REGISTERED NUMBER: 02943672 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Morepower Limited

Trading as

'AQS'

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P.J. Price

REGISTERED OFFICE:

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

REGISTERED NUMBER:

02943672 (England and Wales)

ACCOUNTANTS:

Anser Solutions Ltd

Chartered Accountants

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Tangible assets

4

11,580

19,567

Investments

5

29,950

29,950

41,530

49,517

CURRENT ASSETS

Debtors

6

414,553

445,256

Cash at bank and in hand

440,881

413,095

855,434

858,351

CREDITORS

Amounts falling due within one year

7

210,321

264,678

NET CURRENT ASSETS

645,113

593,673

TOTAL ASSETS LESS CURRENT LIABILITIES

686,643

643,190

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

686,543

643,090

SHAREHOLDERS' FUNDS

686,643

643,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 October 2025 and were signed by:

P.J. Price - Director

1.	STATUTORY INFORMATION

Morepower 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.

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.

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.

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 160 (2023 - 163 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

173,992

Disposals

(28,929

)

At 31 December 2024

145,063

DEPRECIATION

At 1 January 2024

154,425

Charge for year

7,987

Eliminated on disposal

(28,929

)

At 31 December 2024

133,483

NET BOOK VALUE

At 31 December 2024

11,580

At 31 December 2023

19,567

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Artwork & paintings

29,950

29,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

159,832

77,223

Other debtors

254,721

368,033

414,553

445,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

6,319

8,645

Taxation and social security

63,828

87,668

Other creditors

140,174

168,365

210,321

264,678