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Company Registration No. 11935464 (England and Wales)
Empowered Finance Limited Unaudited accounts for the year ended 31 December 2023
Empowered Finance Limited Unaudited accounts Contents
Page
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Empowered Finance Limited Company Information for the year ended 31 December 2023
Directors
Michael Almandras Lucy Almandras
Company Number
11935464 (England and Wales)
Registered Office
Glove Factory Studios, 1 Brook Lane Holt Trowbridge BA14 6RL England
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Empowered Finance Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,216 
2,160 
Current assets
Debtors
4,019 
12,754 
Cash at bank and in hand
50,663 
31,746 
54,682 
44,500 
Creditors: amounts falling due within one year
(50,029)
(44,033)
Net current assets
4,653 
467 
Net assets
5,869 
2,627 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
5,859 
2,617 
Shareholders' funds
5,869 
2,627 
For the year ending 31 December 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 11 April 2024 and were signed on its behalf by
Michael Almandras Director Company Registration No. 11935464
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Empowered Finance Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Empowered Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 11935464. The registered office is Glove Factory Studios, 1 Brook Lane, Holt, Trowbridge, BA14 6RL, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
4 years
Computer equipment
4 years
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
246 
3,536 
3,782 
At 31 December 2023
246 
3,536 
3,782 
Depreciation
At 1 January 2023
150 
1,472 
1,622 
Charge for the year
62 
882 
944 
At 31 December 2023
212 
2,354 
2,566 
Net book value
At 31 December 2023
34 
1,182 
1,216 
At 31 December 2022
96 
2,064 
2,160 
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Empowered Finance Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,412 
8,507 
Accrued income and prepayments
507 
- 
Other debtors
1,100 
4,247 
4,019 
12,754 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,662 
11,855 
Trade creditors
2,248 
1,307 
Taxes and social security
34,896 
28,155 
Other creditors
171 
2,404 
Loans from directors
1,052 
312 
50,029 
44,033 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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