2 31/07/2023 2023-07-31 false false false false false false false false false false true false false true false false false false false false false 2022-08-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09125177 2022-08-01 2023-07-31 09125177 2023-07-31 09125177 2021-08-01 2022-07-31 09125177 2022-07-31 09125177 bus:RegisteredOffice 2022-08-01 2023-07-31 09125177 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09125177 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 09125177 bus:Director1 2022-08-01 2023-07-31 09125177 bus:Director2 2022-08-01 2023-07-31 09125177 core:WithinOneYear 2023-07-31 09125177 core:WithinOneYear 2022-07-31 09125177 core:ShareCapital 2023-07-31 09125177 core:ShareCapital 2022-07-31 09125177 core:RetainedEarningsAccumulatedLosses 2023-07-31 09125177 core:RetainedEarningsAccumulatedLosses 2022-07-31 09125177 bus:OrdinaryShareClass1 core:ShareCapital 2023-07-31 09125177 bus:OrdinaryShareClass1 core:ShareCapital 2022-07-31 09125177 bus:SmallEntities 2022-08-01 2023-07-31 09125177 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09125177 bus:FullAccounts 2022-08-01 2023-07-31 09125177 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09125177 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Strengths Focused Leadership Ltd
Filleted accounts
31 July 2023
Company registration number: 09125177
Strengths Focused Leadership Ltd
Directors and other information
Directors M J Roarty
K A Toogood
Company number 09125177
Registered office The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Accountants Cox Hinkins & Co. Limited
Accountants & Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Strengths Focused Leadership Ltd
Balance sheet
31st July 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 71,493 11,818
Cash at bank and in hand 73,858 45,927
_______ _______
145,351 57,745
Creditors: amounts falling due
within one year 6 ( 78,455) ( 19,479)
_______ _______
Net current assets 66,896 38,266
_______ _______
Net assets 66,896 38,266
_______ _______
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 66,796 38,166
_______ _______
Shareholders funds 66,896 38,266
_______ _______
For the year ending 31 July 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.
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 Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 April 2024 , and are signed on behalf of the board by:
M J Roarty
Director
Company registration number: 09125177
Strengths Focused Leadership Ltd
Notes to the financial statements
Year ended 31st July 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be the provision of training, coaching & organisational development services .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 not recognised in respect of any timing differences at the reporting date as all are insignificant.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
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 2 (2022: 2 ).
5. Debtors
2023 2022
£ £
Trade debtors 71,035 11,783
Other debtors 458 35
_______ _______
71,493 11,818
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 185
Social security and other taxes 35,170 17,747
Other creditors 43,285 1,547
_______ _______
78,455 19,479
_______ _______
7. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______