Micro-entity Accounts - POWER ON ELECTRICAL LIMITED

POWER ON ELECTRICAL LIMITED - Company Information

05712296 POWER ON ELECTRICAL LIMITED 2017-02-28 false 2016-02-29 2017-02-28 true 05712296 2016-02-29 2017-02-28 05712296 2017-02-28 05712296 2016-02-28 05712296 uk-gaap-cd-bus:Director1 2016-02-29 2017-02-28 05712296 uk-gaap-cd-bus:Director2 2016-02-29 2017-02-28 05712296 uk-gaap-cd-bus:AllEntityOfficers 2016-02-29 2017-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 2017-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2017-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 iso4217:GBP shares

Registered Number 05712296

POWER ON ELECTRICAL LIMITED

Micro-entity Accounts

28 February 2017

POWER ON ELECTRICAL LIMITED Registered Number 05712296

Micro-entity Balance Sheet as at 28 February 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	965	1,175
		965	1,175
Current assets
Stocks		289	313
Debtors		-	47
Cash at bank and in hand		2,068	1,060
		2,357	1,420
Creditors: amounts falling due within one year		(58,255)	(62,523)
Net current assets (liabilities)		(55,898)	(61,103)
Total assets less current liabilities		(54,933)	(59,928)
Total net assets (liabilities)		(54,933)	(59,928)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(55,033)	(60,028)
Shareholders' funds		(54,933)	(59,928)

For the year ending 28 February 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2017

And signed on their behalf by:
Mr J W Burdekin, Director

POWER ON ELECTRICAL LIMITED Registered Number 05712296

Notes to the Micro-entity Accounts for the period ended 28 February 2017

1Tangible fixed assets

	£
Cost
At 29 February 2016	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2017	5,000
Depreciation
At 29 February 2016	3,825
Charge for the year	210
On disposals	-
At 28 February 2017	4,035
Net book values
At 28 February 2017	965
At 28 February 2016	1,175

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

3Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents sales invoiced during the year, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets based on historical cost, less estimated residual value, at the following rates:-

Plant and machinery - 15% straight line
Motor vehicles - 25% reducing balance