Powell Design Studio Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12201858

Powell Design Studio Ltd

Filleted Unaudited Financial Statements

31 March 2025

Powell Design Studio Ltd

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	63,415	57,546
Cash at bank and in hand		2,433	1,722
		--------	--------
		65,848	59,268

Creditors: amounts falling due within one year	6	58,605	8,669
		--------	--------
Net current assets		7,243	50,599
		-------	--------
Total assets less current liabilities		7,243	50,599

Creditors: amounts falling due after more than one year	7	1,667	54,167
		-------	--------
Net assets/(liabilities)		5,576	( 3,568)
		-------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	5,574	( 3,570)
	-------	-------
Shareholders funds/(deficit)	5,576	( 3,568)
	-------	-------

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 profit and loss has not been delivered.

For the year ending 31 March 2025 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 .

Powell Design Studio Ltd

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mrs A Powell

Director

Company registration number: 12201858

Powell Design Studio Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Daisybank House, 17 - 19 Leek Road, Cheadle, Stoke on Trent, ST10 1JE.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).

5. Debtors

	2025	2024
	£	£
Trade debtors	745	859
Amounts owed by group undertakings and undertakings in which the company has a participating interest	60,533	51,194
Other debtors	2,137	5,493
	--------	--------
	63,415	57,546
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	52,500	2,500
Trade creditors	857	1,100
Corporation tax	2,492	–
Other creditors	2,756	5,069
	--------	-------
	58,605	8,669
	--------	-------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,667	4,167
Other creditors	–	50,000
	-------	--------
	1,667	54,167
	-------	--------

The bank loan in favour of Starling Bank is unsecured.

8. Related party transactions

As at the year end, the company was owed £60,533 (2024: £51,194) by Powell Design & Construction Limited, a company in which the directors of Powell Design Studio Ltd are also directors. This amount is interest free and repayable on demand.