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Unaudited Financial Statements for the Year Ended 31 March 2022

for

MPowered Training Academy Limited

MPowered Training Academy Limited (Registered number: 11255126)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPowered Training Academy Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Ms M E Power





REGISTERED OFFICE: Flat 4
61 Ridge Road
Harringay
N8 9LJ





REGISTERED NUMBER: 11255126 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

MPowered Training Academy Limited (Registered number: 11255126)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,177 1,866

CURRENT ASSETS
Debtors 5 25,500 27,000
Cash at bank 11,389 12,069
36,889 39,069
CREDITORS
Amounts falling due within one year 6 14,066 20,463
NET CURRENT ASSETS 22,823 18,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,000

20,472

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 23,999 20,471
SHAREHOLDERS' FUNDS 24,000 20,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:





Ms M E Power - Director


MPowered Training Academy Limited (Registered number: 11255126)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

MPowered Training Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Office &
and sundry
fittings equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 390 2,363 2,753
DEPRECIATION
At 1 April 2021 98 789 887
Charge for year 98 591 689
At 31 March 2022 196 1,380 1,576
NET BOOK VALUE
At 31 March 2022 194 983 1,177
At 31 March 2021 292 1,574 1,866

MPowered Training Academy Limited (Registered number: 11255126)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors 25,500 27,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Tax 5,212 11,987
Directors' current accounts 7,846 7,468
Accrued expenses 1,008 1,008
14,066 20,463

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1 ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 April 2021 20,471
Profit for the year 21,528
Dividends (18,000 )
At 31 March 2022 23,999