Powell Performance Ltd - Period Ending 2020-04-30
Powell Performance Ltd - Period Ending 2020-04-30
Registration number:
Powell Performance Ltd
for the Year Ended 30 April 2020
Accountants & Business Advisors
237 Westcombe Hill
Blackheath
London
SE3 7DW
Powell Performance Ltd
Contents
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Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Powell Performance Ltd
Company Information
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Director |
Mr M Powell |
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Registered office |
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Accountants |
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Page 1 |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Powell Performance Ltd
for the Year Ended 30 April 2020
In accordance with your instructions, we have prepared the statutory accounts your approval for the year ended 30 April 2020 as set out on pages 3 to 5 from the company's accounting records and on the basis of information and explanations you have given to us.
You consider that Powell Performance Ltd is exempt from an audit for the year ended 30 April 2020. You have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the statutory accounts that give a true and fair view of the state of affairs of the company and of its results for the financial year.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.
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Accountants & Business Advisors
Blackheath
London
SE3 7DW
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Page 2 |
Powell Performance Ltd
(Registration number: 10729357)
Abridged Balance Sheet as at 30 April 2020
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Note |
2020 |
2019 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Page 3 |
Powell Performance Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2020
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Page 4 |
Powell Performance Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2020
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Share capital |
Allotted, called up and fully paid shares
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2020 |
2019 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Page 5 |