Powisland Ltd - Filleted accounts

Powisland Ltd
Registered number:		09095973
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			9

Current assets
Debtors	4	145			145
Cash at bank and in hand		15,421			25,897
		15,566			26,042

Creditors: amounts falling due within one year	5	(7,665)			(20,753)

Net current assets			7,901			5,289

Net assets			7,901			5,298

Capital and reserves
Called up share capital			22			22
Profit and loss account			7,879			5,276

Shareholders' funds			7,901			5,298

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Floyd
Director
Approved by the board on 26 May 2026

Powisland Ltd
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover represents the value, net of value added tax, of services provided to customers.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates

	Office equipment	over 3 years
	Fixtures, fittings, tools and equipment	over 5 years

	Creditors
	Creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and Machinery
£
	Cost
	At 1 October 2024				2,448
	At 30 September 2025				2,448

	Depreciation
	At 1 October 2024				2,439
	Charge for the year				9
	At 30 September 2025				2,448

	Net book value
	At 30 September 2025				-
	At 30 September 2024				9


	[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]


4	Debtors		2025		2024
£				£

	Trade debtors		145		145


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Corporation tax		3,563		2,949
	Directors' loan accounts		4,102		17,804
			7,665		20,753


6	Other information

	Powisland Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	19 Limerick Rd
	Bristol BS6 7DY