Powerball Facilities Limited - Accounts

POWERBALL FACILITIES LIMITED - Company Information

Powerball Facilities Limited 12616913 business properties false 1 June 2021 12616913 2021-06-01 2022-05-31 12616913 2021-05-31 12616913 2022-05-31 12616913 2020-05-21 2021-05-31 12616913 2020-05-20 12616913 2021-05-31 12616913 frs102-bus:FRS102 2021-06-01 2022-05-31 12616913 frs102-bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 12616913 frs102-bus:FullAccounts 2021-06-01 2022-05-31 12616913 frs102-bus:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 12616913 frs102-core:CurrentFinancialInstruments 2022-05-31 12616913 frs102-core:CurrentFinancialInstruments 2021-05-31 12616913 frs102-core:ShareCapital 2022-05-31 12616913 frs102-core:ShareCapital 2021-05-31 12616913 frs102-core:RetainedEarningsAccumulatedLosses 2022-05-31 12616913 frs102-core:RetainedEarningsAccumulatedLosses 2021-05-31 12616913 frs102-bus:Director1 2021-06-01 2022-05-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	12616913

	Powerball Facilities Limited
	Unaudited Accounts
	for the year ended
	31 May 2022

Powerball Facilities Limited Balance Sheet as at 31 May 2022
	Notes		2022 £		2021 £
Current assets
Debtors		(61,288)		15,127
Creditors: amounts falling due within one year		((6,195))		(19,320)

Net current assets / (liabilities)			(55,093)		(4,193)

Total assets less current liabilities			(55,093)		(4,193)

Provisions for liabilities			(0)		(0)

Total net assets (liabilities)			(55,093)		(4,193)

Capital and reserves
Called up share capital			1		1
Profit and loss account			(55,094)		(4,194)
Shareholders' funds			(55,093)		(4,193)

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 May 2022 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.

Signed on behalf of the board of directors

...............................

Mr J Brudenell-bruce

Director

Approved by the board on 16 March 2023

Company Number: 12616913 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit 1 , Elliott Industrial Park
Eastern Road
Aldershot
GU12 4TF
England

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

	Leases and hire purchase contracts
	At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £253,706

	Lease incentives
	Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Employees
	2022	2021
Average number of employees during the period	0	0

3.	Related party disclosures
	Controlling party Powerball Facilities Limited is a wholly owned subsidiary of Leisuredyne Limited. The ultimate controlling party is John Brudenell Bruce.