Inner Reach Coaching Ltd 14280542 false 2022-08-06 2023-08-31 2023-08-31 The principal activity of the company is Management consultancy activities other than financial management and Human resources provision and management of human resources functions Digita Accounts Production Advanced 6.30.9574.0 true true 14280542 2022-08-06 2023-08-31 14280542 2023-08-31 14280542 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-08-31 14280542 core:CurrentFinancialInstruments 2023-08-31 14280542 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 14280542 core:FurnitureFittingsToolsEquipment 2023-08-31 14280542 bus:SmallEntities 2022-08-06 2023-08-31 14280542 bus:AuditExemptWithAccountantsReport 2022-08-06 2023-08-31 14280542 bus:FullAccounts 2022-08-06 2023-08-31 14280542 bus:SmallCompaniesRegimeForAccounts 2022-08-06 2023-08-31 14280542 bus:RegisteredOffice 2022-08-06 2023-08-31 14280542 bus:CompanySecretary1 2022-08-06 2023-08-31 14280542 bus:Director1 2022-08-06 2023-08-31 14280542 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-08-06 2023-08-31 14280542 bus:PrivateLimitedCompanyLtd 2022-08-06 2023-08-31 14280542 core:FurnitureFittingsToolsEquipment 2022-08-06 2023-08-31 14280542 core:OfficeEquipment 2022-08-06 2023-08-31 14280542 countries:England 2022-08-06 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14280542

Inner Reach Coaching Ltd

Unaudited Filleted Financial Statements

for the Period from 6 August 2022 to 31 August 2023

 

Inner Reach Coaching Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Inner Reach Coaching Ltd

Company Information

Director

Jayshree Jupp

Company secretary

Grant Alan Jupp

Registered office

Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB

Accountants

Clever Accounts Ltd
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Inner Reach Coaching Ltd

(Registration number: 14280542)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

697

Current assets

 

Debtors

5,516

Cash at bank and in hand

 

5,359

 

10,875

Creditors: Amounts falling due within one year

(11,269)

Net current liabilities

 

(394)

Net assets

 

303

Capital and reserves

 

Called up share capital

5

100

Retained earnings

203

Shareholders' funds

 

303

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 December 2023
 

.........................................

Jayshree Jupp
Director

 

Inner Reach Coaching Ltd

Notes to the Unaudited Financial Statements for the Period from 6 August 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB
England

These financial statements were authorised for issue by the director on 1 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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 taxable income.

 

Inner Reach Coaching Ltd

Notes to the Unaudited Financial Statements for the Period from 6 August 2022 to 31 August 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Dell Laptop

3 Years Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Inner Reach Coaching Ltd

Notes to the Unaudited Financial Statements for the Period from 6 August 2022 to 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,030

1,030

At 31 August 2023

1,030

1,030

Depreciation

Charge for the period

333

333

At 31 August 2023

333

333

Carrying amount

At 31 August 2023

697

697

5

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Share of £1 each

100

100