Company registration number 06137257 (England and Wales)
THE SAFETY COACH ACADEMY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
THE SAFETY COACH ACADEMY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE SAFETY COACH ACADEMY LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,611
18,553
Current assets
Debtors
4
32,041
35,128
Cash at bank and in hand
40,207
37,018
72,248
72,146
Creditors: amounts falling due within one year
5
(55,623)
(47,939)
Net current assets
16,625
24,207
Total assets less current liabilities
30,236
42,760
Creditors: amounts falling due after more than one year
6
(8,506)
(13,139)
Provisions for liabilities
(2,962)
(3,525)
Net assets
18,768
26,096
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
17,768
25,096
Total equity
18,768
26,096

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

THE SAFETY COACH ACADEMY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 April 2024
Mr C  Lilley
Director
Company registration number 06137257 (England and Wales)
THE SAFETY COACH ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

The Safety Coach Academy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 46 Bure Haven Drive, Mudeford, Christchurch, Dorset, BH23 4BT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THE SAFETY COACH ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, 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

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.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2022
3,175
3,245
22,500
28,920
Additions
-
0
690
-
0
690
At 31 July 2023
3,175
3,935
22,500
29,610
Depreciation and impairment
At 1 August 2022
1,712
2,678
5,977
10,367
Depreciation charged in the year
366
1,135
4,131
5,632
At 31 July 2023
2,078
3,813
10,108
15,999
Carrying amount
At 31 July 2023
1,097
122
12,392
13,611
At 31 July 2022
1,463
567
16,523
18,553
THE SAFETY COACH ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,500
-
0
Other debtors
30,541
35,128
32,041
35,128
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
4,199
4,086
Taxation and social security
26,897
19,453
Other creditors
24,527
24,400
55,623
47,939

The bank loan is secured by way of guarantee by the UK Government.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,506
13,139

The bank loan is secured by way of guarantee by the UK Government.

7
Directors' transactions

During the year, the director entered into the following advances and credits with the company:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan to Director
2.25
32,314
41,254
(46,737)
26,831
32,314
41,254
(46,737)
26,831
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