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Financial Statements for the Year Ended 31 December 2017 |
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Power Services International Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 December 2017 |
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Power Services International Limited |
Power Services International Limited (Registered number: 02147320) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Power Services International Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Foresters Hall |
25/27 Westow Street |
Upper Norwood |
London |
SE19 3RY |
Power Services International Limited (Registered number: 02147320) |
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Balance Sheet |
31 December 2017 |
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31/12/17 | 31/12/16 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
Power Services International Limited (Registered number: 02147320) |
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Balance Sheet - continued |
31 December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Power Services International Limited (Registered number: 02147320) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Power Services International Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Pension costs and other post-retirement benefits |
The company makes contributions into a pension scheme run for the benefit of its director. Contributions |
payable for the year are charged in the profit and loss account. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS |
31/12/17 | 31/12/16 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Directors' current accounts | 538 | 1,538 |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Power Services International Limited (Registered number: 02147320) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/17 | 31/12/16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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VAT | 731 | 1,416 |
Other taxes & PAYE | 3,445 | 155 |
Accrued expenses | 1,059 | 1,500 |
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6. | RELATED PARTY DISCLOSURES |
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At the balance sheet date £26,682 was owed to the company by Mr Ignitor Limited in relation to various |
transactions. This amount is included within debtors: amounts falling due after more than one year. |
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Mr Ignitor Limited is a company registered in England. Mr M Hannaford owns the company's entire issued |
share capital. |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr M Hannaford. |
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The company is controlled by Mr M Hannaford, the Managing Director, by virtue of his 100% interest in the |
issued share capital. |