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REGISTERED NUMBER: 05541059 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Red Kite Performance Coaching Limited

Red Kite Performance Coaching Limited (Registered number: 05541059)






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


Red Kite Performance Coaching Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Ms J Stoddart





SECRETARY: Ms M E Buckley





REGISTERED OFFICE: 43 Aylesbury Road
Hockley Heath
Solihull
West Midlands
B94 6PD





REGISTERED NUMBER: 05541059 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Red Kite Performance Coaching Limited (Registered number: 05541059)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 1,625 2,110

CURRENT ASSETS
Inventories 6 2,299 700
Debtors 7 77,460 58,765
Cash at bank 7,811 88
87,570 59,553
CREDITORS
Amounts falling due within one
year

8

57,525

48,114
NET CURRENT ASSETS 30,045 11,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,670

13,549

CREDITORS
Amounts falling due after more
than one year

9

(8,693

)

(12,754

)

PROVISIONS FOR LIABILITIES (309 ) (401 )
NET ASSETS 22,668 394

CAPITAL AND RESERVES
Called up share capital 11 350 350
Retained earnings 12 22,318 44
22,668 394

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 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.

Red Kite Performance Coaching Limited (Registered number: 05541059)

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 director and authorised for issue on 24 November 2023 and were signed by:





Ms J Stoddart - Director


Red Kite Performance Coaching Limited (Registered number: 05541059)

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

1. STATUTORY INFORMATION

Red Kite Performance 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents invoiced sale of goods and services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Red Kite Performance Coaching Limited (Registered number: 05541059)

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

3. 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.

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 2,334 1,067 3,401
Disposals - (302 ) (302 )
At 31 March 2023 2,334 765 3,099
DEPRECIATION
At 1 April 2022 545 746 1,291
Charge for year 233 252 485
Eliminated on disposal - (302 ) (302 )
At 31 March 2023 778 696 1,474
NET BOOK VALUE
At 31 March 2023 1,556 69 1,625
At 31 March 2022 1,789 321 2,110

6. INVENTORIES
31.3.23 31.3.22
£    £   
Stocks 2,299 700

Red Kite Performance Coaching Limited (Registered number: 05541059)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 77,385 55,163
Prepayments and accrued income 75 3,602
77,460 58,765

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 10)
3,975

12,189
Trade creditors 6,247 9,972
Tax 19,057 9,304
Social security and other
taxes

19,480

10,945
Other creditors 6,436 2,298
Directors' loan accounts 254 1,210
Accruals and deferred income 2,076 2,196
57,525 48,114

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 8,693 12,754

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 8,276
Bank loans 3,975 3,913
3,975 12,189

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,079 3,986

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,614 8,768

Red Kite Performance Coaching Limited (Registered number: 05541059)

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

11. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number Class Nominal 31.3.23 31.3.22
value £    £   
350 Ordinary £1 350
279 A Shares £1 279
1 B Shares £1 1
35 C Shares £1 35
35 D Shares £1 35
----- -----
350 350
----- -----

The ordinary shares were reclassified as A, B, C and D shares during the year for cash at par.

12. RESERVES
Retained
earnings
£   

At 1 April 2022 44
Profit for the year 79,874
Dividends (57,600 )
At 31 March 2023 22,318

13. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements - -

14. RELATED PARTY DISCLOSURES

In the year under review, the company received loans from members of key management personnel and at the balance sheet date the company owed £254 (2022 - £1,210) in respect of these loans. These loans are unsecured and interest free with no specific repayment terms and is presented within creditors due within one year.