filleted Unaudited Financial Statements
31 October 2024
Powerpulse Products Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
12,280
21,408
Current assets
Stocks
13
13
Debtors
6
84,955
125,384
Cash at bank and in hand
9,831
17,890
--------
---------
94,799
143,287
Creditors: amounts falling due within one year
7
93,966
125,273
--------
---------
Net current assets
833
18,014
--------
--------
Total assets less current liabilities
13,113
39,422
--------
--------
Net assets
13,113
39,422
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
13,111
39,420
--------
--------
Shareholders funds
13,113
39,422
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Powerpulse Products Ltd
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
Mrs J Sosta
Director
Company registration number: 04545452
Powerpulse Products Ltd
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sprawls Farm, Bures Road, West Bergholt, Colchester, Essex, CO6 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvement amortisation
-
10% straight line
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 8 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 November 2023
30,460
93,570
17,206
93,949
235,185
Additions
1,060
508
1,618
3,186
--------
--------
--------
--------
---------
At 31 October 2024
30,460
94,630
17,714
95,567
238,371
--------
--------
--------
--------
---------
Depreciation
At 1 November 2023
26,743
85,643
16,347
85,044
213,777
Charge for the year
3,046
3,209
746
5,313
12,314
--------
--------
--------
--------
---------
At 31 October 2024
29,789
88,852
17,093
90,357
226,091
--------
--------
--------
--------
---------
Carrying amount
At 31 October 2024
671
5,778
621
5,210
12,280
--------
--------
--------
--------
---------
At 31 October 2023
3,717
7,927
859
8,905
21,408
--------
--------
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
( 9,419)
( 2,567)
Other debtors
94,374
127,951
--------
---------
84,955
125,384
--------
---------
Other debtors : Prepayments and VAT & Secured loans given
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,110
1,510
Social security and other taxes
3,684
3,197
Other creditors
88,172
120,566
--------
---------
93,966
125,273
--------
---------
Other Creditors:- Directors current accounts and Accruals and Loans taken
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
Mrs J Sosta
( 2,386)
( 27,447)
Mr P Sosta
( 31,380)
( 38,759)
--------
--------
( 33,766)
( 66,206)
--------
--------
9. Related party transactions
The company was under the control of the directors Mr P & Mrs J Sosta throughout the current and previous year.The directors consider the the company has no ultimate controlling party. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.