People Power Coaching Limited
Unaudited Financial Statements
For the year ended 31 January 2023
People Power Coaching Limited
Statement of financial position
As at 31 January 2023
31 January 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
2,092
2,790
Current assets
29,498
61,143
Creditors: amounts falling due within one year
(7,428)
(31,141)
Net current assets
22,070
30,002
Total assets less current liabilities
24,162
32,792
Creditors: amounts falling due after more than one year
(25,528)
(25,208)
Net (liabilities)/assets
(1,366)
7,584
Capital and reserves
(1,366)
7,584
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
At the balance sheet date, there was an overdrawn directors loan account totalling £29,065. This balance is free of interest and repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
1
3
Going concern
The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The director will continue to provide financial assistance to the company for at least 12 months from the date of approval of these financial statements and as such believes it is appropriate to prepare the accounts on a going concern basis.
People Power Coaching Limited is a private company limited by shares incorporated in England and Wales. The registered office is 135 Maritime Way, Ashton-on-Ribble, Preston, Lancashire, England, PR2 2HT.
For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
People Power Coaching Limited
Statement of financial position (continued)
As at 31 January 2023
31 January 2023
- 2 -
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 26 October 2023
Ms L Calland
Director
Company registration number 07499227 (England and Wales)