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REGISTERED NUMBER: 10629625 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Powered By Agents Ltd

Powered By Agents Ltd (Registered number: 10629625)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Powered By Agents Ltd (Registered number: 10629625)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 176,675 160,613
Property, plant and equipment 5 1,486 1,981
178,161 162,594

CURRENT ASSETS
Cash at bank 947 3,157

CREDITORS
Amounts falling due within one year 6 37,039 17,806
NET CURRENT LIABILITIES (36,092 ) (14,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,069

147,945

CREDITORS
Amounts falling due after more than one year 7 2,715 3,710
NET ASSETS 139,354 144,235

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 198,484 196,984
Retained earnings (59,255 ) (52,874 )
SHAREHOLDERS' FUNDS 139,354 144,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Powered By Agents Ltd (Registered number: 10629625)

Statement of Financial Position - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mr Domenic Versace - Director


Powered By Agents Ltd (Registered number: 10629625)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Powered By Agents Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10629625

Registered office: 60 Couchmore Avenue
Esher
United Kingdom
KT10 9AU

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Powered By Agents Ltd (Registered number: 10629625)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 160,613
Additions 16,062
At 29 February 2024 176,675
NET BOOK VALUE
At 29 February 2024 176,675
At 28 February 2023 160,613

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 4,847
DEPRECIATION
At 1 March 2023 2,866
Charge for year 495
At 29 February 2024 3,361
NET BOOK VALUE
At 29 February 2024 1,486
At 28 February 2023 1,981

Powered By Agents Ltd (Registered number: 10629625)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 413 2,043
Other creditors 36,626 15,763
37,039 17,806

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 2,715 3,710