POWERMAIN LIMITED Accounts filed on 30-11-2015

POWERMAIN LIMITED Accounts filed on 30-11-2015

POWERMAIN LIMITED - Company Information

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POWERMAIN LIMITED




Company Registration Number:
03440912 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st December 2014

End date: 30th November 2015

SUBMITTED

POWERMAIN LIMITED

Company Information
for the Period Ended 30th November 2015




Director: J D Miller
K I Miller
B M Gordon
P A Whiteing
Registered office: 11 Nash Court Road
Margate
Kent
CT9 4DJ
Company Registration Number: 03440912 (England and Wales)

POWERMAIN LIMITED

Directors' Report Period Ended 30th November 2015

The directors present their report with the financial statements of the company for the period ended 30th November 2015

Principal activities
The principal activity of the company in the period under review was:
supply and maintenance of secondary power generation

Directors
The directors shown below have held office during the whole of the period from
01st December 2014 to 30th November 2015
J D Miller
K I Miller
B M Gordon
P A Whiteing

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 08 June 2016
And Signed On Behalf Of The Board By:

Name: J D Miller
Status: Director
Name: K I Miller
Status: Director

POWERMAIN LIMITED

Profit and Loss Account

for the Period Ended 30th November 2015

Notes 2015
£		 2014
£
Turnover: 730,677 689,386
Cost of sales: 562,093 494,505
Gross profit or (loss): 168,584 194,881
Administrative expenses: , 190,757 190,936
Operating profit or (loss): ( 22,173 ) 3,945
Interest receivable and similar income: 11 35
Interest payable and similar charges: 4,134 4,279
Profit or (loss) on ordinary activities before taxation: ( 26,296 ) ( 299 )
Profit or (loss) for the financial year: ( 26,296 ) ( 299 )

The notes form part of these financial statements

POWERMAIN LIMITED

Statement of total recognised gains and losses
30th November 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

POWERMAIN LIMITED

Balance sheet
As at 30th November 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 2 62,423 103,795
Total fixed assets: 62,423 103,795
Current assets
Stocks: 9,853 12,719
Debtors: 3 146,143 104,460
Cash at bank and in hand: 40,058 91,867
Total current assets: 196,054 209,046
Creditors: amounts falling due within one year 4 137,113 151,094
Net current assets (liabilities): 58,941 57,952
Total assets less current liabilities: 121,364 161,747
Creditors: amounts falling due after more than one year: 5 7,389 21,476
Total net assets (liabilities): 113,975 140,271

The notes form part of these financial statements

POWERMAIN LIMITED

Balance sheet
As at 30th November 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 6 600 600
Profit and Loss account: 7 113,375 139,671
Total shareholders funds: 113,975 140,271

For the year ending 30 November 2015 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 08 June 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: J D Miller
Status: Director
Name: K I Miller
Status: Director

The notes form part of these financial statements

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under The Historical Cost Convention and in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008)

    Turnover policy

    Turnover represents the invoiced value of goods and services supplied in the period stated net of Value Added Tax

    Tangible fixed assets depreciation policy

    Depreciation is provided so as to write off the cost of tangible fixed assets over the expected useful economic lives of the assets concerned. The principal annual rates of depreciation used throughout the period are as follows: plant and equipment 25% on reducing balance; office equipment 25% on reducing balance; motor vehicles 25% on reducing balance

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st December 2014: - 159,161 - 21,564 73,079 253,804
    Additions: - 729 - - 12,079 12,808
    Disposals: - 51,500 - - 18,555 70,055
    At 30th November 2015: - 108,390 - 21,564 66,603 196,557
    Depreciation
    At 01st December 2014: - 90,805 - 18,261 40,943 150,009
    Charge for year: - 15,729 - 826 8,182 24,737
    On disposals: - 25,381 - - 15,231 40,612
    At 30th November 2015: - 81,153 - 19,087 33,894 134,134
    Net book value
    At 30th November 2015: - 27,237 - 2,477 32,709 62,423
    At 30th November 2014: - 68,356 - 3,303 32,136 103,795

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 3. Debtors

    2015 2014
    £ £
    Trade debtors: 128,046 81,887
    Other debtors: 1,120 -
    Prepayments and accrued income: 16,977 22,573
    Total: 146,143 104,460

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 4. Creditors: amounts falling due within one year

    2015 2014
    £ £
    Amounts due under finance leases and hire purchase contracts: 7,043 21,076
    Trade creditors: 82,688 73,608
    Taxation and social security: 30,289 26,245
    Accruals and deferred income: 9,246 29,034
    Other creditors: 7,847 1,131
    Total: 137,113 151,094

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 5. Creditors: amounts falling due after more than one year

    2015 2014
    £ £
    Amounts due under finance leases and hire purchase contracts: 7,389 21,476
    Total: 7,389 21,476

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 600 1.00
    1.00
    		600
    Total share capital: 600
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 600 1.00
    1.00
    		600
    Total share capital: 600

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 7. Profit and loss account

    2015 2014
    £ £
    Opening balance: 139,671 139,970
    Profit or (loss) for the period: ( 26,296 ) ( 299 )
    Equity dividends paid: 0 0
    Retained profit: 113,375 139,671

POWERMAIN LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2015

  • 8. Related party disclosures

    Name of the ultimate controlling party during the period: J D Miller