| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 NOVEMBER 2024 |
| FOR |
| EMPOWERED S.M.S. LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 NOVEMBER 2024 |
| FOR |
| EMPOWERED S.M.S. LIMITED |
| EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 29 NOVEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| EMPOWERED S.M.S. LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 29 NOVEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 260 - 270 Butterfield |
| Great Marlings |
| Luton |
| Bedfordshire |
| LU2 8DL |
| EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843) |
| BALANCE SHEET |
| 29 NOVEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843) |
| BALANCE SHEET - continued |
| 29 NOVEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 29 NOVEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Empowered S.M.S. Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis which is considered to be appropriate, although the company's ability to continue trading is reliant on the continued support of the directors. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Revenue from consultancy and managed IT services is recognised in the period in which the services are provided, in accordance with the stage of completion where contracts span more than one accounting period. |
| Time-based services are recognised as revenue when the service is delivered. |
| Fixed-fee projects are recognised using the percentage-of-completion method, where reliable estimation is possible |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
| The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss. |
| 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 balance sheet date. |
| EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 29 NOVEMBER 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 30 November 2023 |
| Additions |
| At 29 November 2024 |
| DEPRECIATION |
| At 30 November 2023 |
| Charge for year |
| At 29 November 2024 |
| NET BOOK VALUE |
| At 29 November 2024 |
| At 29 November 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' loan accounts | 29,360 | - |
| Prepayments and deferred costs |
| Trade debtors are provided as security in the form of a fixed charge and floating charge, which covers all the |
| property or undertaking of the company in favour of HSBC Invoice Financing (UK) Limited. |
| EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 29 NOVEMBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Taxation and social security |
| Other creditors |
| Directors' loan accounts | - | 145,673 |
| Accruals and deferred income |
| 8. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax | 11,229 | 11,366 |
| Deferred |
| tax |
| £ |
| Balance at 30 November 2023 |
| Credit to Income Statement during year | ( |
) |
| Balance at 29 November 2024 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 29 November 2024 and 29 November 2023: |
| 2024 | 2023 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Interest on overdrawn directors loan accounts has been charged at 2.25%, the official rate of interest. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are Mr D P Liles and Mr J A L Anderton who both own 50% interest in the company. |