REGISTERED NUMBER: 03610198 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Powerite Contracting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J F G Stephens

SECRETARY:

Mrs J A Stephens

REGISTERED OFFICE:

31 Cavendish Road

Henleaze

Bristol

BS9 4EA

REGISTERED NUMBER:

03610198 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

6,422

6,224

CURRENT ASSETS

Stocks

205,789

81,744

Debtors

5

355,730

440,022

Cash at bank and in hand

385,459

380,411

946,978

902,177

CREDITORS

Amounts falling due within one year

6

377,489

373,021

NET CURRENT ASSETS

569,489

529,156

TOTAL ASSETS LESS CURRENT LIABILITIES

575,911

535,380

PROVISIONS FOR LIABILITIES

1,220

1,556

NET ASSETS

574,691

533,824

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

573,691

532,824

SHAREHOLDERS' FUNDS

574,691

533,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 13th October 2026 and were signed by:

Mr J F G Stephens - Director

1.	STATUTORY INFORMATION

Powerite Contracting 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.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Turnover

Turnover comprises amounts receivable for electrical installation and related services provided to customers during the year, stated net of value added tax, discounts and rebates. Turnover is recognised when the services have been provided and the Company has earned the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash & cash equivalents

Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility.

Critical judgements

In the application of the Company's accounting policies, which are described in note 1, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial period in which the estimate is revised if the revision affects only that financial period, or in the financial period of the revision and future financial periods if the revision affects both current and future financial periods.

The carrying value and useful economic lives of tangible fixed assets require estimation. The directors review the expected useful lives and residual values of assets annually and adjust depreciation rates where appropriate.

Going concern

The company is reliant on the support of its director and shareholders and having made appropriate enquiries, the director has considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the director has continued to adopt the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2025

43,468

Additions

2,103

At 31st March 2026

45,571

DEPRECIATION

At 1st April 2025

37,244

Charge for year

1,905

At 31st March 2026

39,149

NET BOOK VALUE

At 31st March 2026

6,422

At 31st March 2025

6,224

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

308,980

374,608

Other debtors

2,695

-

VAT

44,055

65,414

355,730

440,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

267,929

283,241

Tax

32,267

55,100

Social security and other taxes

12,832

12,819

Other creditors

62,144

18,053

Directors' current accounts

42

1,643

Accrued expenses

2,275

2,165

377,489

373,021

7.	LEASING AGREEMENTS

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

500

Ordinary

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1st April 2025

532,824

Profit for the year

100,867

Dividends

(60,000

)

At 31st March 2026

573,691

10.	CONTINGENT LIABILITIES

There were no contingent liabilities or capital commitments at the balance sheet date.

11.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with the director in the ordinary course of business. At 31 March 2026, the balance due to the director amounted to £42 (2025: £1,643). The balance is unsecured, interest free and repayable on demand.

12.	EVENTS AFTER BALANCE SHEET

There have been no events after the balance sheet date affecting the Company since the financial period.

13.	FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances

Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest.

Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest.

Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred.

Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously.