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REGISTERED NUMBER: SC606836 (Scotland)




















The Edge Coaching and Consulting Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






The Edge Coaching and Consulting Ltd (Registered number: SC606836)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Edge Coaching and Consulting Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A S Duncan
E Black





REGISTERED OFFICE: Unit 13
Mill Walk Business Park
North Berwick
East Lothian
EH39 5NB





REGISTERED NUMBER: SC606836 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

The Edge Coaching and Consulting Ltd (Registered number: SC606836)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 430 1,290
Tangible assets 5 3,391 2,544
3,821 3,834

CURRENT ASSETS
Debtors 6 15,764 22,951
Cash at bank 24,554 25,342
40,318 48,293
CREDITORS
Amounts falling due within one year 7 11,895 22,511
NET CURRENT ASSETS 28,423 25,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,244

29,616

PROVISIONS FOR LIABILITIES 725 728
NET ASSETS 31,519 28,888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,419 28,788
31,519 28,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Edge Coaching and Consulting Ltd (Registered number: SC606836)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





A S Duncan - Director


The Edge Coaching and Consulting Ltd (Registered number: SC606836)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Edge Coaching and Consulting Ltd is a private company, limited by shares , registered in Scotland. 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 represents invoiced consultancy fees. Revenue from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


The Edge Coaching and Consulting Ltd (Registered number: SC606836)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 4,300
AMORTISATION
At 1 April 2022 3,010
Charge for year 860
At 31 March 2023 3,870
NET BOOK VALUE
At 31 March 2023 430
At 31 March 2022 1,290

The Edge Coaching and Consulting Ltd (Registered number: SC606836)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,882
Additions 3,654
Disposals (1,098 )
At 31 March 2023 9,438
DEPRECIATION
At 1 April 2022 4,338
Charge for year 2,796
Eliminated on disposal (1,087 )
At 31 March 2023 6,047
NET BOOK VALUE
At 31 March 2023 3,391
At 31 March 2022 2,544

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 21,701
Other debtors 15,764 1,250
15,764 22,951

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,702 20,186
Other creditors 3,193 2,325
11,895 22,511

The Edge Coaching and Consulting Ltd (Registered number: SC606836)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
A S Duncan
Balance outstanding at start of year - -
Amounts advanced 2,626 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,626 -