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REGISTERED NUMBER: 12259737 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 29 October 2024

for

POWER MECHANICAL AUTOMATION LTD

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)






Contents of the Financial Statements
for the Year Ended 29 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

POWER MECHANICAL AUTOMATION LTD

Company Information
for the Year Ended 29 October 2024







DIRECTOR: Mr P Moretti





REGISTERED OFFICE: Grove House
774 - 780 Wilmslow Road
Didsbury
Manchester
M20 2DR





REGISTERED NUMBER: 12259737 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Balance Sheet
29 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 87 102
Tangible assets 5 64,365 50,106
64,452 50,208

CURRENT ASSETS
Stocks 178,063 108,901
Debtors 6 545,960 330,987
Cash at bank and in hand 75,743 266,383
799,766 706,271
CREDITORS
Amounts falling due within one year 7 (405,400 ) (296,599 )
NET CURRENT ASSETS 394,366 409,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,818

459,880

CREDITORS
Amounts falling due after more than one
year

8

(49,334

)

(61,272

)

PROVISIONS FOR LIABILITIES 10 (15,775 ) (12,140 )
NET ASSETS 393,709 386,468

CAPITAL AND RESERVES
Called up share capital 211 211
Share premium 13,068 13,068
Retained earnings 380,430 373,189
393,709 386,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 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.

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Balance Sheet - continued
29 October 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 28 July 2025 and were signed by:





Mr P Moretti - Director


POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Notes to the Financial Statements
for the Year Ended 29 October 2024

1. STATUTORY INFORMATION

POWER MECHANICAL AUTOMATION LTD 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 20% on reducing balance and at varying rates on cost
Computer equipment - 20% 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.

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 11 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 30 October 2023
and 29 October 2024 6 142 148
AMORTISATION
At 30 October 2023 2 44 46
Amortisation for year 1 14 15
At 29 October 2024 3 58 61
NET BOOK VALUE
At 29 October 2024 3 84 87
At 29 October 2023 4 98 102

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 30 October 2023 79,087 7,681 86,768
Additions 24,692 6,340 31,032
At 29 October 2024 103,779 14,021 117,800
DEPRECIATION
At 30 October 2023 33,658 3,004 36,662
Charge for year 13,969 2,804 16,773
At 29 October 2024 47,627 5,808 53,435
NET BOOK VALUE
At 29 October 2024 56,152 8,213 64,365
At 29 October 2023 45,429 4,677 50,106

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 257,031 214,209
Other debtors 13,781 19,755
Payment on account 15,334 42,963
Prepayments 103,785 42,092
Accrued income 19,421 2,053
409,352 321,072

Amounts falling due after more than one year:
Amounts owed by related party 126,937 -
Directors' loan accounts 9,671 9,915
136,608 9,915

Aggregate amounts 545,960 330,987

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,021 8,106
Payments on account 65,050 82,889
Trade creditors 201,819 103,325
Tax 59,704 56,593
Social security and other taxes 17,331 5,725
VAT 27,346 8,915
Other creditors 3,500 -
Pension liability 613 553
Accrued expenses 20,016 7,949
Deferred income - 22,544
405,400 296,599

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,188 8,106
Bank loans - 2-5 years - 13,020
Amounts owed by related party 40,146 40,146
49,334 61,272

9. FINANCIAL INSTRUMENTS

Bank loans are initially measured at cost.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 15,775 12,140

Deferred
tax
£   
Balance at 30 October 2023 12,140
Accelerated capital allowances 3,635
Balance at 29 October 2024 15,775

POWER MECHANICAL AUTOMATION LTD (Registered number: 12259737)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 October 2024 and the period ended 29 October 2023:

2024 2023
£    £   
Mr P Moretti
Balance outstanding at start of year 9,915 (218 )
Amounts advanced 568 45,501
Amounts repaid (312 ) (35,368 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,171 9,915

12. RELATED PARTY DISCLOSURES

Chapel Grange Montessori Nursery Limited

A company in which Mr Paolo Moretti is a director


2024 2023
£    £   
Amount due to related party at the balance sheet date 40,146 40,146

Orbital Fabrication & Integration Services

A company in which Mr Paolo Moretti is a director


2024 2023
£    £   
Amount due from related party at the balance sheet date 126,937 -

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Moretti.

The ultimate controlling party is Mr P Moretti.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
POWER MECHANICAL AUTOMATION LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of POWER MECHANICAL AUTOMATION LTD for the year ended 29 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of POWER MECHANICAL AUTOMATION LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of POWER MECHANICAL AUTOMATION LTD and state those matters that we have agreed to state to the director of POWER MECHANICAL AUTOMATION LTD in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than POWER MECHANICAL AUTOMATION LTD and its director for our work or for this report.

It is your duty to ensure that POWER MECHANICAL AUTOMATION LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of POWER MECHANICAL AUTOMATION LTD. You consider that POWER MECHANICAL AUTOMATION LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of POWER MECHANICAL AUTOMATION LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................