IRIS Accounts Production v26.1.10.61 07166486 Board of Directors 1.3.25 28.2.26 28.2.26 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07166486 2025-02-28 07166486 2026-02-28 07166486 2025-03-01 2026-02-28 07166486 2024-02-29 07166486 2024-03-01 2025-02-28 07166486 2025-02-28 07166486 ns15:EnglandWales 2025-03-01 2026-02-28 07166486 ns14:PoundSterling 2025-03-01 2026-02-28 07166486 ns10:Director1 2025-03-01 2026-02-28 07166486 ns10:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 07166486 ns10:SmallEntities 2025-03-01 2026-02-28 07166486 ns10:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 07166486 ns10:SmallCompaniesRegimeForDirectorsReport 2025-03-01 2026-02-28 07166486 ns10:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 07166486 ns10:FullAccounts 2025-03-01 2026-02-28 07166486 1 2025-03-01 2026-02-28 07166486 ns10:Director2 2025-03-01 2026-02-28 07166486 ns10:Director3 2025-03-01 2026-02-28 07166486 ns10:RegisteredOffice 2025-03-01 2026-02-28 07166486 ns5:CurrentFinancialInstruments 2026-02-28 07166486 ns5:CurrentFinancialInstruments 2025-02-28 07166486 ns5:Non-currentFinancialInstruments 2026-02-28 07166486 ns5:Non-currentFinancialInstruments 2025-02-28 07166486 ns5:ShareCapital 2026-02-28 07166486 ns5:ShareCapital 2025-02-28 07166486 ns5:RetainedEarningsAccumulatedLosses 2026-02-28 07166486 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 07166486 ns5:NetGoodwill 2025-03-01 2026-02-28 07166486 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-01 2026-02-28 07166486 ns5:NetGoodwill 2025-02-28 07166486 ns5:NetGoodwill 2026-02-28 07166486 ns5:NetGoodwill 2025-02-28 07166486 ns5:LandBuildings 2025-02-28 07166486 ns5:PlantMachinery 2025-02-28 07166486 ns5:MotorVehicles 2025-02-28 07166486 ns5:ComputerEquipment 2025-02-28 07166486 ns5:LandBuildings 2025-03-01 2026-02-28 07166486 ns5:PlantMachinery 2025-03-01 2026-02-28 07166486 ns5:MotorVehicles 2025-03-01 2026-02-28 07166486 ns5:ComputerEquipment 2025-03-01 2026-02-28 07166486 ns5:LandBuildings 2026-02-28 07166486 ns5:PlantMachinery 2026-02-28 07166486 ns5:MotorVehicles 2026-02-28 07166486 ns5:ComputerEquipment 2026-02-28 07166486 ns5:LandBuildings 2025-02-28 07166486 ns5:PlantMachinery 2025-02-28 07166486 ns5:MotorVehicles 2025-02-28 07166486 ns5:ComputerEquipment 2025-02-28 07166486 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-02-28 07166486 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 07166486 ns5:CurrentFinancialInstruments 2025-03-01 2026-02-28 07166486 ns5:Non-currentFinancialInstruments 2025-03-01 2026-02-28

REGISTERED NUMBER: 07166486 (England and Wales)

POWERCUT (WALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 9 |

| POWERCUT (WALES) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2026

| DIRECTORS: | S R Brown

| Mr M W E Rees

| Mrs L A Rees

| REGISTERED OFFICE: | Oaklands Mansion

| Cwmffrwd

| Carmarthen

| Carmarthenshire

| SA31 2ND

| REGISTERED NUMBER: | 07166486 (England and Wales)

| ACCOUNTANTS: | Bevan Buckland Ltd

| Ground Floor Cardigan House

| Castle Court

| Swansea Enterprise Park

| Swansea

| SA7 9LA

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

BALANCE SHEET

28 FEBRUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 380,287 |  | 427,822 |  |

Tangible assets | 5 | 560,679 |  | 584,437 |  |

940,966 |  | 1,012,259 |  |

CURRENT ASSETS

Stocks | 1,084,845 |  | 1,142,102 |  |

Debtors | 6 | 217,932 |  | 81,072 |  |

Prepayments and accrued income | - |  | 2,126 |  |

Cash at bank and in hand | 298,458 |  | 444,505 |  |

1,601,235 |  | 1,669,805 |  |

CREDITORS

Amounts falling due within one year | 7 | 607,050 |  | 698,345 |  |

NET CURRENT ASSETS | 994,185 |  | 971,460 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,935,151 |  | 1,983,719 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (173,222 | ) | (264,506 | ) |

