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Registered number: 02133884
Power Computing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Lillian Gray Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02133884
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,429 17,814
14,429 17,814
CURRENT ASSETS
Stocks 5 40,181 30,869
Debtors 6 120,850 95,171
Cash at bank and in hand 35,216 56,353
196,247 182,393
Creditors: Amounts Falling Due Within One Year 7 (163,172 ) (123,750 )
NET CURRENT ASSETS (LIABILITIES) 33,075 58,643
TOTAL ASSETS LESS CURRENT LIABILITIES 47,504 76,457
Creditors: Amounts Falling Due After More Than One Year 8 (23,704 ) (28,572 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,418 ) (1,770 )
NET ASSETS 22,382 46,115
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 22,282 46,015
SHAREHOLDERS' FUNDS 22,382 46,115
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Julia Ianiri
Director
18/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Power Computing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02133884 . The registered office is 17 St John's Terrace, Kingsway, Bedford, England, MK42 9BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line over lease term
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:  4 (2024: 5)
4 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 20,636 97,652 1,890 120,178
As at 31 March 2025 20,636 97,652 1,890 120,178
Depreciation
As at 1 April 2024 9,904 90,980 1,480 102,364
Provided during the period 1,976 999 410 3,385
As at 31 March 2025 11,880 91,979 1,890 105,749
Net Book Value
As at 31 March 2025 8,756 5,673 - 14,429
As at 1 April 2024 10,732 6,672 410 17,814
5. Stocks
2025 2024
£ £
Materials 40,181 30,869
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 44,374 14,798
Prepayments and accrued income 4,597 4,107
Other debtors 10,000 10,000
Other debtor - 5,748
Other debtors - short term loan 61,879 60,518
120,850 95,171
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 84,225 29,122
Bank loans and overdrafts 8,515 13,566
Corporation tax 20,750 28,356
Other taxes and social security 3,169 3,192
VAT 16,101 13,835
Other creditors - Pension payable 169 171
Other creditors - Company credit card 6,115 11,664
Directors' loan accounts 2,161 328
Amounts owed to associates 21,967 23,516
163,172 123,750
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,704 28,572
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Antonio Ianiri 17,300 17,250
Mrs Julia Ianiri 17,300 17,250
Mr Tommaso Ianiri 30,000 34,500
11. Related Party Transactions
Cloud Geeks LtdA company controlled by the directors

Cloud Geeks Ltd

A company controlled by the directors

In creditors is an amount owing of £21,967 (2024 £23,516)
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