POWERS AND COMPANY (2000) LI - Accounts 2014

POWERS AND COMPANY (2000) LI - Accounts 2014

POWERS AND COMPANY (2000) LIMITED - Company Information

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  POWERS AND COMPANY (2000) LTD
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE PERIOD ENDED 30 APRIL 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-4 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
  POWERS AND COMPANY (2000) LTD
  Company registered number: 06543104
  ABBREVIATED BALANCE SHEET
  AT 30 April 2014
           
    Note 2014 2013
      £ £ £
  FIXED ASSETS
  Intangible assets 2 27,000 30,000
  Tangible Assets 3 113 226
      27,113 30,226
         
  CURRENT ASSETS
  Debtors falling due within one year   - -
  Cash at bank and in hand   2,245 7,984
      2,245 7,984
  CREDITORS: Amounts falling due within one year   22,652 32,944
  NET CURRENT LIABILITIES   (20,407) (24,960)
  NET ASSETS   £6,706 £5,266
       
  CAPITAL AND RESERVES
  Called up share capital 4 1 1
  Profit and loss account   6,705 5,265
  SHAREHOLDERS' FUNDS   £6,706 £5,266
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the period in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 27 January 2015
 
 
         
  KB Powers FCA , Director
   
  The notes on pages 2 to 4 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE PERIOD ENDED 30 APRIL 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
       
       
1b. Intangible fixed assets: research and development
       
  Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Equipment Reducing balance 33%    
       
       
1d. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1e. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  POWERS AND COMPANY (2000) LTD
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE PERIOD ENDED 30 APRIL 2014
       
       
2. INTANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 April 2013 30,000 -
  Additions - 30,000
  At 30 April 2014 30,000 30,000
  Depreciation
       
  For the period 3,000 -
  At 30 April 2014 3,000 -
   
  Net Book Amounts
       
  At 30 April 2014 £27,000 £30,000
   
       
       
3. TANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 April 2013 339 -
  Additions - 339
  At 30 April 2014 339 339
   
  Depreciation
       
  At 1 April 2013 113 -
  For the period 113 113
  At 30 April 2014 226 113
   
  Net Book Amounts
       
  At 30 April 2014 £113 £226
   
       
       
4. SHARE CAPITAL 2014 2013
    £ £
  Allotted, issued and fully paid:
       
  1 Ordinary shares of £1 each £1 £1
   
  page 3
  POWERS AND COMPANY (2000) LTD
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE PERIOD ENDED 30 APRIL 2014
       
       
5. CONTROLLING PARTIES
       
  The company is under the control of the director, KB Powers, who owns 100% of the issued share capital.
       
       
6. RELATED PARTIES
       
  Except as set out elsewhere in these accounts, there were no transactions with the director, or other related parties, which require disclosure in terms of the Financial Reporting Standard for Smaller Entities.
  page 4