Power Network Design Ltd - Accounts to registrar - small 17.2

Power Network Design Ltd - Accounts to registrar - small 17.2

POWER NETWORK DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 06043918 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2017

for

POWER NETWORK DESIGN LIMITED

POWER NETWORK DESIGN LIMITED (REGISTERED NUMBER: 06043918)

Contents of the Financial Statements
for the year ended 31 January 2017










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


POWER NETWORK DESIGN LIMITED

Company Information
for the year ended 31 January 2017







Director: M G A Bartley





Secretary: Ms Y Carty





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 06043918 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Power Network Design Limited


The following reproduces the text of the report prepared for the director and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Power Network Design Limited for the year ended 31 January 2017 which comprise the Profit
and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Power Network Design Limited in accordance with the terms of our engagement letter dated 7 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Power Network Design Limited and state those matters that we have agreed to state to the director of Power Network Design Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Power Network Design Limited director for our work or for this report.

It is your duty to ensure that Power Network Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Power Network Design Limited. You consider that Power Network Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Power Network Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


18 September 2017

This page does not form part of the statutory financial statements

Page 2
POWER NETWORK DESIGN LIMITED (REGISTERED NUMBER: 06043918)

Balance Sheet
31 January 2017

2017 2016
Notes £ £
Current assets
Debtors 4 (150 ) -
Cash at bank 580 446
430 446
Creditors
Amounts falling due within one year 5 22,602 19,799
Net current liabilities (22,172 ) (19,353 )
Total assets less current liabilities (22,172 ) (19,353 )

Capital and reserves
Called up share capital 5 5
Retained earnings (22,177 ) (19,358 )
Shareholders' funds (22,172 ) (19,353 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 18 September 2017 and were signed by:





M G A Bartley - Director


The notes form part of these financial statements

Page 3
POWER NETWORK DESIGN LIMITED (REGISTERED NUMBER: 06043918)

Notes to the Financial Statements
for the year ended 31 January 2017


1. Statutory information

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

These accounts have been prepared on the going concern basis on the understanding that the directors will
continue to financially support the company for the foreseeable future.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires
management to make estimates and judgement that affect the reported amounts of assets and liabilities as well
as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of
revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried
out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate
as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried
out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as
possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed
off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is
carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as
accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately
prove to be uncollectable.

3. Employees and directors

The average number of employees during the year was 1 .

4. Debtors: amounts falling due within one year
2017 2016
£ £
Accruals (150 ) -

Page 4
POWER NETWORK DESIGN LIMITED (REGISTERED NUMBER: 06043918)

Notes to the Financial Statements - continued
for the year ended 31 January 2017


5. Creditors: amounts falling due within one year
2017 2016
£ £
Bank loans and overdrafts 9,048 8,847
Trade creditors (1 ) -
Social security and other taxes 48 48
Directors' current accounts 12,727 10,124
Accrued expenses 780 780
22,602 19,799

6. Ultimate controlling party

The controlling party is M G A Bartley.

Page 5