Registration number: 02107580

Ward Power Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

Ward Power Limited

Company Information

Directors

Mr Sunil Manohar Pai Kane Mr Atul Devidas Pai Kane Mr Jose Jeronimo Fernandes Mr Suchant Manohar Pai Kane Mr Alexander Reynolds

Company secretary

Mr Atul Devidas Pai Kane

Registered office

68 Nottingham Road, Eastwood, Nottingham NG16 3NQ

Auditors

Higson & Co (Nottingham) Limited Chartered Accountants White House Wollaton Street Nottingham NG1 5GF

Ward Power Limited

(Registration number: 02107580)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	201,977	214,931
Current assets
Stocks	6	240,022	285,304
Debtors	7	2,421,610	2,087,079
Cash at bank and in hand		213	140
		2,661,845	2,372,523
Creditors: Amounts falling due within one year	8	(900,243)	(858,425)
Net current assets		1,761,602	1,514,098
Total assets less current liabilities		1,963,579	1,729,029
Creditors: Amounts falling due after more than one year	8	(1,429,701)	(1,321,817)
Provisions for liabilities		(7,491)	(8,831)
Net assets		526,387	398,381
Capital and reserves
Called up share capital	9	47,500	47,500
Capital redemption reserve		47,500	47,500
Revaluation reserve		138,920	138,920
Retained earnings		292,467	164,461
Shareholders' funds		526,387	398,381

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 October 2026 and signed on its behalf by:
 

......................................... Mr Jose Jeronimo Fernandes Director

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
68 Nottingham Road,
Eastwood,
Nottingham
NG16 3NQ
England

The principal place of business is:
Wardpower Works
Wicker Lane
Sheffield
S3 8HQ

These financial statements were authorised for issue by the Board on 21 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of
the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the
respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary
items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long-term leasehold property	Straight line over the lease term
Plant and machinery	15% Reducing balance
Fixtures and fittings	15% Reducing balance
Computer equipment	3 years straight line and 5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 6).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	16,090	17,065

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	265,000	178,055	120,535	563,590
Additions	-	3,136	-	3,136
At 31 March 2026	265,000	181,191	120,535	566,726
Depreciation
At 1 April 2025	85,522	165,053	98,084	348,659
Charge for the year	7,568	5,154	3,368	16,090
At 31 March 2026	93,090	170,207	101,452	364,749
Carrying amount
At 31 March 2026	171,910	10,984	19,083	201,977
At 31 March 2025	179,478	13,002	22,451	214,931

Included within the net book value of land and buildings above is £171,910 (2025 - £179,478) in respect of freehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Other inventories	240,022	285,304

7

Debtors

Current	Note	2026 £	2025 £
Trade debtors		269,406	267,543
Amounts owed by related parties	11	1,500	1,500
Prepayments		26,810	26,142
Other debtors		2,123,894	1,791,894
		2,421,610	2,087,079

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	197,468	231,300
Trade creditors		348,550	344,789
Taxation and social security		100,691	63,484
Accruals and deferred income		10,069	9,725
Other creditors		243,465	209,127
		900,243	858,425

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	-	1,588
Other non-current financial liabilities		1,429,701	1,320,229
		1,429,701	1,321,817

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	15,000	15,000	15,000	15,000
Ordinary A of £1 each	23,750	23,750	23,750	23,750
Ordinary B of £1 each	8,750	8,750	8,750	8,750
	47,500	47,500	47,500	47,500

Ward Power Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	1,588

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,776	10,648
Bank overdrafts	195,692	220,652
	197,468	231,300

11	Related party transactions

The Company has taken advantage of the provisions of FRS102 s33.1A not to report transactions with fellow Group members wholly owned by the ultimate party undertaking.

Summary of transactions with parent

  The smallest group which prepares consolidated financial statements which include the assets and results of the Company as at 31 March 2026 is headed by Power Engineering (India) Pvt. Ltd; a company incorporated in India with a registered office of c/o Power Engineering (India) Pvt Ltd, Plot 58A. Tuem. Pernem, Goa 403512. India.

12 Auditors information

The auditor's report on the financial statements for the year ended 31 March 2026 was unqualified.

The audit report was signed on 28 May 2026 by Mrs Gillian Strickland FCA on behalf of Higson & Co (Nottingham) Limited.