PROVISIONS FOR LIABILITIES | (43,066 | ) | - |  |

NET ASSETS | 1,718,863 |  | 1,719,213 |  |

CAPITAL AND RESERVES

Called up share capital | 9,700 |  | 9,700 |  |

Retained earnings | 1,709,163 |  | 1,709,513 |  |

1,718,863 |  | 1,719,213 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

BALANCE SHEET - continued

28 FEBRUARY 2026

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 30 June 2026 and were signed on its behalf by:

S R Brown - Director

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1. | STATUTORY INFORMATION

| Powercut (Wales) Limited 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 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.

| Turnover is generated from the sale of agricultural equipment.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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.

| Tangible fixed assets

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

| Freehold property - 2% straight line on cost

| Plant and machinery - 25% on reducing balance

| Motor Vehicles - 25% on reducing balance

| Computer Equipment - 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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 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 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.

| 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.

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

2. | ACCOUNTING POLICIES - continued

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Other financial assets

| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Other financial liabilities

| Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

| Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

2. | ACCOUNTING POLICIES - continued

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash at bank and in hand

| Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Going Concern

| In assessing whether the financial statements can be prepared on a going concern basis, management has considered all available information about the future. After reviewing the Company’s forecasts and projections, which cover the 12-month period from the date of signing the financial statements, 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 and no significant judgments have been made in this regard.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2025 - 21 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2025

| and 28 February 2026 | 950,707 |  |

| AMORTISATION

| At 1 March 2025 | 522,885 |  |

| Charge for year | 47,535 |  |

| At 28 February 2026 | 570,420 |  |

| NET BOOK VALUE

| At 28 February 2026 | 380,287 |  |

| At 28 February 2025 | 427,822 |  |

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | Machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 March 2025 | 450,409 |  | 161,732 |  | 247,825 |  | 84,005 |  | 943,971 |  |

| Additions | - |  | 35,880 |  | - |  | 8,587 |  | 44,467 |  |

| Disposals | - |  | - |  | (33,250 | ) | - |  | (33,250 | ) |

| At 28 February 2026 | 450,409 |  | 197,612 |  | 214,575 |  | 92,592 |  | 955,188 |  |

| DEPRECIATION

| At 1 March 2025 | 54,039 |  | 124,903 |  | 113,171 |  | 67,421 |  | 359,534 |  |

| Charge for year | 9,008 |  | 10,908 |  | 32,613 |  | 4,832 |  | 57,361 |  |

| Eliminated on disposal | - |  | - |  | (22,386 | ) | - |  | (22,386 | ) |

| At 28 February 2026 | 63,047 |  | 135,811 |  | 123,398 |  | 72,253 |  | 394,509 |  |

| NET BOOK VALUE

| At 28 February 2026 | 387,362 |  | 61,801 |  | 91,177 |  | 20,339 |  | 560,679 |  |

| At 28 February 2025 | 396,370 |  | 36,829 |  | 134,654 |  | 16,584 |  | 584,437 |  |

| Included in tangible fixed assets are 4 assets held on hire purchase. The book value of these assets amounted to £65,885 (2025: £87,846).

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 201,112 |  | 80,312 |  |

| Other debtors | 16,820 |  | 760 |  |

217,932 |  | 81,072 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 18,475 |  | 14,334 |  |

| Hire purchase contracts | 34,227 |  | 26,074 |  |

| Trade creditors | 454,850 |  | 369,817 |  |

| Taxation and social security | 59,387 |  | 276,030 |  |

| Other creditors | 40,111 |  | 12,090 |  |

607,050 |  | 698,345 |  |

| Included in other creditors is a balance of £33,762 (2024: £28,762) owed to the directors by the company. This amount is interest free and repayable on demand.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans | 123,767 |  | 149,717 |  |

| Hire purchase contracts | 49,455 |  | 86,027 |  |

| Other creditors | - |  | 28,762 |  |

173,222 |  | 264,506 |  |

| POWERCUT (WALES) LIMITED (REGISTERED NUMBER: 07166486) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

2026 | 2025 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 64,724 |  | 83,884 |  |

| Included in other creditors is a balance of £5,000 (2025: £28,762 due more than one year) owed to the directors by the company. This amount is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

POWERCUT (WALES) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Powercut (Wales) Limited for the year ended 28 February 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Powercut (Wales) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Powercut (Wales) Limited and state those matters that we have agreed to state to the Board of Directors of Powercut (Wales) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Powercut (Wales) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Powercut (Wales) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Powercut (Wales) Limited. You consider that Powercut (Wales) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Powercut (Wales) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bevan Buckland Ltd

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

30 June 2026