Powerwood Ltd Accounts
Powerwood Ltd Accounts
Powerwood Ltd Filleted Accounts Cover |
Company No. 08914245 | |||||||||
Powerwood Ltd Directors Report Registrar |
The Directors present their report and the accounts for the year ended 29 February 2020. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
J.E.G. Magraw | (Resigned 12 August 2019) | ||||||||
V. Opeskine | |||||||||
D.A. Peters | (Resigned 28 November 2020) | ||||||||
D.A. Triggs | (Resigned 28 November 2020) | ||||||||
Capitol Hill Group LLC | |||||||||
DSK Capital Energy Limited | (Resigned 23 September 2019) | ||||||||
DSK Capital Limited | (Resigned 23 September 2019) | ||||||||
Signed on behalf of the board | |||||||||
V. Opeskine | |||||||||
Director | |||||||||
07 December 2020 |
Powerwood Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2020 | 2019 | |||||||
£'000 | £'000 | |||||||||
Current assets | ||||||||||
Debtors | 4 | |||||||||
Creditors: Amount falling due within one year | 5 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Revaluation reserve | 6 | |||||||||
Profit and loss account | 6 | ( | ( | |||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 07 December 2020 | ||||||||||
And signed on its behalf by: | ||||||||||
V. Opeskine | ||||||||||
Director | ||||||||||
07 December 2020 |
Powerwood Ltd Notes to the Accounts Registrar |
for the year ended 29 February 2020 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 08914245 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Foreign currencies | ||||||||||||||
3 | Employees | |||||||||||||
2020 | 2019 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | 2 | 2 | ||||||||||||
4 | Debtors | |||||||||||||
2020 | 2019 | |||||||||||||
£'000 | £'000 | |||||||||||||
Amounts owed by group undertakings | ||||||||||||||
5 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2020 | 2019 | |||||||||||||
£'000 | £'000 | |||||||||||||
Other loans | ||||||||||||||
Trade creditors | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
6 | Reserves | |||||||||||||
Revaluation Reserve | Total other reserves | |||||||||||||
£'000 | £'000 | |||||||||||||
Movement on revaluation reserve | ||||||||||||||
At 28 February 2019 and 1 March 2019 | ||||||||||||||
At 29 February 2020 | ||||||||||||||
7 | Related party disclosures | |||||||||||||
2020 | 2019 | |||||||||||||
Transactions with related parties | £'000 | £'000 | ||||||||||||
Name of related party | ||||||||||||||
Description of relationship between the parties | Subsidiary | |||||||||||||
Amount due from/(to) the related party | ||||||||||||||
Name of related party | ||||||||||||||
Description of relationship between the parties | Subsidiary | |||||||||||||
Amount due from/(to) the related party | ||||||||||||||