1 April 2022 false No description of principal activity Taxfiler 2023.10 10641808business:PrivateLimitedCompanyLtd2022-04-012023-03-31 106418082022-03-31 106418082022-04-012023-03-31 10641808business:AuditExemptWithAccountantsReport2022-04-012023-03-31 10641808business:FilletedAccounts2022-04-012023-03-31 106418082023-03-31 106418082022-03-31 10641808core:WithinOneYear2023-03-31 10641808core:WithinOneYear2022-03-31 10641808core:AfterOneYear2023-03-31 10641808core:AfterOneYear2022-03-31 10641808core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10641808core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 10641808core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10641808core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10641808core:PreviouslyStatedAmount2023-03-31 10641808core:PreviouslyStatedAmount2022-03-31 10641808business:SmallEntities2022-04-012023-03-31 10641808business:Director12022-04-012023-03-31 10641808countries:EnglandWales2022-04-012023-03-31 10641808business:RegisteredOffice2022-04-012023-03-31 10641808core:LandBuildings2022-04-012023-03-31 10641808core:PlantMachinery2022-04-012023-03-31 10641808core:FurnitureFittings2022-04-012023-03-31 10641808core:ComputerEquipment2022-04-012023-03-31 10641808core:LandBuildings2022-03-31 10641808core:PlantMachinery2022-03-31 10641808core:MotorVehicles2022-03-31 10641808core:FurnitureFittings2022-03-31 10641808core:ComputerEquipment2022-03-31 10641808core:MotorVehicles2022-04-012023-03-31 10641808core:LandBuildings2023-03-31 10641808core:PlantMachinery2023-03-31 10641808core:MotorVehicles2023-03-31 10641808core:FurnitureFittings2023-03-31 10641808core:ComputerEquipment2023-03-31 106418082021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10641808 (England and Wales)
Empoweredfit Ltd Unaudited accounts for the year ended 31 March 2023
Empoweredfit Ltd Unaudited accounts Contents
Page
- 2 -
Empoweredfit Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
461,335 
537,528 
Current assets
Inventories
4,506 
1,300 
Debtors
169,503 
112,774 
Cash at bank and in hand
174,043 
71,297 
348,052 
185,371 
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 
Capital and reserves
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
- 3 -
Empoweredfit Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
- 4 -
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
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 
169,503 
112,774 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,882 
9,491 
Trade creditors
34,244 
45,631 
Amounts owed to group undertakings and other participating interests
250 
(350)
Taxes and social security
49,954 
384 
Other creditors
282 
- 
Loans from directors
3,390 
975 
Accruals
723 
- 
110,725 
56,131 
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).
- 5 -