POWER DATA ASSOCIATES LTD

Company Registration Number:
04711888 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

POWER DATA ASSOCIATES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

POWER DATA ASSOCIATES LTD

Balance sheet

As at 31 December 2024


Notes
2024
9 months to 31 December 2023


£
£
Fixed assets
Intangible assets: 3 630,165 536,219
Tangible assets: 4 0 1,645
Total fixed assets: 630,165 537,864
Current assets
Debtors: 5 418,370 42,182
Cash at bank and in hand: 964,078 809,766
Total current assets: 1,382,448 851,948
Creditors: amounts falling due within one year:   (541,994) (494,203)
Net current assets (liabilities): 840,454 357,745
Total assets less current liabilities: 1,470,619 895,609
Provision for liabilities: (157,541) (90,123)
Total net assets (liabilities): 1,313,078 805,486
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 1,313,058 805,466
Shareholders funds: 1,313,078 805,486

The notes form part of these financial statements

POWER DATA ASSOCIATES LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: J M Cox
Status: Director

The notes form part of these financial statements

POWER DATA ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: The amount of revenue can be measured reliably; It is probable that the company will receive the consideration due under the contract; The stage of completion of the contract at the end of the reporting period can be measured reliably; and The costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Plant and machinery - over 5 years Buildings - over 5 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

Intangible fixed assets and amortisation policy

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

POWER DATA ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 9 months to 31 December 2023
Average number of employees during the period 6 8

POWER DATA ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 976,661
Additions 223,227
At 31 December 2024 1,199,888
Amortisation
At 01 January 2024 440,442
Charge for year 129,281
At 31 December 2024 569,723
Net book value
At 31 December 2024 630,165
At 31 December 2023 536,219

POWER DATA ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 96,935
At 31 December 2024 96,935
Depreciation
At 01 January 2024 95,290
Charge for year 1,645
At 31 December 2024 96,935
Net book value
At 31 December 2024 0
At 31 December 2023 1,645

POWER DATA ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 9 months to 31 December 2023
££
Debtors due after more than one year: 418,370 42,182