Power Warehouse Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14346564

Power Warehouse Ltd

Filleted Unaudited Financial Statements

30 June 2025

Power Warehouse Ltd

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	216,090	161,196

Current assets

Stocks		430,359	453,384
Debtors	6	1,036,487	445,214
Cash at bank and in hand		517,689	228,914
		---------------	---------------
		1,984,535	1,127,512

Creditors: amounts falling due within one year	7	1,608,857	956,514
		---------------	---------------
Net current assets		375,678	170,998
		-----------	-----------
Total assets less current liabilities		591,768	332,194

Creditors: amounts falling due after more than one year	8	500,000	500,000

Provisions

Taxation including deferred tax	15,263	1,609
	-----------	-----------
Net assets/(liabilities)	76,505	( 169,415)
	-----------	-----------

Power Warehouse Ltd

Statement of Financial Position (continued)

30 June 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	76,405	( 169,515)
	----------	-----------
Shareholders funds/(deficit)	76,505	( 169,415)
	----------	-----------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 June 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 .

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr Tajinder Singh Sohal

Director

Company registration number: 14346564

Power Warehouse Ltd

Notes to the Financial Statements

Year ended 30 June 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 3 Houghton Street, Oldbury, Birmingham, United Kingdom.

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 The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) Disclosures in respect of each class of share capital have not been presented. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	10% straight line
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 3 ).

5. Tangible assets

	Short leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 July 2024	169,700	9,960	–	179,660
Additions	–	16,163	79,193	95,356
	-----------	----------	----------	-----------
At 30 June 2025	169,700	26,123	79,193	275,016
	-----------	----------	----------	-----------
Depreciation
At 1 July 2024	16,970	1,494	–	18,464
Charge for the year	16,970	3,694	19,798	40,462
	-----------	----------	----------	-----------
At 30 June 2025	33,940	5,188	19,798	58,926
	-----------	----------	----------	-----------
Carrying amount
At 30 June 2025	135,760	20,935	59,395	216,090
	-----------	----------	----------	-----------
At 30 June 2024	152,730	8,466	–	161,196
	-----------	----------	----------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,004,844	433,940
Prepayments	31,643	11,274
	---------------	-----------
	1,036,487	445,214
	---------------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,177,696	221,719
Corporation tax	33,068	–
Social security and other taxes	105,891	106,290
Director loan accounts	269,930	604,424
Accruals	16,150	7,650
Other creditors	6,122	16,431
	---------------	-----------
	1,608,857	956,514
	---------------	-----------

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

	2025	2024
	£	£
Other creditors	500,000	500,000
	-----------	-----------

Other creditors balance relates to the long term loan account owed to directors.

9. Directors' advances, credits and guarantees

The directors' loan account was not overdrawn during the current year.