Registered number
13021352
POWER LAB CONSULTANCY LTD
Filleted Accounts
31 July 2025
POWER LAB CONSULTANCY LTD
Registered number: 13021352
Balance Sheet
as at 31 July 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,319 1,608
Current assets
Debtors 4 (1,686) 10,542
Cash at bank and in hand 29,957 3,454
28,271 13,996
Creditors: amounts falling due within one year 5 (13,662) (7,530)
Net current assets 14,609 6,466
Net assets 15,928 8,074
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,828 7,974
Shareholder's funds 15,928 8,074
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Suavi Hakki BAKICI
Director
Approved by the board on 7 August 2025
POWER LAB CONSULTANCY LTD
Notes to the Accounts
for the year ended 31 July 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 rendering of services. 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, at rates calculated to write off the cost, less estimated residual value, as follows:
Equipment 18% reducing balance method
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 August 2024 2,458
At 31 July 2025 2,458
Depreciation
At 1 August 2024 850
Charge for the year 289
At 31 July 2025 1,139
Net book value
At 31 July 2025 1,319
At 31 July 2024 1,608
4 Debtors 2025 2024
£ £
Trade debtors (83) 3,473
Other debtors (1,603) 7,069
(1,686) 10,542
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 51 -
Trade creditors 900 982
Taxation and social security costs 5,857 3,420
Other creditors 6,854 3,128
13,662 7,530
6 Other information
POWER LAB CONSULTANCY LTD is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
First Floor
London
W1W 7LT
POWER LAB CONSULTANCY LTD 13021352 false 2024-08-01 2025-07-31 2025-07-31 VT Final Accounts April 2024 Suavi Hakki BAKICI No description of principal activity 13021352 2023-08-01 2024-07-31 13021352 core:WithinOneYear 2024-07-31 13021352 core:ShareCapital 2024-07-31 13021352 core:RetainedEarningsAccumulatedLosses 2024-07-31 13021352 2024-08-01 2025-07-31 13021352 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 13021352 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 13021352 bus:Director40 2024-08-01 2025-07-31 13021352 1 2024-08-01 2025-07-31 13021352 2 2024-08-01 2025-07-31 13021352 core:PlantMachinery 2024-08-01 2025-07-31 13021352 countries:England 2024-08-01 2025-07-31 13021352 bus:FRS102 2024-08-01 2025-07-31 13021352 bus:FilletedAccounts 2024-08-01 2025-07-31 13021352 2025-07-31 13021352 core:WithinOneYear 2025-07-31 13021352 core:ShareCapital 2025-07-31 13021352 core:RetainedEarningsAccumulatedLosses 2025-07-31 13021352 core:PlantMachinery 2025-07-31 13021352 2024-07-31 13021352 core:PlantMachinery 2024-07-31 iso4217:GBP xbrli:pure