REGISTERED NUMBER: 08197024 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Powertec Utilities Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Murphy

REGISTERED OFFICE:

24 Countess Drive

Denton Burn

Newcastle upon Tyne

NE15 7BT

REGISTERED NUMBER:

08197024 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

5

2,050

2,411

CURRENT ASSETS

Debtors

6

116,089

129,754

Cash at bank

73

9,848

116,162

139,602

CREDITORS

Amounts falling due within one year

7

86,229

74,538

NET CURRENT ASSETS

29,933

65,064

TOTAL ASSETS LESS CURRENT LIABILITIES

31,983

67,475

CREDITORS

Amounts falling due after more than one year

8

31,903

37,364

NET ASSETS

80

30,111

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

79

30,110

SHAREHOLDERS' FUNDS

80

30,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

M A Murphy - Director

1.	STATUTORY INFORMATION

Powertec Utilities Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. This assumes that the company will continue to trade for the foreseeable future. In order to do so it relies on continued support from its directors, bank and creditors.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

at 15% on a reducing balance basis

Fixtures, fittings & equipment

at 15% on a reducing balance basis

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

4,166

DEPRECIATION

At 1 November 2023

1,755

Charge for year

361

At 31 October 2024

2,116

NET BOOK VALUE

At 31 October 2024

2,050

At 31 October 2023

2,411

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

2,100

36,217

Other debtors

30,534

27,488

Directors' current accounts

83,455

66,049

116,089

129,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

9,996

6,257

Trade creditors

1,391

119

Tax

46,530

40,996

Social security and other taxes

24,112

24,366

Accruals and deferred income

4,200

2,800

86,229

74,538

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans - 1-2 years

9,996

12,515

Bank loans - 2-5 years

21,907

24,849

31,903

37,364

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

M A Murphy

Balance outstanding at start of year

66,049

66,452

Amounts advanced

17,406

133,302

Amounts repaid

-

(133,705

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,455

66,049