Pownall Associates Ltd - Accounts to registrar (filleted) - small 18.2

Pownall Associates Ltd - Accounts to registrar (filleted) - small 18.2

POWNALL ASSOCIATES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.3.2.199 06224972 director 1.5.18 30.4.19 30.4.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure062249722018-04-30062249722019-04-30062249722018-05-012019-04-30062249722017-04-30062249722017-05-012018-04-30062249722018-04-3006224972ns15:EnglandWales2018-05-012019-04-3006224972ns14:PoundSterling2018-05-012019-04-3006224972ns10:Director12018-05-012019-04-3006224972ns10:PrivateLimitedCompanyLtd2018-05-012019-04-3006224972ns10:SmallEntities2018-05-012019-04-3006224972ns10:AuditExemptWithAccountantsReport2018-05-012019-04-3006224972ns10:SmallCompaniesRegimeForDirectorsReport2018-05-012019-04-3006224972ns10:SmallCompaniesRegimeForAccounts2018-05-012019-04-3006224972ns10:FullAccounts2018-05-012019-04-3006224972ns10:RegisteredOffice2018-05-012019-04-3006224972ns5:CurrentFinancialInstruments2019-04-3006224972ns5:CurrentFinancialInstruments2018-04-3006224972ns5:ShareCapital2019-04-3006224972ns5:ShareCapital2018-04-3006224972ns5:RetainedEarningsAccumulatedLosses2019-04-3006224972ns5:RetainedEarningsAccumulatedLosses2018-04-3006224972ns5:PlantMachinery2018-04-3006224972ns5:PlantMachinery2018-05-012019-04-3006224972ns5:PlantMachinery2019-04-3006224972ns5:PlantMachinery2018-04-3006224972ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-04-3006224972ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-04-3006224972ns10:Director112018-04-3006224972ns10:Director112017-04-3006224972ns10:Director112018-05-012019-04-3006224972ns10:Director112017-05-012018-04-3006224972ns10:Director112019-04-3006224972ns10:Director112018-04-30


REGISTERED NUMBER: 06224972 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

POWNALL ASSOCIATES LTD
POWNALL ASSOCIATES LTD (REGISTERED NUMBER: 06224972)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

POWNALL ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2019







DIRECTOR: Miss A J Pownall





REGISTERED OFFICE: 144 Faraday Road
Wimbledon
London
SW19 8PB





REGISTERED NUMBER: 06224972 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
1
POWNALL ASSOCIATES LTD (REGISTERED NUMBER: 06224972)

BALANCE SHEET
30 April 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 646 862

CURRENT ASSETS
Debtors 5 73,770 28,077
Cash at bank 52,520 46,240
126,290 74,317
CREDITORS
Amounts falling due within one year 6 56,448 37,878
NET CURRENT ASSETS 69,842 36,439
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,488
37,301

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 70,487 37,300
70,488 37,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 on 27 January 2020 and were signed by:





Miss A J Pownall - Director


The notes form part of these financial statements

2
POWNALL ASSOCIATES LTD (REGISTERED NUMBER: 06224972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2019

1. STATUTORY INFORMATION

Pownall Associates Ltd 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.

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.

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 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2018
and 30 April 2019 1,236
DEPRECIATION
At 1 May 2018 374
Charge for year 216
At 30 April 2019 590
NET BOOK VALUE
At 30 April 2019 646
At 30 April 2018 862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 73,770 28,077

3
POWNALL ASSOCIATES LTD (REGISTERED NUMBER: 06224972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 52,610 27,106
Other creditors 3,838 10,772
56,448 37,878

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2019 and 30 April 2018:

2019 2018
£    £   
Miss A J Pownall
Balance outstanding at start of year 22,411 33,959
Amounts advanced 116,953 78,060
Amounts repaid (82,465 ) (89,608 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,899 22,411

During the year dividends of £67,500 were paid to the director.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss A J Pownall.

4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
POWNALL ASSOCIATES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not
required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Pownall Associates Ltd for the year ended 30 April 2019 which comprise the Income Statement, Balance Sheet,
Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations
you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pownall Associates Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pownall Associates Ltd and state those matters that we have agreed to state to the director of Pownall Associates Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pownall Associates Ltd and its director for our work or for this report.

It is your duty to ensure that Pownall Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pownall Associates Ltd. You consider that Pownall Associates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pownall Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................

This page does not form part of the statutory financial statements

5