REGISTERED NUMBER: 06929782 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EMPOWERING LIVES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

156,650

158,955

CURRENT ASSETS

Debtors

5

10,193

8,536

Cash at bank and in hand

143,237

78,037

153,430

86,573

CREDITORS

Amounts falling due within one year

6

88,365

70,336

NET CURRENT ASSETS

65,065

16,237

TOTAL ASSETS LESS CURRENT LIABILITIES

221,715

175,192

CREDITORS

Amounts falling due after more than one year

7

-

57,771

NET ASSETS

221,715

117,421

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

221,713

117,419

SHAREHOLDERS' FUNDS

221,715

117,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:

Ms B J Burbridge - Director

Ms E L Wheatley - Director

1.	STATUTORY INFORMATION

Empowering Lives Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06929782

Registered office:

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

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 sales of services during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures, fittings and equipment

-

15% on reducing balance

No depreciation is charged on the freehold property which has not been revalued.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2024 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

Plant and

and

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

146,239

21,448

31,266

198,953

DEPRECIATION

At 1 April 2024

-

17,495

22,503

39,998

Charge for year

-

990

1,315

2,305

At 31 March 2025

-

18,485

23,818

42,303

NET BOOK VALUE

At 31 March 2025

146,239

2,963

7,448

156,650

At 31 March 2024

146,239

3,953

8,763

158,955

The freehold property is considered by the directors to remain at fair value with no material change in value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,193

8,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

5,086

Trade creditors

8,560

7,735

Corporation tax

58,284

37,144

Social security and other taxes

13,890

12,740

Directors' current accounts

3,731

3,731

Accruals and deferred income

3,900

3,900

88,365

70,336

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

20,343

Bank loans more than 5 years

-

37,428

-

57,771

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

37,428

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

62,857

A fixed and floating charge by Natwest PLC existed dated 22 August 2016. A registered charge by NatWest PLC also existed dated 26 January 2017 over the freehold property. These were both satisfied on 9 April 2025.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2024

117,419

Profit for the year

173,502

Dividends

(69,208

)

At 31 March 2025

221,713

11.	RELATED PARTY DISCLOSURES

During the year the company rented properties from Ms B J Burbridge, Ms E L Wheatley and their respective partners at normal market rates, the total of which amounted to £82,467 (2024: £106,015).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms B J Burbridge and Ms E LWheatley.