Powerwood Ltd Accounts

LITTLE OAKTREE LTD - Company Information






Powerwood Ltd
	Company No. 08914245
		Information for Filing with The Registrar
		28 February 2018

The Directors present their report and the accounts for the year ended 28 February 2018.

Principal activities
The principal activity of the company during the year under review was a holding company.




Directors

The Directors who served at any time during the year were as follows:

S.L. Kemp
J.E.G. Magraw
D.A. Peters
D.A. Triggs
DSK Capital Energy Limited
DSK Capital Limited






























































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.A. Peters
Director
23 November 2018

at	28 February 2018
Company No.		08914245	Notes	2018	2017
				£	£
Fixed assets



	Investments		2	114	53
				114	53
Current assets

	Debtors		3	145,024	145,024

	Cash at bank and in hand			3,727	3,727
				148,751	148,751
Creditors: Amount falling due within one year			4	(257,633)	(257,572)
Net current liabilities				(108,882)	(108,821)
Total assets less current liabilities				(108,768)	(108,768)




Net liabilities				(108,768)	(108,768)

Capital and reserves
	Called up share capital			1,047	1,047



	Profit and loss account		5	(109,815)	(109,815)

Total equity				(108,768)	(108,768)


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2018 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.

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 23 November 2018
And signed on its behalf by:
D.A. Peters
Director

for the year ended 28 February 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 March 2017	53	53
		Additions	57	57
		Revaluation	4	4

		At 28 February 2018	114	114






		Net book values
		At 28 February 2018	114	114
		At 28 February 2017	53	53

3	Debtors
			2018	2017
			£	£

		Amounts owed by group undertakings	144,022	144,022




		Other debtors	1,002	1,002

			145,024	145,024

4	Creditors:
		amounts falling due within one year
			2018	2017
			£	£

		Bank loans and overdrafts	3	3


		Trade creditors	15,773	15,773




		Other creditors	241,855	241,795
		Accruals and deferred income	2	1
			257,633	257,572

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

08914245

Its registered office is:

20-21 Aviation Way

Southend on Sea

Essex

SS2 6UN