Power Contractors Partnership LLP

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

Registered number: OC370465

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		54,436		191,065

			54,436		191,065
CURRENT ASSETS
Debtors	5	250,714		106,326
Cash at bank and in hand		2,718		11,415

		253,432		117,741
Creditors: Amounts Falling Due Within One Year	6	(156,580 )		(245,933 )

NET CURRENT ASSETS (LIABILITIES)			96,852		(128,192 )

TOTAL ASSETS LESS CURRENT LIABILITIES			151,288		62,873

Creditors: Amounts Falling Due After More Than One Year	7		(13,750 )		-

NET ASSETS ATTRIBUTABLE TO MEMBERS			137,538		62,873

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		132,418		137,344

			132,418		137,344

Equity
Members' other interests
Members' capital		(29,232)		(108,823)
Other reserves		34,352		34,352

			5,120		(74,471)

			137,538		62,873

TOTAL MEMBERS' INTEREST
Amounts due from members			(1,792)		(3,135)
Loans and other debts due to members within one year			132,418		137,344
Members' other interests			5,120		(74,471)

			135,746		59,738

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Power Contractors Partnership LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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

On behalf of the members

Mr Mark Beaumont

Partner

01/09/2025

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

1. General Information

Power Contractors Partnership LLP is a limited liability partnership, incorporated in Northern Ireland, registered number OC370465 . The Registered Office is Unit 7, Office 3, Franklyn Court, Greave House Terrace, Lepton, HD8 0GB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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:

Plant & Machinery	Reducing balance 25%
Motor Vehicles	Reducing balance 25%
Fixtures & Fittings	Reducing balance 25%
Computer Equipment	Reducing balance 25%

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 LLP. 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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

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Power Contractors Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	48,327	222,229	500	2,140	273,196
Additions	-	68,045	-	-	68,045
Disposals	(48,327 )	(222,229 )	(500 )	(2,140 )	(273,196 )

As at 31 March 2025	-	68,045	-	-	68,045

Depreciation
As at 1 April 2024	22,916	56,848	428	1,939	82,131
Provided during the period	-	54,954	-	-	54,954
Disposals	(22,916 )	(98,193 )	(428 )	(1,939 )	(123,476 )

As at 31 March 2025	-	13,609	-	-	13,609

Net Book Value
As at 31 March 2025	-	54,436	-	-	54,436

As at 1 April 2024	25,411	165,381	72	201	191,065

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	248,922	97,000
Other debtors	1,792	9,326

	250,714	106,326

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	120,109	121,258
Other creditors	17,009	124,675
Taxation and social security	19,462	-

	156,580	245,933

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

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,750	-

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Power Contractors Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	-
Later than one year and not later than five years	13,750	-

	13,750	-

	13,750	-

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