POWERED NOW LTD


Directors	BARLING, Christopher David
	DYER, Benjamin James, Mr.


Registered Address	Cypress
	Thornley Drive
	Teignmouth
	TQ14 9JH


Registered Number	07647786 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		50,678		51,724
			50,678		51,724
Current assets
Debtors		77,433		142,293
Cash at bank and on hand		1,056,456		1,919,623
		1,133,889		2,061,916
Creditors amounts falling due within one year	4	(611,125)		(428,910)
Net current assets (liabilities)			522,764		1,633,006
Total assets less current liabilities			573,442		1,684,730
Creditors amounts falling due after one year	5		(545,000)		(516,750)
Net assets			28,442		1,167,980
Capital and reserves
Called up share capital			400		349
Share premium			6,309,524		6,307,995
Profit and loss account			(6,281,482)		(5,140,364)
Shareholders' funds			28,442		1,167,980

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 September 2025, and are signed on its behalf by:

BARLING, Christopher David
Director
Registered Company No. 07647786

POWERED NOW LTD

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)		Straight line (years)
	Office Equipment	3		3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		16

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 July 24	101,949	101,949
Additions	15,414	15,414
At 30 June 25	117,363	117,363
Depreciation and impairment
At 01 July 24	50,225	50,225
Charge for year	16,460	16,460
At 30 June 25	66,685	66,685
Net book value
At 30 June 25	50,678	50,678
At 30 June 24	51,724	51,724

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	95,996	111,481
Bank borrowings and overdrafts	18,258	-
Taxation and social security	65,884	33,835
Other creditors	1,237	47
Accrued liabilities and deferred income	429,750	283,547
Total	611,125	428,910


	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.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	545,000	516,750
Total	545,000	516,750