Registered number
11212623
Nick Hibberd Sports Coaching Trading as Onside Coaching (North Oxfordshire and North Gloucestershire) Ltd
Filleted Accounts
28 February 2023
Nick Hibberd Sports Coaching Trading as Onside Coaching (North Oxfordshire and North Gloucestershire) Ltd
Registered number: 11212623
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 2,100
Current assets
Debtors 4 2,869 -
Cash at bank and in hand 17,197 12,167
20,066 12,167
Creditors: amounts falling due within one year 5 (16,908) (13,387)
Net current assets/(liabilities) 3,158 (1,220)
Total assets less current liabilities 3,158 880
Creditors: amounts falling due after more than one year 6 - (733)
Net assets 3,158 147
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,157 146
Shareholder's funds 3,158 147
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N.Hibberd
Director
Approved by the board on 17 November 2023
Nick Hibberd Sports Coaching Trading as Onside Coaching (North Oxfordshire and North Gloucestershire) Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 10,500
At 28 February 2023 10,500
Amortisation
At 1 March 2022 8,400
Provided during the year 2,100
At 28 February 2023 10,500
Net book value
At 28 February 2023 -
At 28 February 2022 2,100
Franchises are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2023 2022
£ £
Trade debtors 2,869 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,853 7,200
Trade creditors 1,039 761
Taxation and social security costs 5,128 1,386
Other creditors 4,888 4,040
16,908 13,387
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 733
7 Controlling party
The company is under the control of N. Hibberd
8 Other information
Nick Hibberd Sports Coaching Trading as Onside Coaching (North Oxfordshire and North Gloucestershire) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Lower Green
Lower Brailes
Banbury
Oxon
OX15 5HZ
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