Powered Up Limited - Abbreviated accounts 16.1
Powered Up Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 October 2016 |
for |
Powered Up Limited |
Powered Up Limited (Registered number: 07805424) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Powered Up Limited |
Company Information |
for the Year Ended 31 October 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Powered Up Limited (Registered number: 07805424) |
Abbreviated Balance Sheet |
31 October 2016 |
31.10.16 | 31.10.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Powered Up Limited (Registered number: 07805424) |
Abbreviated Balance Sheet - continued |
31 October 2016 |
The financial statements were approved by the Board of Directors on |
Powered Up Limited (Registered number: 07805424) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
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 January 2015). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Goodwill |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under |
finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. |
The capital element of the future payments is treated as a liability. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
and 31 October 2016 |
AMORTISATION |
At 1 November 2015 |
Amortisation for year |
At 31 October 2016 |
NET BOOK VALUE |
At 31 October 2016 |
At 31 October 2015 |
Powered Up Limited (Registered number: 07805424) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2016 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
Additions |
At 31 October 2016 |
DEPRECIATION |
At 1 November 2015 |
Charge for year |
At 31 October 2016 |
NET BOOK VALUE |
At 31 October 2016 |
At 31 October 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
Ordinary | £1.00 |