Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0Coaching Consultant2022-01-05false1truetrue 13829074 2022-01-04 13829074 2022-01-05 2023-03-31 13829074 2021-01-05 2022-01-04 13829074 2023-03-31 13829074 c:Director1 2022-01-05 2023-03-31 13829074 d:CurrentFinancialInstruments 2023-03-31 13829074 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13829074 d:ShareCapital 2023-03-31 13829074 d:RetainedEarningsAccumulatedLosses 2023-03-31 13829074 c:OrdinaryShareClass1 2022-01-05 2023-03-31 13829074 c:OrdinaryShareClass1 2023-03-31 13829074 c:FRS102 2022-01-05 2023-03-31 13829074 c:AuditExempt-NoAccountantsReport 2022-01-05 2023-03-31 13829074 c:FullAccounts 2022-01-05 2023-03-31 13829074 c:PrivateLimitedCompanyLtd 2022-01-05 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13829074














POTENT COACHING LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

 
POTENT COACHING LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
POTENT COACHING LTD
REGISTERED NUMBER:13829074

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
32

Cash at bank and in hand
  
14,856

  
14,888

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(9,623)

  

Net assets
  
5,265


Capital and reserves
  

Called up share capital 
 6 
1

Profit and loss account
  
5,264

  
5,265


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2023.




E C Shutes
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
POTENT COACHING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The Company's legal form is that of a private limited company registered in England & Wales. The Company's registered office is at 2nd Floor, Connaught House, 1-3 Mount Street, (Entrance via Davies Street), London, United Kingdom, W1K 3NB.
The Company was incorporated on 5 January 2022 and commenced trading on the same date. 
The principal activity of the Company is that of providing coaching services.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised in the period in which the service is provided.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short term debtors are measured at the transaction price.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
POTENT COACHING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The director was the only employee of the Company during the current period.



4.


Debtors

2023
£


Prepayments
32



5.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
99

Corporation tax
5,804

Other taxation and social security
1,076

Other creditors
244

Accruals
2,400

9,623


Page 3

 
POTENT COACHING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation, 1 Ordinary share of £1 was allotted and fully paid at par to provide initial working capital.

 
Page 4