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REGISTERED NUMBER: 13493427 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

LIFE EMPOWERED LIMITED

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFE EMPOWERED LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: Mr Shaun Damien Carney
Mrs Lucy Catherine Carney





REGISTERED OFFICE: KJG
100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 13493427 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,234 -

CURRENT ASSETS
Debtors 5 1,651 100
Cash at bank 750 -
2,401 100
CREDITORS
Amounts falling due within one year 6 (15,713 ) -
NET CURRENT (LIABILITIES)/ASSETS (13,312 ) 100
TOTAL ASSETS LESS CURRENT LIABILITIES (12,078 ) 100

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (12,178 ) -
SHAREHOLDERS' FUNDS (12,078 ) 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

BALANCE SHEET - continued
31st May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





Mr Shaun Damien Carney - Director


LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Life Empowered Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13493427. The address of the registered office is C/O Kjg, 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD. The principle place of business is Findlater, 15 North Blantyre Street, Findochty, Buckie, Moray, Scotland, AB56 4PU.

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 as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer equipment - 33.33% on Cost

At each balance sheet date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


2. ACCOUNTING POLICIES - continued

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 except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,646
At 31st May 2023 2,646
DEPRECIATION
Charge for year 1,412
At 31st May 2023 1,412
NET BOOK VALUE
At 31st May 2023 1,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 264 -
Called up share capital not paid - 100
Prepayments and accrued income 1,387 -
1,651 100

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 15,113 -
Accrued expenses 600 -
15,713 -

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
51 Share capital A £1.00 51 51
49 Share capital B £1.00 49 49
100 100