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REGISTERED NUMBER: 10463670 (England and Wales)












Distinctions Executive And Business
Coaching Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Distinctions Executive And Business
Coaching Limited (Registered number: 10463670)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Distinctions Executive And Business
Coaching Limited

Company Information
for the Year Ended 30 November 2023







Director: Ms J Bown





Registered office: 12 Strachey Close
Tidmarsh
Reading
Berkshire
RG8 8EP





Registered number: 10463670 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Distinctions Executive And Business
Coaching Limited (Registered number: 10463670)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 532 1,239

Current assets
Debtors 5 39,329 38,914

Creditors
Amounts falling due within one year 6 38,820 39,837
Net current assets/(liabilities) 509 (923 )
Total assets less current liabilities 1,041 316

Provisions for liabilities 101 268
Net assets 940 48

Capital and reserves
Called up share capital 7 1 1
Retained earnings 939 47
Shareholders' funds 940 48

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Distinctions Executive And Business
Coaching Limited (Registered number: 10463670)

Balance Sheet - continued
30 November 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 23 April 2024 and were signed by:





Ms J Bown - Director


Distinctions Executive And Business
Coaching Limited (Registered number: 10463670)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Distinctions Executive And Business 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.
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Distinctions Executive And Business
Coaching Limited (Registered number: 10463670)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 December 2022
and 30 November 2023 2,833
Depreciation
At 1 December 2022 1,594
Charge for year 707
At 30 November 2023 2,301
Net book value
At 30 November 2023 532
At 30 November 2022 1,239

5. Debtors: amounts falling due within one year
30.11.23 30.11.22
£    £   
Trade debtors 11,665 7,126
Directors' current accounts 27,664 16,078
Accrued income - 15,710
39,329 38,914

6. Creditors: amounts falling due within one year
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 23,838 28,729
Corporation tax 6,952 8,476
VAT 8,030 2,632
38,820 39,837

Distinctions Executive And Business
Coaching Limited (Registered number: 10463670)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1p 1 1

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Ms J Bown
Balance outstanding at start of year 16,078 (275 )
Amounts advanced 28,989 29,143
Amounts repaid (17,403 ) (12,790 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,664 16,078

The loan attracts a commercial rate of interest and is fully repayable on demand.