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REGISTERED NUMBER: 05825843 (England and Wales)



















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: Mr J A L Anderton
Mr D P Liles





REGISTERED OFFICE: Montpelier Chambers
61 - 63 High Street South
Dunstable
Bedfordshire
LU6 3SF





REGISTERED NUMBER: 05825843 (England and Wales)





ACCOUNTANTS: Foxley Kingham
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 52,669 54,917

CURRENT ASSETS
Debtors 6 3,797,997 2,565,855
Cash at bank 1,570,718 1,106,684
5,368,715 3,672,539
CREDITORS
Amounts falling due within one year 7 3,678,268 2,625,663
NET CURRENT ASSETS 1,690,447 1,046,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,743,116

1,101,793

PROVISIONS FOR LIABILITIES 8 11,229 11,366
NET ASSETS 1,731,887 1,090,427

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,731,787 1,090,327
SHAREHOLDERS' FUNDS 1,731,887 1,090,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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.

EMPOWERED S.M.S. LIMITED (REGISTERED NUMBER: 05825843)

BALANCE SHEET - continued
29 NOVEMBER 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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:




Mr J A L Anderton - Director



Mr D P Liles - Director


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 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 55 (2023 - 31 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 30 November 2023 54,729 3,694 12,307 134,324 205,054
Additions - - - 11,286 11,286
At 29 November 2024 54,729 3,694 12,307 145,610 216,340
DEPRECIATION
At 30 November 2023 21,892 3,694 10,672 113,879 150,137
Charge for year 2,736 - 327 10,471 13,534
At 29 November 2024 24,628 3,694 10,999 124,350 163,671
NET BOOK VALUE
At 29 November 2024 30,101 - 1,308 21,260 52,669
At 29 November 2023 32,837 - 1,635 20,445 54,917

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,378,051 2,068,162
Other debtors 296,664 258,140
Directors' loan accounts 29,360 -
Prepayments and deferred costs 93,922 239,553
3,797,997 2,565,855

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 2,024,775 1,078,743
Corporation tax 222,183 59,744
Taxation and social security 428,810 293,102
Other creditors 6,514 2,794
Directors' loan accounts - 145,673
Accruals and deferred income 995,986 1,045,607
3,678,268 2,625,663

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,229 11,366

Deferred
tax
£   
Balance at 30 November 2023 11,366
Credit to Income Statement during year (137 )
Balance at 29 November 2024 11,229

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
£    £   
Mr J A L Anderton
Balance outstanding at start of year - -
Amounts advanced 11,888 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,888 -

Mr D P Liles
Balance outstanding at start of year - -
Amounts advanced 17,473 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,473 -

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.