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EMPOWER AGENCY LTD

Registered Number
08538616
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

EMPOWER AGENCY LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

CUMMINS, Jasmine
MATTHEWS, Benjamin

Registered Address

22 Park Crescent
Forest Row
RH18 5ED

Registered Number

08538616 (England and Wales)
EMPOWER AGENCY LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,3569,959
8,3569,959
Current assets
Debtors60,97781,175
Cash at bank and on hand712,704793,011
773,681874,186
Creditors amounts falling due within one year4(199,425)(147,741)
Net current assets (liabilities)574,256726,445
Total assets less current liabilities582,612736,404
Net assets582,612736,404
Capital and reserves
Called up share capital1010
Profit and loss account582,602736,394
Shareholders' funds582,612736,404
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
CUMMINS, Jasmine
Director
MATTHEWS, Benjamin
Director

Registered Company No. 08538616
EMPOWER AGENCY LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year1310
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 June 2310,75012,09622,846
Additions-3,9133,913
At 31 May 2410,75016,00926,759
Depreciation and impairment
At 01 June 237,3055,58212,887
Charge for year2,7552,7615,516
At 31 May 2410,0608,34318,403
Net book value
At 31 May 246907,6668,356
At 31 May 233,4456,5149,959
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables28,31218,145
Taxation and social security27,05070,587
Other creditors144,06359,009
Total199,425147,741