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REGISTERED NUMBER: 08268541 (England and Wales)












Financial Statements

For The Year Ended 31 December 2023

for

Empathybroker Ltd

Empathybroker Ltd (Registered number: 08268541)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Empathybroker Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTORS: A Maldonado
J R Lueje



REGISTERED OFFICE: 6 Victoria Avenue
Harrogate
HG1 1ED



REGISTERED NUMBER: 08268541 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Christopher Holder BA BFP FCA



AUDITORS: Xeinadin Audit Limited
I2 Mansfield Office Suite 0.3
Hamilton Court
Mansfield
Nottinghamshire
NG18 5FB

Empathybroker Ltd (Registered number: 08268541)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,546 22,748
Investments 5 22,582 22,582
42,128 45,330

CURRENT ASSETS
Debtors 6 2,782,087 2,526,169
Cash at bank 79,786 159,736
2,861,873 2,685,905
CREDITORS
Amounts falling due within one year 7 211,521 407,673
NET CURRENT ASSETS 2,650,352 2,278,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,692,480

2,323,562

PROVISIONS FOR LIABILITIES 4,887 5,687
NET ASSETS 2,687,593 2,317,875

CAPITAL AND RESERVES
Called up share capital 274 274
Share premium 20,594 20,594
Capital redemption reserve 61 61
Retained earnings 2,666,664 2,296,946
2,687,593 2,317,875

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




J Lueje - Director


Empathybroker Ltd (Registered number: 08268541)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Empathybroker Ltd 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.
Fixtures & equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Empathybroker Ltd (Registered number: 08268541)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1 January 2023 42,305
Additions 3,313
At 31 December 2023 45,618
DEPRECIATION
At 1 January 2023 19,557
Charge for year 6,515
At 31 December 2023 26,072
NET BOOK VALUE
At 31 December 2023 19,546
At 31 December 2022 22,748

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 22,582
NET BOOK VALUE
At 31 December 2023 22,582
At 31 December 2022 22,582

Empathybroker Ltd (Registered number: 08268541)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 81,871 684,924
Amounts owed by group undertakings 1,884,687 1,464,599
Other debtors 815,529 376,646
2,782,087 2,526,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,630 15,203
Taxation and social security 143,217 322,568
Other creditors 64,674 69,902
211,521 407,673

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Holder BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A Maldonado
Balance outstanding at start of year 240,430 222,435
Amounts advanced 724,299 17,995
Amounts repaid (243,504 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 721,225 240,430

J R Lueje
Balance outstanding at start of year 10,000 -
Amounts advanced 25,000 10,000
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,000 10,000

Empathybroker Ltd (Registered number: 08268541)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

No interest has been charged on the overdrawn loan accounts.

During the year, the company rented a property from director, A Maldonado and his wife. Payments were made at a market rental value and totalled £27,971 (2022: £14,013).

10. PARENT COMPANY

The parent company of the smallest group that draws up consolidated financial statements which include the results for Empathybroker Ltd is Empathy Holdings Ltd, whose registered office is at 6 Victoria Avenue, Harrogate, HG1 1ED.