REGISTERED NUMBER: 04396165 (England and Wales)

POWERFLEX BATTERIES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Lowndes

REGISTERED OFFICE:

Unit 19

Rumer Hill Business Estate

Rumer Hill Road

Cannock

Staffordshire

WS11 0ET

REGISTERED NUMBER:

04396165 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

603,364

535,358

CURRENT ASSETS

Stocks

625,547

633,145

Debtors

5

419,168

564,175

Cash at bank and in hand

155,122

127,176

1,199,837

1,324,496

CREDITORS

Amounts falling due within one year

6

938,986

1,086,909

NET CURRENT ASSETS

260,851

237,587

TOTAL ASSETS LESS CURRENT LIABILITIES

864,215

772,945

PROVISIONS FOR LIABILITIES

140,916

121,681

NET ASSETS

723,299

651,264

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

723,198

651,163

SHAREHOLDERS' FUNDS

723,299

651,264

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2025 and were signed by:

J A Lowndes - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Hire

to

Plant and

Equipment

property

machinery

£

£

£

COST

At 1 April 2024

791,718

26,372

157,710

Additions

228,868

-

8,525

Disposals

(86,674

)

-

-

At 31 March 2025

933,912

26,372

166,235

DEPRECIATION

At 1 April 2024

391,794

8,796

103,249

Charge for year

53,230

2,059

15,208

At 31 March 2025

445,024

10,855

118,457

NET BOOK VALUE

At 31 March 2025

488,888

15,517

47,778

At 31 March 2024

399,924

17,576

54,461

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

105,731

72,197

76,958

1,230,686

Additions

549

-

3,178

241,120

Disposals

-

-

-

(86,674

)

At 31 March 2025

106,280

72,197

80,136

1,385,132

DEPRECIATION

At 1 April 2024

65,055

64,995

61,439

695,328

Charge for year

9,971

1,800

4,172

86,440

At 31 March 2025

75,026

66,795

65,611

781,768

NET BOOK VALUE

At 31 March 2025

31,254

5,402

14,525

603,364

At 31 March 2024

40,676

7,202

15,519

535,358

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

413,775

540,571

Other debtors

5,393

23,604

419,168

564,175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

250,962

104,367

Social security and other taxes

303,236

316,487

Other creditors

216,815

557,544

Accrued expenses

167,973

108,511

938,986

1,086,909

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

54,625

53,175

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr J Lowndes by virtue of his majority shareholding.