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REGISTERED NUMBER: 13493427 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

LIFE EMPOWERED LIMITED

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIFE EMPOWERED LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2024







DIRECTORS: Mr S D Carney
Mrs L C Carney





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 13493427 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

BALANCE SHEET
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 506 1,234

CURRENT ASSETS
Debtors 5 1,124 1,651
Cash at bank 346 750
1,470 2,401
CREDITORS
Amounts falling due within one year 6 (21,013 ) (15,713 )
NET CURRENT LIABILITIES (19,543 ) (13,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,037

)

(12,078

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (19,137 ) (12,178 )
SHAREHOLDERS' FUNDS (19,037 ) (12,078 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

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 28th October 2024 and were signed on its behalf by:





Mr S D Carney - Director


LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024


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 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD, and the principal place of business is Findalter, 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.

The concept of going concern is an underlying assumption in the production of financial statements. As there are considerable net liabilities there is a question mark over going concern. Although there is no formal agreement in place the directors have indicated they will continue to provide financial support to the company for at least next 12 months.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of other human health activities which is recognised at the point the service is provided.

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 equipment33.33% 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 2024


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 (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023 2,646
Additions 213
At 31st May 2024 2,859
DEPRECIATION
At 1st June 2023 1,412
Charge for year 941
At 31st May 2024 2,353
NET BOOK VALUE
At 31st May 2024 506
At 31st May 2023 1,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 67 264
Prepayments and accrued income 1,057 1,387
1,124 1,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 20,221 15,113
Accrued expenses 792 600
21,013 15,713

LIFE EMPOWERED LIMITED (REGISTERED NUMBER: 13493427)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2024


7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
51 Share capital A £1.00 51 51
49 Share capital B £1.00 49 49
100 100