Failsworth Power Solutions Limited 31/10/2025 iXBRL

Company registration number: 12987715

Failsworth Power Solutions Limited

Unaudited filleted financial statements

31 October 2025

Failsworth Power Solutions Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

Failsworth Power Solutions Limited

Directors and other information


	Directors	Mr D Ellis
		Mr P Higgins


	Company number	12987715


	Registered office	41 Brooks Drive
		Failsworth
		M35 0LZ


	Accountant	JP Gallagher & Co
		106 Moston Lane East
		Manchester
		M35 9BG

Failsworth Power Solutions Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Failsworth Power Solutions Limited

Year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Failsworth Power Solutions Limited for the year ended 31 October 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Failsworth Power Solutions Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Failsworth Power Solutions Limited and state those matters that we have agreed to state to the board of directors of Failsworth Power Solutions Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Failsworth Power Solutions Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Failsworth Power Solutions 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 Failsworth Power Solutions Limited. You consider that Failsworth Power Solutions Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Failsworth Power Solutions Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

JP Gallagher & Co

Chartered Certified Accountants

106 Moston Lane East

Manchester

M35 9BG

19 June 2026

Failsworth Power Solutions Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Current assets
Stocks		970		850
Debtors	6	14,327		34,759
Cash at bank and in hand		23,857		10,241
		_______		_______
		39,154		45,850
Creditors: amounts falling due
within one year	7	( 29,592)		( 37,216)
		_______		_______
Net current assets			9,562		8,634
			_______		_______
Total assets less current liabilities			9,562		8,634

			_______		_______
Net assets			9,562		8,634
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			9,462		8,534
			_______		_______
Shareholders funds			9,562		8,634
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 June 2026 , and are signed on behalf of the board by:

Mr D Ellis

Director

Company registration number: 12987715

Failsworth Power Solutions Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 41 Brooks Drive, Failsworth, M35 0LZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Staff costs

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	25,140	25,140
	_______	_______

5. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	71,000	32,000
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	14,327	34,759
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	20,831	12,832
Social security and other taxes	6,741	21,678
Other creditors	2,020	2,706
	_______	_______
	29,592	37,216
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D Ellis	( 728)	718	( 10)
	Mr P Higgins	( 728)	718	( 10)
		_______	_______	_______
		( 1,456)	1,436	( 20)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D Ellis	( 346)	( 382)	( 728)
	Mr P Higgins	( 346)	( 382)	( 728)
		_______	_______	_______
		( 692)	( 764)	( 1,456)
		_______	_______	_______