POWERNETS (UK) LIMITED

POWERNETS (UK) LIMITED

POWERNETS (UK) LIMITED - Company Information

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POWERNETS (UK) LIMITED

Company Registration Number:
04055262 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2022

Period of accounts

Start date: 01 September 2021

End date: 31 August 2022

POWERNETS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2022

Balance sheet
Notes

POWERNETS (UK) LIMITED

Balance sheet

As at 31 August 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 255,411 267,060
Total fixed assets: 255,411 267,060
Current assets
Stocks: 41,471 30,092
Debtors:   418,608 122,806
Cash at bank and in hand: 685,469 755,688
Total current assets: 1,145,548 908,586
Creditors: amounts falling due within one year:   (341,565) (173,188)
Net current assets (liabilities): 803,983 735,398
Total assets less current liabilities: 1,059,394 1,002,458
Creditors: amounts falling due after more than one year:   (4,350) (5,387)
Total net assets (liabilities): 1,055,044 997,071
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 1,055,034 997,061
Shareholders funds: 1,055,044 997,071

The notes form part of these financial statements

POWERNETS (UK) LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

This report was approved by the board of directors on 25 April 2023
and signed on behalf of the board by:

Name: Mr J M Banks
Status: Director

The notes form part of these financial statements

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

1. Accounting policies

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

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

2. Employees

2022 2021
Average number of employees during the period 3 3

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

3. Tangible Assets

Total
Cost £
At 01 September 2021 386,445
At 31 August 2022 386,445
Depreciation
At 01 September 2021 119,385
Charge for year 11,649
At 31 August 2022 131,034
Net book value
At 31 August 2022 255,411
At 31 August 2021 267,060