Company Registration No. NI656601 (Northern Ireland)
Bann Power Limited
Unaudited accounts
for the year ended 31 October 2025
Bann Power Limited
Statement of financial position
as at 31 October 2025
Tangible assets
33,987
63,786
Cash at bank and in hand
2,149
17,480
Creditors: amounts falling due within one year
(92,350)
(133,972)
Net current assets
7,778
42,868
Total assets less current liabilities
41,765
106,654
Creditors: amounts falling due after more than one year
(23,425)
(36,153)
Called up share capital
100
100
Profit and loss account
18,240
70,401
Shareholders' funds
18,340
70,501
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2026 and were signed on its behalf by
David Woodend
Director
Company Registration No. NI656601
Bann Power Limited
Notes to the Accounts
for the year ended 31 October 2025
Bann Power Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI656601. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road , Belfast , BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The director believes that the company Bann Power Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of installation of electrical services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Inventories have been valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Bann Power Limited
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
71,734
96,834
4,177
172,745
At 31 October 2025
71,734
96,834
4,177
172,745
At 1 November 2024
58,048
48,142
2,769
108,959
Charge for the year
6,681
22,409
709
29,799
At 31 October 2025
64,729
70,551
3,478
138,758
At 31 October 2025
7,005
26,283
699
33,987
At 31 October 2024
13,686
48,692
1,408
63,786
Work in progress
17,000
20,000
Finished goods
3,000
3,000
Amounts falling due within one year
Trade debtors
33,669
104,511
Accrued income and prepayments
11,989
-
Other debtors
32,321
31,849
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,934
16,172
Trade creditors
17,342
14,012
Taxes and social security
25,966
23,373
Loans from directors
5,233
16,312
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
23,425
36,153
Bann Power Limited
Notes to the Accounts
for the year ended 31 October 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Included in debtors are amounts due from to connected companies of £16,908 (2024: £18,908)
11
Average number of employees
During the year the average number of employees was 1 (2024: 2).