Powell Systems Limited - Period Ending 2021-01-31
Powell Systems Limited - Period Ending 2021-01-31
Registration number:
Powell Systems Limited
trading as
for the Year Ended 31 January 2021
Powell Systems Limited
trading as Powell Systems Ltd
Contents
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Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Powell Systems Limited
trading as Powell Systems Ltd
Company Information
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Directors |
Mr Ian Powell Mrs Penelope Anne Powell |
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Registered office |
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Accountants |
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Powell Systems Limited
trading as Powell Systems Ltd
(Registration number: 05340912)
Abridged Balance Sheet as at 31 January 2021
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2020 |
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Current assets |
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Cash at bank and in hand |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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For the financial year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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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Powell Systems Limited
trading as Powell Systems Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2021
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Share capital |
Allotted, called up and fully paid shares
Powell Systems Limited
trading as Powell Systems Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2021
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2021 |
2020 |
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No. |
£ |
No. |
£ |
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1 |
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1 |