Company No: 12701260 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C Beviss
	J Beviss
	J Mcveigh
	J Watt

REGISTERED OFFICE	Unit 2 Prockters Farm Offices
	West Monkton
	Taunton
	TA2 8QN
	United Kingdom

COMPANY NUMBER

12701260 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Blackbrook Gate 1
	Blackbrook Business Park
	Taunton
	Somerset TA1 2PX

		31.08.2022		31.08.2021
		£		£
Current assets
Debtors	4	38,564		10,727
Cash at bank and in hand		15,668		11,773
		54,232		22,500
Creditors: amounts falling due within one year	5	( 36,492)		( 101,799)
Net current assets/(liabilities)		17,740		(79,299)
Total assets less current liabilities		17,740		(79,299)
Net assets/(liabilities)		17,740		( 79,299)
Capital and reserves
Called-up share capital	6	1		1
Profit and loss account		17,739		( 79,300 )
Total shareholder's funds/(deficit)		17,740		( 79,299)

For the financial year ending 31 August 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Empower Fostering Limited (registered number: 12701260) were approved and authorised for issue by the Board of Directors on 21 March 2023. They were signed on its behalf by:

J Beviss Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Empower Fostering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Prockters Farm Offices, West Monkton, Taunton, TA2 8QN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Critical accounting judgements and key sources of estimation uncertainty

The principle accounting policies applied in the preparation of these financial statements are set out below. The director does not consider that significant estimates or judgements have been made during the preparation of the financial statements impacting the results and position reported.

3. Employees

	Year ended 31.08.2022		Period from 29.06.2020 to 31.08.2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		6

4. Debtors

	31.08.2022		31.08.2021
	£		£
Trade debtors	34,024		10,254
Prepayments	4,140		473
Other debtors	400		0
	38,564		10,727

5. Creditors: amounts falling due within one year

	31.08.2022		31.08.2021
	£		£
Trade creditors	148		0
Amounts owed to Group undertakings	22,895		29,999
Accruals and deferred income	11,310		1,800
Corporation tax	2,139		0
Other creditors	0		70,000
	36,492		101,799

6. Called-up share capital

	31.08.2022		31.08.2021
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1