Contents of the Financial Statements

for the Period Ended 28 February 2020

Balance sheet

As at 28 February 2020

The notes form part of these financial statements

Balance sheet statements

For the year ending 28 February 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 28 February 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

  Other accounting policies

  TaxationCurrent tax is recognised on taxable profit for the current and past periods. Current tax is measured atthe amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved taxlosses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax ismeasured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Group UndertakingOn-Power Electrical & Mechanical Ltd is a wholly owned subsidiary of On-Power Holdings Ltd whose registered office address is The Beeches, Stourbridge Road, Bridgnorth, Shropshire, United Kingdom, WV15 6AQ and registration number is 11180338.Going ConcernThe financial statements have been prepared on a going concern basis on the grounds that the company continues to be able to meet its liabilities as they fall due.

Notes to the Financial Statements

for the Period Ended 28 February 2020

• 2. Employees

  	2020	13 months to 28 February 2019
  Average number of employees during the period	21	17