POWERMAIN LIMITED Accounts filed on 30-11-2014

POWERMAIN LIMITED Accounts filed on 30-11-2014

POWERMAIN LIMITED - Company Information

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POWERMAIN LIMITED




Company Registration Number:
03440912 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st December 2013

End date: 30th November 2014

SUBMITTED

POWERMAIN LIMITED

Company Information
for the Period Ended 30th November 2014




Director: J D Miller
P A Whiteing
K I Miller
B M Gordon
Registered office: Unit 15 Hedgend Industrial Estate
Shuart Lane St. Nicholas At Wade
Birchington
Kent
CT7 0NB
Company Registration Number: 03440912 (England and Wales)

POWERMAIN LIMITED

Directors' Report Period Ended 30th November 2014

The directors present their report with the financial statements of the company for the period ended 30th November 2014

Principal activities
The principal activity of the company in the period under review was:
the supply and maintenance od secondary power generating equipment

Directors
The directors shown below have held office during the whole of the period from
01st December 2013 to 30th November 2014
J D Miller
P A Whiteing
K I Miller
B M Gordon

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 11 March 2015
And Signed On Behalf Of The Board By:

Name: J D Miller
Status: Director

POWERMAIN LIMITED

Profit and Loss Account

for the Period Ended 30th November 2014

Notes 2014
£		 2013
£
Turnover: 689,386 765,960
Cost of sales: 494,505 567,802
Gross profit or (loss): 194,881 198,158
Administrative expenses: , 190,936 175,521
Other operating income: - 3,826
Operating profit or (loss): 3,945 26,463
Interest receivable and similar income: 35 74
Interest payable and similar charges: 4,279 4,105
Profit or (loss) on ordinary activities before taxation: ( 299 ) 22,432
Profit or (loss) for the financial year: ( 299 ) 22,422

The notes form part of these financial statements

POWERMAIN LIMITED

Statement of total recognised gains and losses
30th November 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

POWERMAIN LIMITED

Balance sheet
As at 30th November 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 2 103,795 128,038
Total fixed assets: 103,795 128,038
Current assets
Stocks: 3 12,719 10,091
Debtors: 4 104,460 113,297
Cash at bank and in hand: 91,867 27,845
Total current assets: 209,046 151,233
Creditors: amounts falling due within one year 5 151,094 94,696
Net current assets (liabilities): 57,952 56,537
Total assets less current liabilities: 161,747 184,575
Creditors: amounts falling due after more than one year: 6 21,476 44,005
Total net assets (liabilities): 140,271 140,570

The notes form part of these financial statements

POWERMAIN LIMITED

Balance sheet
As at 30th November 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 7 600 600
Profit and Loss account: 8 139,671 139,970
Total shareholders funds: 140,271 140,570

For the year ending 30 November 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 11 March 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: J D Miller
Status: Director

The notes form part of these financial statements

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention and in accordance with applicable Accounting Standards in the United Kingdom.

    Turnover policy

    Turnover represents the net invoiced value of goods and services provided stated net of Value Added Tax

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of tangible fixed assets over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are: plant and equipment 25% on reducing balance; office equipment 25% on reducing balance; motor vehicles 25% on reducing balance.

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st December 2013: - 152,058 - 21,184 75,941 249,183
    Additions: - 8,403 - 380 2,633 11,416
    Disposals: - 1,300 - - 5,495 6,795
    At 30th November 2014: - 159,161 - 21,564 73,079 253,804
    Depreciation
    At 01st December 2013: - 69,825 - 17,234 34,086 121,145
    Charge for year: - 21,140 - 1,027 10,577 32,744
    On disposals: - 160 - - 3,720 3,880
    At 30th November 2014: - 90,805 - 18,261 40,943 150,009
    Net book value
    At 30th November 2014: - 68,356 - 3,303 32,136 103,795
    At 30th November 2013: - 82,233 - 3,950 41,855 128,038

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 3. Stocks

    2014 2013
    £ £
    Stocks of raw materials and consumables: 7,585 7,785
    Work in progress: 1,411 2,306
    Finished goods and goods for resale: 3,723 -
    Total: 12,719 10,091

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 4. Debtors

    2014 2013
    £ £
    Trade debtors: 81,887 86,473
    Prepayments and accrued income: 22,573 26,824
    Total: 104,460 113,297

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 5. Creditors: amounts falling due within one year

    2014 2013
    £ £
    Amounts due under finance leases and hire purchase contracts: 21,076 29,029
    Trade creditors: 73,608 39,676
    Taxation and social security: 26,245 24,284
    Accruals and deferred income: 23,000 -
    Other creditors: 7,165 1,707
    Total: 151,094 94,696

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 6. Creditors: amounts falling due after more than one year

    2014 2013
    £ £
    Amounts due under finance leases and hire purchase contracts: 21,476 44,005
    Total: 21,476 44,005

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 600 1.00
    1.00
    		600
    Total share capital: 600
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 600 1.00
    1.00
    		600
    Total share capital: 600

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 8. Profit and loss account

    2014 2013
    £ £
    Opening balance: 139,970 123,548
    Profit or (loss) for the period: ( 299 ) 22,422
    Equity dividends paid: 0 6,000
    Retained profit: 139,671 139,970