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REGISTERED NUMBER: 06347734 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Leading Edge Coaching Limited

Leading Edge Coaching Limited (Registered number: 06347734)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leading Edge Coaching Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr P Marr





REGISTERED OFFICE: 102A Warwick Street
Leamington Spa
Warwickshire
CV32 4QP





REGISTERED NUMBER: 06347734 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

Leading Edge Coaching Limited (Registered number: 06347734)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,307 4,949

CURRENT ASSETS
Debtors 5 619,934 431,106
Cash at bank and in hand 11,091 10,501
631,025 441,607
CREDITORS
Amounts falling due within one year 6 549,194 351,876
NET CURRENT ASSETS 81,831 89,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,138

94,680

CREDITORS
Amounts falling due after more than one
year

7

(50,000

)

(81,522

)

PROVISIONS FOR LIABILITIES (1,261 ) (990 )
NET ASSETS 36,877 12,168

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 36,677 11,968
SHAREHOLDERS' FUNDS 36,877 12,168

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Leading Edge Coaching Limited (Registered number: 06347734)

Balance Sheet - continued
31 December 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 director and authorised for issue on 24 April 2024 and were signed by:





Mr P Marr - Director


Leading Edge Coaching Limited (Registered number: 06347734)

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

1. STATUTORY INFORMATION

Leading Edge Coaching Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on straight line
Computer equipment - 25% on straight line

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

Leading Edge Coaching Limited (Registered number: 06347734)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 25,653 50,677 76,330
Additions 1,962 3,302 5,264
At 31 December 2023 27,615 53,979 81,594
DEPRECIATION
At 1 January 2023 25,653 45,728 71,381
Charge for year 654 3,252 3,906
At 31 December 2023 26,307 48,980 75,287
NET BOOK VALUE
At 31 December 2023 1,308 4,999 6,307
At 31 December 2022 - 4,949 4,949

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 354,007 225,456
Directors' loan accounts 251,336 198,788
Prepayments 6,866 6,862
612,209 431,106

Amounts falling due after more than one year:
Amounts owed by group undertakings 7,725 -

Aggregate amounts 619,934 431,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 84,852 60,698
Trade creditors 96,271 53,030
Tax 176,044 89,367
Social security and other taxes 40,282 108,106
VAT 146,593 68,371
Other creditors 5,152 2,304
Accruals and deferred income - (30,000 )
549,194 351,876

Leading Edge Coaching Limited (Registered number: 06347734)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 30,000 50,000
Amounts owed to group undertakings - 11,522
50,000 81,522

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P Marr and Mrs E Marr, who together own 100% of the issued share capital.