Company registration number 08649346 (England and Wales)
POWERNETIX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
POWERNETIX LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
1,281
1,662
Current assets
96,470
186,735
Creditors: amounts falling due within one year
(8,723)
(34,202)
Net current assets
87,747
152,533
Total assets less current liabilities
89,028
154,195
Net assets
89,028
154,195
Capital and reserves
89,028
154,195
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year, advances to a director amounting to £44,309 (2022: £17,264). During the year £1,209 (2022: £18,525) was repaid to the company. The total outstanding at the year-end was £40,078 (2022: £3,022 owed to director). Interest was charged on the advances at HMRC's official rates. The loan is repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
2
Powernetix Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Parrys Close, Stoke Bishop, Bristol, BS9 1AW.
For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
POWERNETIX LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2023
31 August 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 January 2024 and are signed on its behalf by:
Mrs L F Green
Director
Company registration number 08649346 (England and Wales)