Company Registration No. 10641808 (England and Wales)
Empoweredfit Ltd
Unaudited accounts
for the year ended 31 March 2023
Empoweredfit Ltd
Unaudited accounts
Contents
Empoweredfit Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
461,335
537,528
Cash at bank and in hand
174,043
71,297
Creditors: amounts falling due within one year
(110,725)
(56,131)
Net current assets
237,327
129,240
Total assets less current liabilities
698,662
666,768
Creditors: amounts falling due after more than one year
(235,834)
(290,833)
Net assets
462,828
375,935
Called up share capital
1,000
1,000
Profit and loss account
461,828
374,935
Shareholders' funds
462,828
375,935
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by
Chris Ellerby-Hemmings
Director
Company Registration No. 10641808
Empoweredfit Ltd
Notes to the Accounts
for the year ended 31 March 2023
Empoweredfit Ltd is a private company, limited by shares, registered in England and Wales, registration number 10641808. The registered office is Unit 1 & 2 Arrowe Commercial Park, Arrowe Brooke Lane, Wirral, Merseyside, CH49 1AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
25% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Empoweredfit Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
159,840
458,831
6,995
24,163
13,258
663,087
Additions
12,045
64,215
-
472
5,686
82,418
At 31 March 2023
171,885
523,046
6,995
24,635
18,944
745,505
At 1 April 2022
22,565
89,729
2,098
5,696
5,471
125,559
Charge for the year
17,189
130,712
1,049
4,927
4,734
158,611
At 31 March 2023
39,754
220,441
3,147
10,623
10,205
284,170
At 31 March 2023
132,131
302,605
3,848
14,012
8,739
461,335
At 31 March 2022
137,275
369,102
4,897
18,467
7,787
537,528
Amounts falling due within one year
Trade debtors
43,996
37,647
Amounts due from group undertakings etc.
70,605
35,303
Accrued income and prepayments
54,902
39,824
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
34,244
45,631
Amounts owed to group undertakings and other participating interests
250
(350)
Taxes and social security
49,954
384
Loans from directors
3,390
975
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
235,834
290,833
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).