Silverfin false false 31/08/2024 01/09/2023 31/08/2024 C M Y Beviss 18/01/2023 J C Beviss 18/01/2023 J J Mcveigh 18/01/2023 J I Watt 18/01/2023 04 March 2025 The principal activity of the Company during the financial year was that of residential care activities. 14601487 2024-08-31 14601487 bus:Director1 2024-08-31 14601487 bus:Director2 2024-08-31 14601487 bus:Director3 2024-08-31 14601487 bus:Director4 2024-08-31 14601487 core:CurrentFinancialInstruments 2024-08-31 14601487 core:CurrentFinancialInstruments 2023-08-31 14601487 2023-08-31 14601487 core:ShareCapital 2024-08-31 14601487 core:ShareCapital 2023-08-31 14601487 core:RetainedEarningsAccumulatedLosses 2024-08-31 14601487 core:RetainedEarningsAccumulatedLosses 2023-08-31 14601487 2023-09-01 2024-08-31 14601487 bus:FilletedAccounts 2023-09-01 2024-08-31 14601487 bus:SmallEntities 2023-09-01 2024-08-31 14601487 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 14601487 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14601487 bus:Director1 2023-09-01 2024-08-31 14601487 bus:Director2 2023-09-01 2024-08-31 14601487 bus:Director3 2023-09-01 2024-08-31 14601487 bus:Director4 2023-09-01 2024-08-31 14601487 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Company No: 14601487 (England and Wales)

EMPOWER SUPPORTED LIVING LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

EMPOWER SUPPORTED LIVING LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

EMPOWER SUPPORTED LIVING LIMITED

BALANCE SHEET

As at 31 August 2024
EMPOWER SUPPORTED LIVING LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Current assets
Debtors 3 106 1
Cash at bank and in hand 4,494 0
4,600 1
Creditors: amounts falling due within one year 4 ( 11,059) 0
Net current (liabilities)/assets (6,459) 1
Total assets less current liabilities (6,459) 1
Net (liabilities)/assets ( 6,459) 1
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 6,460 ) 0
Total shareholder's (deficit)/funds ( 6,459) 1

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Empower Supported Living Limited (registered number: 14601487) were approved and authorised for issue by the Board of Directors on 04 March 2025. They were signed on its behalf by:

J C Beviss
Director
EMPOWER SUPPORTED LIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
EMPOWER SUPPORTED LIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Empower Supported Living Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Prockters Farm Offices, West Monkton, Taunton, TA2 8QN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £6,459. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 106 1

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 9,499 0
Other creditors 1,560 0
11,059 0