Empower Inc Limited - Accounts to registrar (filleted) - small 18.2

Empower Inc Limited - Accounts to registrar (filleted) - small 18.2

EMPOWER INC LIMITED - Company Information

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REGISTERED NUMBER: 05363658















Unaudited Financial Statements for the Year Ended 29 February 2020

for

Empower Inc Limited
Empower Inc Limited (Registered number: 05363658)






Contents of the Financial Statements
for the Year Ended 29 February 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Empower Inc Limited

Company Information
for the Year Ended 29 February 2020







DIRECTOR: A Dahimene





SECRETARY:





REGISTERED OFFICE: 49-51 East Road
London
London
N1 6AH





REGISTERED NUMBER: 05363658





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
Suite 310E, East Wing
Sterling House
Langston Road
Loughton
Essex
IG10 3TS
Page 1
Empower Inc Limited (Registered number: 05363658)

Balance Sheet
29 February 2020

29.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,752 9,003
Investments 5 7,000 7,000
13,752 16,003

CURRENT ASSETS
Cash in hand 436 436

CREDITORS
Amounts falling due within one year 6 6,580 6,460
NET CURRENT LIABILITIES (6,144 ) (6,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,608
9,979

CREDITORS
Amounts falling due after more than one year 7 3,370 -
NET ASSETS 4,238 9,979

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,138 9,879
SHAREHOLDERS' FUNDS 4,238 9,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2021 and were signed by:




A Dahimene - Director


The notes form part of these financial statements

Page 2
Empower Inc Limited (Registered number: 05363658)

Notes to the Financial Statements
for the Year Ended 29 February 2020

1. STATUTORY INFORMATION

Empower Inc Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2019
and 29 February 2020 412 11,520 13,093 25,025
DEPRECIATION
At 1 March 2019 412 5,040 10,570 16,022
Charge for year - 1,620 631 2,251
At 29 February 2020 412 6,660 11,201 18,273
NET BOOK VALUE
At 29 February 2020 - 4,860 1,892 6,752
At 28 February 2019 - 6,480 2,523 9,003

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2019
and 29 February 2020 7,000
NET BOOK VALUE
At 29 February 2020 7,000
At 28 February 2019 7,000

Page 3 continued...
Empower Inc Limited (Registered number: 05363658)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Bank loans and overdrafts 3,360 3,360
Trade creditors 3,100 3,100
Accrued expenses 120 -
6,580 6,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.20 28.2.19
£    £   
Directors' loan accounts 3,370 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is A Dahimene.

Page 4