Accounts filed on 31-12-2016

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Company Registration Number:
06951463 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Profit and Loss Account

for the Period Ended 31 December 2016

	2016 £	2015 £
Turnover	51,107	60,002
Cost of sales	(46,300)	(53,924)
Gross Profit or (Loss)	4,807	6,078
Administrative Expenses	(4,786)	(6,039)
Operating Profit or (Loss)	21	39
Profit or (Loss) Before Tax	21	39
Tax on Profit	(4)	(8)
Profit or (Loss) for Period	17	31

The notes form part of these financial statements

Balance sheet

As at 31 December 2016

	Notes	2016 £	2015 £
Fixed assets
Intangible assets:	2	26,790	28,933
Total fixed assets:		26,790	28,933
Current assets
Stocks:		59,753	55,238
Debtors:	3	27,779	13,026
Cash at bank and in hand:		20,978	8,457
Total current assets:		108,510	76,721
Creditors: amounts falling due within one year:	4	( 83,343 )	( 53,718 )
Net current assets (liabilities):		25,167	23,003
Total assets less current liabilities:		51,957	51,936
Creditors: amounts falling due after more than one year:	5	( 51,407 )	( 51,407 )
Total net assets (liabilities):		550	529

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2016

	2016 £	2015 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	549	528
Shareholders funds:	550	529

For the year ending 31 December 2016 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 January 2017
And Signed On Behalf Of The Board By:

Name: D Gruszczynski
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

Basis of measurement and preparation

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

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Intangible assets

	Goodwill	Total
Cost	£	£
At 01 January 2016	42,864	42,864
Additions	0	0
Disposals	(0)	(0)
Revaluations	0	0
Transfers	0	0
At 31 December 2016	42,864	42,864
Amortisation
Amortisation at 01 January 2016	13,931	13,931
Charge for year	2,143	2,143
On disposals	-	-
Other adjustments	-	-
Amortisation at 31 December 2016	16,074	16,074
Net book value
Net book value at 31 December 2016	26,790	26,790
Net book value at 31 December 2015	28,933	28,933

Prior to commencement of trading, the Company acquired the trading name Powertec together with other assets for a consideration of £50,000. This consisted of current assets amounting to £10,000 and Goodwill amounting to £40,000.
The Goodwill of £40,000 together with related legal and professional fees of £2,864 have been capitalised and will be amortized over 20 years on a straight line basis

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Debtors

	2016 £	2015 £
Trade debtors	27,779	12,841
Other debtors		185
Total	27,779	13,026

Notes to the Financial Statements

for the Period Ended 31 December 2016

4.Creditors: amounts falling due within one year note

	2016 £	2015 £
Trade creditors	83,343	53,718
Total	83,343	53,718

Notes to the Financial Statements

for the Period Ended 31 December 2016

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

	2016 £	2015 £
Other creditors	51,407	51,407
Total	51,407	51,407

Director:		D Gruszczynski
		T Gruszczynski


Registered office:		Unit 6 Davyfield Road Roman Road Industrial Estate Blackburn Lancashire BB1 2LU


Company Registration Number:		06951463 (England and Wales)

Accounts filed on 31-12-2016