Empower Inc Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05363658

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Empower Inc Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

Mae House

96 George Lane

South Woodford

London

E18 1AD

FIXED ASSETS

Tangible assets

3

12,041

Investments

4

7,000

19,041

CURRENT ASSETS

Cash in hand

1,274

CREDITORS

Amounts falling due within one year

5

10,447

NET CURRENT LIABILITIES

(9,173

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,868

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

9,768

SHAREHOLDERS' FUNDS

9,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 November 2017 and were signed by:

A Dahimene - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2016

412

-

13,093

13,505

Additions

-

11,520

-

11,520

At 28 February 2017

412

11,520

13,093

25,025

DEPRECIATION

At 1 March 2016

375

-

8,608

8,983

Charge for year

-

2,880

1,121

4,001

At 28 February 2017

375

2,880

9,729

12,984

NET BOOK VALUE

At 28 February 2017

37

8,640

3,364

12,041

At 29 February 2016

37

-

4,485

4,522

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2016

and 28 February 2017

7,000

NET BOOK VALUE

At 28 February 2017

7,000

At 29 February 2016

7,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

9,691

Trade creditors

36

Accrued expenses

720

10,447

6.	ULTIMATE CONTROLLING PARTY

The controlling party is A Dahimene.