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REGISTERED NUMBER: 06281453 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 March 2022

for

Chameleon Business Coaching Limited

Chameleon Business Coaching Limited (Registered number: 06281453)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Chameleon Business Coaching Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: A S Hemming
K R Hemming





SECRETARY: K R Hemming





REGISTERED OFFICE: 27 Greenbox
Weston Hall Road
Stoke Prior
Bromsgrove
B60 4AL





REGISTERED NUMBER: 06281453 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chameleon Business Coaching Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chameleon Business Coaching Limited for the year ended 31 March 2022 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chameleon Business Coaching Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chameleon Business Coaching Limited and state those matters that we have agreed to state to the Board of Directors of Chameleon Business Coaching Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chameleon Business Coaching Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chameleon Business Coaching Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chameleon Business Coaching Limited. You consider that Chameleon Business Coaching Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chameleon Business Coaching Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


18 July 2022

Chameleon Business Coaching Limited (Registered number: 06281453)

Balance Sheet
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 54,750 56,000
Tangible assets 5 113,269 133,364
168,019 189,364

CURRENT ASSETS
Stocks 12,565 -
Debtors 6 44,449 45,251
Cash at bank 81,142 64,248
138,156 109,499
CREDITORS
Amounts falling due within one year 7 (130,698 ) (84,991 )
NET CURRENT ASSETS 7,458 24,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,477

213,872

CREDITORS
Amounts falling due after more than
one year

8

(153,099

)

(187,824

)

PROVISIONS FOR LIABILITIES (21,521 ) (25,339 )
NET ASSETS 857 709

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 757 609
857 709

Chameleon Business Coaching Limited (Registered number: 06281453)

Balance Sheet - continued
31 March 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 18 July 2022 and were signed on its behalf by:




A S Hemming - Director



K R Hemming - Director


Chameleon Business Coaching Limited (Registered number: 06281453)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Chameleon Business Coaching 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 10% on cost
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Chameleon Business Coaching Limited (Registered number: 06281453)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2021 70,000
Additions 6,000
At 31 March 2022 76,000
AMORTISATION
At 1 April 2021 14,000
Amortisation for year 7,250
At 31 March 2022 21,250
NET BOOK VALUE
At 31 March 2022 54,750
At 31 March 2021 56,000

Chameleon Business Coaching Limited (Registered number: 06281453)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 10,116 27,440 107,968 49,416 194,940
Additions - 2,840 - 10,594 13,434
Disposals - - - (19,226 ) (19,226 )
At 31 March 2022 10,116 30,280 107,968 40,784 189,148
DEPRECIATION
At 1 April 2021 3,727 14,163 8,998 34,688 61,576
Charge for year 1,012 3,814 19,794 8,909 33,529
Eliminated on disposal - - - (19,226 ) (19,226 )
At 31 March 2022 4,739 17,977 28,792 24,371 75,879
NET BOOK VALUE
At 31 March 2022 5,377 12,303 79,176 16,413 113,269
At 31 March 2021 6,389 13,277 98,970 14,728 133,364

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 13,210 2,367
Other debtors 31,239 42,884
44,449 45,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 20,950 17,882
Hire purchase contracts 13,333 10,950
Trade creditors 2,882 4,553
Taxation and social security 88,896 48,153
Other creditors 4,637 3,453
130,698 84,991

Chameleon Business Coaching Limited (Registered number: 06281453)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 77,535 98,927
Hire purchase contracts 75,564 88,897
153,099 187,824

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,040

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 88,897 99,847
Bank loans 56,817 66,809
145,714 166,656

10. RELATED PARTY DISCLOSURES

During the year the company made a loan to the directors, A Hemming and K Hemming. The loan was unsecured and repayable on demand. The maximum amount outstanding during the year was £36,019. Interest was charged at the official rate of interest. The amount outstanding at 31 March 2022 was £26,706 ( 2021 - £34,997).