REGISTERED NUMBER: 03610198 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

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

6,224

4,236

CURRENT ASSETS

Stocks

81,744

137,744

Debtors

5

440,022

184,582

Cash at bank and in hand

380,411

257,495

902,177

579,821

CREDITORS

Amounts falling due within one year

6

373,021

154,090

NET CURRENT ASSETS

529,156

425,731

TOTAL ASSETS LESS CURRENT LIABILITIES

535,380

429,967

PROVISIONS FOR LIABILITIES

1,556

956

NET ASSETS

533,824

429,011

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

532,824

428,011

SHAREHOLDERS' FUNDS

533,824

429,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 18th November 2025 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2024

40,144

Additions

3,324

At 31st March 2025

43,468

DEPRECIATION

At 1st April 2024

35,908

Charge for year

1,336

At 31st March 2025

37,244

NET BOOK VALUE

At 31st March 2025

6,224

At 31st March 2024

4,236

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

374,608

182,560

VAT

65,414

2,022

440,022

184,582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

283,241

94,047

Tax

55,100

26,668

Social security and other taxes

12,819

6,265

Other creditors

18,053

21,234

Directors' current accounts

1,643

4,076

Accrued expenses

2,165

1,800

373,021

154,090

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

500

Ordinary

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 1st April 2024

428,011

Profit for the year

164,813

Dividends

(60,000

)

At 31st March 2025

532,824