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REGISTERED NUMBER: 02220082 (England and Wales)










POWERBETTER DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 7


POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,590,226 1,385,170

CURRENT ASSETS
Stocks 1,153,803 1,077,695
Debtors 5 964,048 805,881
Cash at bank 266,470 561,976
2,384,321 2,445,552
CREDITORS
Amounts falling due within one year 6 1,704,002 2,003,177
NET CURRENT ASSETS 680,319 442,375
TOTAL ASSETS LESS CURRENT LIABILITIES 2,270,545 1,827,545

CREDITORS
Amounts falling due after more than one year 7 (226,005 ) (300,773 )

PROVISIONS FOR LIABILITIES (361,958 ) (346,293 )
NET ASSETS 1,682,582 1,180,479

CAPITAL AND RESERVES
Called up share capital 9 73 73
Capital redemption reserve 10 52 52
Retained earnings 10 1,682,457 1,180,354
SHAREHOLDERS' FUNDS 1,682,582 1,180,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

BALANCE SHEET - continued
31ST MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd June 2025 and were signed on its behalf by:





P D Ferguson - Director


POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Powerbetter Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02220082

Registered office: The Nookin
48 Leeds Road
Oulton
Leeds
LS26 8JY

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from ground remediation works is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work done.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings- Over the lease term
Plant and machinery- 25% reducing balance
Motor vehicles- 25% reducing balance
Office equipment- 33% reducing balance

Stocks
Stocks are stated 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 stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 average rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Leasing and hire purchase commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 38 ) .

POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st April 2024 58,698 1,852,476 570
Additions - 384,488 -
Exchange differences - (8,930 ) -
At 31st March 2025 58,698 2,228,034 570
DEPRECIATION
At 1st April 2024 47,077 543,893 197
Charge for year 726 188,876 123
Exchange differences - (4,294 ) -
At 31st March 2025 47,803 728,475 320
NET BOOK VALUE
At 31st March 2025 10,895 1,499,559 250
At 31st March 2024 11,621 1,308,583 373

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2024 60,678 85,690 2,058,112
Additions 34,755 1,216 420,459
Exchange differences (626 ) - (9,556 )
At 31st March 2025 94,807 86,906 2,469,015
DEPRECIATION
At 1st April 2024 22,258 59,517 672,942
Charge for year 11,378 9,038 210,141
Exchange differences - - (4,294 )
At 31st March 2025 33,636 68,555 878,789
NET BOOK VALUE
At 31st March 2025 61,171 18,351 1,590,226
At 31st March 2024 38,420 26,173 1,385,170


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 151,581 339,338
Other debtors 812,467 466,543
964,048 805,881

POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 52,778
Hire purchase contracts (see note 8) 242,114 234,294
Trade creditors 879,866 1,171,791
Amounts owed to related parties 19,396 177,783
Taxation and social security 532,999 289,923
Other creditors 19,627 76,608
1,704,002 2,003,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,666 11,667
Hire purchase contracts (see note 8) 224,339 289,106
226,005 300,773

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 242,114 234,294
Between one and five years 224,339 289,106
466,453 523,400

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 57,392 134,070
Between one and five years 69,109 28,146
126,501 162,216

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
53 Ordinary £1 53 53
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
73 73

POWERBETTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02220082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st April 2024 1,180,354 52 1,180,406
Profit for the year 640,503 640,503
Dividends (138,400 ) (138,400 )
At 31st March 2025 1,682,457 52 1,682,509