Power Mechanical Limited - Limited company - abbreviated - 11.6

Power Mechanical Limited - Limited company - abbreviated - 11.6

POWER MECHANICAL LIMITED - Company Information

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REGISTERED NUMBER: 03284513 (England and Wales)

















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Power Mechanical Limited

Power Mechanical Limited (Registered number: 03284513)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Power Mechanical Limited

Company Information
for the Year Ended 31 March 2014







DIRECTOR: Mr P Moretti





SECRETARY: Mr C Shears





REGISTERED OFFICE: Unit 2 Asher Court
Lyncastle Way
Barleycastle Trading Estate
Appleton, Warrington
Cheshire
WA4 4ST





REGISTERED NUMBER: 03284513 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR
Page 1
Power Mechanical Limited (Registered number: 03284513)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,197 1,297
Tangible assets 3 95,536 104,639
Investments 4 1 1
96,734 105,937

CURRENT ASSETS
Stocks 113,229 233,369
Debtors 494,557 284,483
Cash at bank and in hand 988 278,914
608,774 796,766
CREDITORS
Amounts falling due within one year 628,204 791,482
NET CURRENT (LIABILITIES)/ASSETS (19,430 ) 5,284
TOTAL ASSETS LESS CURRENT
LIABILITIES
77,304
111,221

PROVISIONS FOR LIABILITIES 14,580 -
NET ASSETS 62,724 111,221

CAPITAL AND RESERVES
Called up share capital 5 103 3
Profit and loss account 62,621 111,218
SHAREHOLDERS' FUNDS 62,724 111,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
Power Mechanical Limited (Registered number: 03284513)

Abbreviated Balance Sheet - continued
31 March 2014


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 14 November 2014 and were signed by:





Mr P Moretti - Director


The notes form part of these abbreviated accounts

Page 3
Power Mechanical Limited (Registered number: 03284513)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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.

Intangible fixed assets
Intangible fixed assets, comprising a cherished vehicle plate number, are stated at cost less depreciation.
Depreciation is provided at 5% on a straight line basis.

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

Improvements to property - Over the term of the lease
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance
for obsolete and slow moving stocks. Cost includes all direct costs 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating
result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets
acquired by finance lease are depreciated over the shorter of the lease term and their useful economic lives.
Assets acquired by hire purchase are depreciated over their useful lives. Obligations under such agreements are
included in creditors net of the finance charge allocated to future period. The finance element of the rental
payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on net
obligation outstanding each period.
Rentals paid under operating leases are charges to the profit and loss account on straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

The company contributes employer contributions into a Scottish Widows Personal Pension Plan, on behalf of
the director, P. Moretti, and the pension charge represents the amounts payable by the company to the fund in
respect of the year. Contributions payable to company's pension scheme are charged to the profit and loss
account in the period to which they relate.

Page 4 continued...
Power Mechanical Limited (Registered number: 03284513)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 1,990
AMORTISATION
At 1 April 2013 693
Amortisation for year 100
At 31 March 2014 793
NET BOOK VALUE

At 31 March 2014 1,197
At 31 March 2013 1,297

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 186,071
Additions 18,360
Disposals (559 )
At 31 March 2014 203,872
DEPRECIATION
At 1 April 2013 81,432
Charge for year 27,295
Eliminated on disposal (391 )
At 31 March 2014 108,336
NET BOOK VALUE
At 31 March 2014 95,536
At 31 March 2013 104,639

Page 5 continued...
Power Mechanical Limited (Registered number: 03284513)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2013
and 31 March 2014 1
NET BOOK VALUE
At 31 March 2014 1
At 31 March 2013 1

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
3 Ordinary share capital 1 3 3
100 B Ordinary 1 100 -
103 3

6. OVERSEAS TURNOVER

In the year ended 31st March 2014, 25% of the company's turnover was to markets outside the United
Kingdom (2013 - 50%).

Page 6