REGISTERED NUMBER: 12523861 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Powerline Contracting Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R Fadden

K D Livings

REGISTERED OFFICE:

Aeronfa Conwy Old Road

Dwygyfylchi

Penmaenmawr

LL34 6SP

REGISTERED NUMBER:

12523861 (England and Wales)

ACCOUNTANTS:

Summit Accountants Limited

M.01 Tomorrow

MediaCityUK

Salford

Greater Manchester

M50 2AB

FIXED ASSETS

Tangible assets

4

77,326

66,251

CURRENT ASSETS

Debtors

5

46,758

78,087

Cash at bank

37,611

9,547

84,369

87,634

CREDITORS

Amounts falling due within one year

6

64,527

88,959

NET CURRENT ASSETS/(LIABILITIES)

19,842

(1,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,168

64,926

CREDITORS

Amounts falling due after more than one year

7

(19,603

)

(6,638

)

PROVISIONS FOR LIABILITIES

(19,331

)

(16,563

)

NET ASSETS

58,234

41,725

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

58,231

41,722

58,234

41,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

R Fadden - Director

K D Livings - Director

1.	STATUTORY INFORMATION

Powerline Contracting 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statement 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

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, 20% on reducing balance and 20% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

123,890

Additions

36,915

Disposals

(3,600

)

At 31 March 2025

157,205

DEPRECIATION

At 1 April 2024

57,639

Charge for year

22,960

Eliminated on disposal

(720

)

At 31 March 2025

79,879

NET BOOK VALUE

At 31 March 2025

77,326

At 31 March 2024

66,251

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

30,774

66,334

Other debtors

15,984

11,753

46,758

78,087

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,613

24,607

Hire purchase contracts

2,012

6,037

Trade creditors

11,883

27,267

Taxation and social security

21,380

18,985

Other creditors

9,639

12,063

64,527

88,959

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

19,603

4,626

Hire purchase contracts

-

2,012

19,603

6,638

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025, the following amounts were owed by/(to) the Company to/(by) the Directors:

Director 1 = (£854)

Director 3 = £9,860

No formal repayment terms have been agreed.