Powersave Northwest Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07522334 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Powersave Northwest Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

S Aitken

SECRETARY:

REGISTERED OFFICE:

1a Davyhulme Circle

Urmston

Manchester

Greater Manchester

M41 0ST

REGISTERED NUMBER:

07522334 (England and Wales)

ACCOUNTANTS:

John A. Walker Accountancy Services

1a Davyhulme Circle

Urmston

Manchester

Greater Manchester

M41 0ST

FIXED ASSETS

Tangible assets

2

1,412

1,662

CURRENT ASSETS

Stocks

1,750

2,500

Debtors

2,000

2,000

Cash in hand

561

-

4,311

4,500

CREDITORS

Amounts falling due within one year

5,127

5,049

NET CURRENT LIABILITIES

(816

)

(549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

596

1,113

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

595

1,112

596

1,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 November 2015 and were signed by:

S Aitken - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

2,300

DEPRECIATION

At 1 March 2014

638

Charge for year

250

At 28 February 2015

888

NET BOOK VALUE

At 28 February 2015

1,412

At 28 February 2014

1,662

3.	CALLED UP SHARE CAPITAL

**	POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1

THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON

BALANCE SHEET

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

John A. Walker Accountancy Services

1a Davyhulme Circle

Urmston

Manchester

Greater Manchester

M41 0ST

Date: .............................................