Project Power Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08834154

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,092,985		4,107,451

			4,092,985		4,107,451
CURRENT ASSETS
Stocks	5	189,792		198,128
Debtors	6	728,184		739,896
Cash at bank and in hand		31,538		100,529

		949,514		1,038,553
Creditors: Amounts Falling Due Within One Year	7	(1,317,070 )		(1,154,551 )

NET CURRENT ASSETS (LIABILITIES)			(367,556 )		(115,998 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,725,429		3,991,453

Creditors: Amounts Falling Due After More Than One Year	8		(973,846 )		(1,567,318 )

NET ASSETS			2,751,583		2,424,135

CAPITAL AND RESERVES
Called up share capital	10		5		5
Share premium account			2,390,448		2,390,448
Profit and Loss Account			361,130		33,682

SHAREHOLDERS' FUNDS			2,751,583		2,424,135

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Project Power Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Wild

Director

11/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Project Power Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08834154 . The registered office is Unit F Crospenmaen Industrial Estate, Kendon Crumlin, Newport, NP11 3AG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight Line over Lifetime of Asset
Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Straight Line
Computer Equipment	25% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 21)

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Project Power Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 February 2024	71,834	5,717,830	602,937	70,460	6,463,061
Additions	27,161	634,770	91,380	6,023	759,334
Disposals	-	(65,251 )	-	-	(65,251 )
Revaluation	-	10,000	-	-	10,000

As at 31 January 2025	98,995	6,297,349	694,317	76,483	7,167,144

Depreciation
As at 1 February 2024	33,197	1,959,743	317,384	45,286	2,355,610
Provided during the period	28,319	564,497	107,355	18,378	718,549

As at 31 January 2025	61,516	2,524,240	424,739	63,664	3,074,159

Net Book Value
As at 31 January 2025	37,479	3,773,109	269,578	12,819	4,092,985

As at 1 February 2024	38,637	3,758,087	285,553	25,174	4,107,451

5. Stocks

	2025	2024
	£	£
Materials	189,792	198,128

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	626,899	585,462
Prepayments and accrued income	56,303	32,804
Other debtors	19,250	61
Directors' loan accounts	19,992	10,681

	722,444	629,008
Due after more than one year
Corporation tax recoverable assets	5,740	4,963
Amounts owed by group undertakings	-	105,925

	5,740	110,888

	728,184	739,896

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Project Power Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	670,775	534,921
Trade creditors	378,798	382,229
Other taxes and social security	31,948	30,696
VAT	27,696	140,605
Other creditors	108,978	33,064
Accruals and deferred income	51,835	33,036
Amounts owed to subsidiaries	47,040	-

	1,317,070	1,154,551

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	883,846	1,417,318
Other long term creditors	90,000	150,000

	973,846	1,567,318

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	670,775	534,921
Later than one year and not later than five years	883,846	1,417,318

	1,554,621	1,952,239

	1,554,621	1,952,239

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5	5

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