Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-3022022-10-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11579388 2022-10-01 2023-09-30 11579388 2021-10-01 2022-09-30 11579388 2023-09-30 11579388 2022-09-30 11579388 c:Director1 2022-10-01 2023-09-30 11579388 d:CurrentFinancialInstruments 2023-09-30 11579388 d:CurrentFinancialInstruments 2022-09-30 11579388 d:Non-currentFinancialInstruments 2023-09-30 11579388 d:Non-currentFinancialInstruments 2022-09-30 11579388 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11579388 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11579388 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11579388 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11579388 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 11579388 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 11579388 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 11579388 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 11579388 d:ShareCapital 2023-09-30 11579388 d:ShareCapital 2022-09-30 11579388 d:RetainedEarningsAccumulatedLosses 2023-09-30 11579388 d:RetainedEarningsAccumulatedLosses 2022-09-30 11579388 c:FRS102 2022-10-01 2023-09-30 11579388 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 11579388 c:FullAccounts 2022-10-01 2023-09-30 11579388 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11579388 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 11579388










RECONNECT COACHING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
RECONNECT COACHING LIMITED
REGISTERED NUMBER: 11579388

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
60,208
94,517

Cash at bank and in hand
  
26,097
1,554

  
86,305
96,071

Creditors: amounts falling due within one year
 5 
(32,282)
(30,818)

Net current assets
  
 
 
54,023
 
 
65,253

Total assets less current liabilities
  
54,023
65,253

Creditors: amounts falling due after more than one year
 6 
(9,112)
(10,632)

  

Net assets
  
44,911
54,621


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
44,910
54,620

  
44,911
54,621


Page 1

 
RECONNECT COACHING LIMITED
REGISTERED NUMBER: 11579388
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his 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 income statement 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 by: 




................................................
Garath Symonds
Director

Date: 18 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RECONNECT COACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Reconnect Coaching Limited is a private company limited by shares and incorporated in England and Wales, registration number 11579388. The registered office is Commerce House, The Street, Grundisburgh, Woodbridge, England, IP13 6TD. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Going concern

The Directors have considered the Company's position at the time of signing the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existance for the forseeable future and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
RECONNECT COACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 4

 
RECONNECT COACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.12

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 average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
36,864
36,495

Other debtors
22,966
43,257

Prepayments and accrued income
378
14,765

60,208
94,517



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,038
3,037

Trade creditors
-
7,425

Corporation tax
10,921
18,196

Other taxation and social security
7,885
-

Other creditors
4,938
-

Accruals and deferred income
5,500
2,160

32,282
30,818


Page 5

 
RECONNECT COACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,112
10,632

9,112
10,632



7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,038
3,037


3,038
3,037

Amounts falling due 1-2 years

Bank loans
3,038
3,038


3,038
3,038

Amounts falling due 2-5 years

Bank loans
6,074
7,594


6,074
7,594


12,150
13,669



8.


Prior year adjustment

The financial statements have been restated as a result of a reclassification within the profit or loss. The restatement has resulted in no impact in retained earnings as the adjustment was a reclassification adjustment.

 
Page 6