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POWER SAVER ELECTRICAL SUPPLIES LIMITED - Company Information

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Power Saver Electrical Supplies Limited

Registered Number:03176958

For the year ended 30 April 2019

England and Wales

Unaudited Financial Statements

For the year ended 30 April 2019

Power Saver Electrical Supplies Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 April 2019

Power Saver Electrical Supplies Limited

Statement of Financial Position

Registered Number :

03176958

2018

2019

Notes

Fixed assets

Property, plant and equipment

145,708

159,395

145,708

159,395

Current assets

Inventories

668,217

686,386

Trade and other receivables

1,405,955

1,703,868

268,559

Cash and cash equivalents

118,982

2,509,236

2,342,731

Trade and other payables: amounts falling due within one

year

(812,722)

(708,962)

1,530,009

1,800,274

Net current assets

Total assets less current liabilities

1,945,982

1,689,404

(1,722)

Provisions for liabilities

1,944,260

Net assets

1,687,682

Capital and reserves

Called up share capital

Retained earnings

1,944,258

1,687,680

1,944,260

1,687,682

Shareholders' funds

For the year ended 30 April 2019 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 of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr David Brimblecombe Director

These financial statements were approved and authorised for issue by the Board on 29 April 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 30 April 2019

Power Saver Electrical Supplies Limited

Notes to the Financial Statements

Statutory Information

Power Saver Electrical Supplies Limited is a private limited company, limited by shares, domiciled in England and

Wales, registration number 03176958.

Registered address:

Unit 1 Burnham Close

Burnham Trading Park

Burnley

Lancashire

BB11 4AJ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 May 2018

6,000

At 30 April 2019

6,000

Amortisation

At 01 May 2018

6,000

At 30 April 2019

6,000

Net book value

At 30 April 2019

At 30 April 2018

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For the year ended 30 April 2019

Power Saver Electrical Supplies Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor Vehicles

Plant and

Machinery

Land and

Buildings

Cost or

valuation

At 01 May 2018

469,069

65,842

122,823

119,259

161,145

1,054

240

814

Additions

At 30 April 2019

120,073

122,823

66,082

470,123

161,145

Provision for depreciation and impairment

At 01 May 2018

309,674

47,480

90,806

117,661

53,727

Charge for year

14,741

2,790

8,004

724

3,223

At 30 April 2019

324,415

50,270

98,810

118,385

56,950

At 30 April 2019

Net book value

104,195

1,688

24,013

15,812

145,708

At 30 April 2018

107,418

1,598

32,017

18,362

159,395

4. Inventories

2018

2019

Stocks

686,386

668,217

5. Trade and other receivables

2018

2019

Trade debtors

500,091

497,584

Amounts owed by group undertakings and participating interests

625,188

366,000

Other debtors

578,589

542,371

1,405,955

1,703,868

The debtors above include the following amounts falling due after more than one year:

Other debtors

78,272

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For the year ended 30 April 2019

Power Saver Electrical Supplies Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

394,887

421,194

Taxation and social security

114,965

154,978

Other creditors

199,110

236,550

708,962

812,722

7. Related party transactions

During the year the company purchased goods to the value of £57,427 ( 2018 £65,113) from New Vision Lighting

Ltd, a Company wholly owned by the Parent Company Zodav Ltd.

8. Directors advances and guarantees

Loaned

Repaid

Interest

At 01/05/2018

At 30/04/2019

Mr David Brimblecombe

Current Account

439,472

483,400

150,528

119,000

12,400

439,472

483,400

150,528

119,000

12,400

9. Average number of persons employed

During the year the average number of employees was 27 (2018 : 27)

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