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COMPANY REGISTRATION NUMBER: 05240332
JDR Business Coaches Limited
Filleted Unaudited Financial Statements
30 June 2023
JDR Business Coaches Limited
Financial Statements
Year ended 30 June 2023
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
JDR Business Coaches Limited
Officers and Professional Advisers
The board of directors Mr D Roberts
- Director
Miss L Mordue
- Director
Mr W Williamson
- Director
Company secretary
Miss L Mordue
Registered office
15 Brunel Parkway
Pride Park
Derby
DE24 8HR
Accountants
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton in Ashfield
Nottinghamshire
NG17 4EA
JDR Business Coaches Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
184,557
83,253
Current assets
Debtors
7
716,322
456,882
Cash at bank and in hand
1,084,541
1,278,547
------------
------------
1,800,863
1,735,429
Creditors: amounts falling due within one year
8
416,908
411,350
------------
------------
Net current assets
1,383,955
1,324,079
------------
------------
Total assets less current liabilities
1,568,512
1,407,332
Creditors: amounts falling due after more than one year
9
270,499
220,924
Provisions
35,066
15,818
------------
------------
Net assets
1,262,947
1,170,590
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,262,945
1,170,588
------------
------------
Shareholders funds
1,262,947
1,170,590
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JDR Business Coaches Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 5 September 2023 , and are signed on behalf of the board by:
Mr D Roberts
Miss L Mordue
Director
Director
Company registration number: 05240332
JDR Business Coaches Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Brunel Parkway, Pride Park, Derby, DE24 8HR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Video Production
-
3 Years straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 38 (2022: 27 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
10,000
--------
Amortisation
At 1 July 2022 and 30 June 2023
10,000
--------
Carrying amount
At 30 June 2023
--------
At 30 June 2022
--------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer Software
Video Production
Total
£
£
£
£
£
£
Cost
At 1 Jul 2022
25,587
110,856
48,451
3,708
188,602
Additions
8,333
6,690
108,000
123,023
--------
---------
---------
--------
-------
---------
At 30 Jun 2023
33,920
117,546
108,000
48,451
3,708
311,625
--------
---------
---------
--------
-------
---------
Depreciation
At 1 Jul 2022
10,231
47,163
44,247
3,708
105,349
Charge for the year
3,839
16,829
1,051
21,719
--------
---------
---------
--------
-------
---------
At 30 Jun 2023
14,070
63,992
45,298
3,708
127,068
--------
---------
---------
--------
-------
---------
Carrying amount
At 30 Jun 2023
19,850
53,554
108,000
3,153
184,557
--------
---------
---------
--------
-------
---------
At 30 Jun 2022
15,356
63,693
4,204
83,253
--------
---------
---------
--------
-------
---------
7. Debtors
2023
2022
£
£
Trade debtors
245,897
192,330
Other debtors
470,425
264,552
---------
---------
716,322
456,882
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
74,792
35,800
Trade creditors
19,815
47,354
Corporation tax
147,106
175,524
Social security and other taxes
51,077
128,633
Other creditors
124,118
24,039
---------
---------
416,908
411,350
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
270,499
220,924
---------
---------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Roberts
( 2,378)
230,263
( 274,500)
( 46,615)
Miss L Mordue
( 1,794)
233,058
( 274,500)
( 43,236)
Mr W Williamson
( 14,400)
( 14,400)
( 28,800)
--------
---------
---------
---------
( 18,572)
463,321
( 563,400)
( 118,651)
--------
---------
---------
---------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Roberts
( 1,187)
150,809
( 152,000)
( 2,378)
Miss L Mordue
( 1,187)
151,393
( 152,000)
( 1,794)
Mr W Williamson
( 7,010)
( 7,390)
( 14,400)
-------
---------
---------
--------
( 9,384)
302,202
( 311,390)
( 18,572)
-------
---------
---------
--------