REGISTERED NUMBER: SC377917 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2023 TO 31 DECEMBER 2024

FOR

POWERED BY INTEGRA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M S Butchart

REGISTERED OFFICE:

2nd Floor Thistle House

24 Thistle Street

Aberdeen

AB10 1XD

REGISTERED NUMBER:

SC377917 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Intangible assets

4

-

272,250

Tangible assets

5

-

2,160

-

274,410

CURRENT ASSETS

Debtors

6

-

252,320

Cash at bank and in hand

3,403

124,327

3,403

376,647

CREDITORS

Amounts falling due within one year

7

6,000

934,997

NET CURRENT LIABILITIES

(2,597

)

(558,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,597

)

(283,940

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,599

)

(283,942

)

(2,597

)

(283,940

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 23 December 2025 and were signed by:

M S Butchart - Director

1.	STATUTORY INFORMATION

Powered By Integra Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 4 years

Plant and machinery etc

-

Straight line over 3 years

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company ceased on 1 April 2024. Adjustments have been made to write down the value of assets and adjust liabilities where applicable to reflect the financial statements being prepared on a basis other than going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2023

600,000

171,129

771,129

Disposals

(600,000

)

(171,129

)

(771,129

)

At 31 December 2024

-

-

-

AMORTISATION

At 1 July 2023

330,000

168,879

498,879

Eliminated on disposal

(330,000

)

(168,879

)

(498,879

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 30 June 2023

270,000

2,250

272,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2023

5,640

3,201

72,227

81,068

Disposals

(5,640

)

(3,201

)

(72,227

)

(81,068

)

At 31 December 2024

-

-

-

-

DEPRECIATION

At 1 July 2023

5,640

3,201

70,067

78,908

Eliminated on disposal

(5,640

)

(3,201

)

(70,067

)

(78,908

)

At 31 December 2024

-

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

-

At 30 June 2023

-

-

2,160

2,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

£

£

Trade debtors

-

1,620

Other debtors

-

250,700

-

252,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

£

£

Trade creditors

-

94,415

Amounts owed to group undertakings

-

774,935

Taxation and social security

-

55,754

Other creditors

6,000

9,893

6,000

934,997

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

30.6.23

£

£

Within one year

-

28,255

Between one and five years

-

50,814

-

79,069

9.	RELATED PARTY DISCLOSURES

Included in creditors amounts of £nil (2023: £774,935) in respect of balances from/to group companies.

Group loan balances payable of £247,520 have been written off during the period.