Company Registration No. 14372486 (England and Wales)
Power Accountants, Business And Tax Advisors Limited
Unaudited accounts
for the year ended 30 September 2024
Power Accountants, Business And Tax Advisors Limited
Unaudited accounts
Contents
Power Accountants, Business And Tax Advisors Limited
Company Information
for the year ended 30 September 2024
Director
Adam Christopher Owens
Company Number
14372486 (England and Wales)
Registered Office
71-75 Shelton Street
London
London
WC2H 9JQ
England
Power Accountants, Business And Tax Advisors Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
1,324
1,388
Creditors: amounts falling due within one year
(89,225)
(46,628)
Net current assets
39,182
10,003
Called up share capital
1
1
Profit and loss account
39,739
10,840
Shareholders' funds
39,740
10,841
For the year ending 30 September 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2025 and were signed on its behalf by
Adam Christopher Owens
Director
Company Registration No. 14372486
Power Accountants, Business And Tax Advisors Limited
Notes to the Accounts
for the year ended 30 September 2024
Power Accountants, Business And Tax Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 14372486. The registered office is 71-75 Shelton Street, London, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Income is recognised when it is earned, which is generally when services are delivered to the customer and the amount of revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, net of any VAT, discounts, rebates, or returns.
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Power Accountants, Business And Tax Advisors Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment
At 30 September 2024
1,118
Amounts falling due within one year
Accrued income and prepayments
675
675
Other debtors
121,125
48,575
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,497
14,491
Other creditors
56,235
12,587
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).