Pow Furnishings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00783136 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

Pow Furnishings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Sing

REGISTERED OFFICE:

C/o KRPM Business Solutions Limited

Little Bursdon

Hartland

Bideford

Devon

EX39 6HB

REGISTERED NUMBER:

00783136 (England and Wales)

ACCOUNTANTS:

KRPM Business Solutions Limited

Little Bursdon

Hartland

Bideford

Devon

EX39 6HB

FIXED ASSETS

Investments

4

545,000

545,000

CURRENT ASSETS

Debtors

5

(553

)

(743

)

Cash at bank

25,085

19,937

24,532

19,194

CREDITORS

Amounts falling due within one year

6

7,689

5,758

NET CURRENT ASSETS

16,843

13,436

TOTAL ASSETS LESS CURRENT LIABILITIES

561,843

558,436

PROVISIONS FOR LIABILITIES

35,204

35,204

NET ASSETS

526,639

523,232

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

7

476,367

476,367

Retained earnings

45,272

41,865

526,639

523,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2023 and were signed by:

C J Sing - Director

1.	STATUTORY INFORMATION

Pow Furnishings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.8.23

31.8.22

£

£

Investment Property

545,000

545,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

(553

)

(743

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Taxation and social security

7,191

5,358

Other creditors

498

400

7,689

5,758

7.

RESERVES

Revaluation

reserve

£

At 1 September 2022

and 31 August 2023

476,367