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Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MPower1 International Limited

MPower1 International Limited (Registered number: 09173559)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPower1 International Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S J Theobald
M Carroll
I K Leeper





SECRETARY: S J Theobald





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 09173559 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

MPower1 International Limited (Registered number: 09173559)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,633 644

CURRENT ASSETS
Debtors 5 180,297 251,358
Cash at bank 304,794 239,403
485,091 490,761
CREDITORS
Amounts falling due within one year 6 210,502 206,229
NET CURRENT ASSETS 274,589 284,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,222

285,176

CAPITAL AND RESERVES
Called up share capital 7 79 79
Retained earnings 278,143 285,097
SHAREHOLDERS' FUNDS 278,222 285,176

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:





S J Theobald - Director


MPower1 International Limited (Registered number: 09173559)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

MPower1 International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover represents net invoiced sales of goods/services, excluding VAT, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MPower1 International Limited (Registered number: 09173559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 10,762
Additions 4,022
At 31 December 2024 14,784
DEPRECIATION
At 1 January 2024 10,118
Charge for year 1,033
At 31 December 2024 11,151
NET BOOK VALUE
At 31 December 2024 3,633
At 31 December 2023 644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 64,352
Amounts owed by group undertakings 131,746 130,596
Other debtors 1,010 1,010
VAT 1,460 1,106
Prepayments and accrued income 46,081 54,294
180,297 251,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,330 8,427
Amounts owed to group undertakings 60,500 60,692
Tax 68,686 59,216
Social security and other taxes 1,983 5,410
Directors' current accounts 39,591 39,591
Accrued expenses 33,412 32,893
210,502 206,229

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,500 Ordinary A £0.01 75 75
395 Ordinary B £0.01 4 4
79 79