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Elite Coaching Solutions Limited
Registered Number:05931219
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Elite Coaching Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05931219
As at 31 October 2023
Elite Coaching Solutions Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
161
1,276
3
161
1,276
Current assets
Inventories
2,213
2,213
4
Trade and other receivables
58,544
36,336
5
1
Cash and cash equivalents
1
38,550
60,758
Trade and other payables: amounts falling due within one
year
(12,545)
(10,542)
6
48,213
28,008
Net current assets
Total assets less current liabilities
28,169
49,489
Trade and other payables: amounts falling due after more
than one year
(10,688)
(6,333)
7
21,836
Net assets
38,801
Capital and reserves
Called up share capital
50,001
50,001
Retained earnings
(28,165)
(11,200)
21,836
38,801
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Simon Austerberry Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
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4
Registered Number :
05931219
For the year ended 31 October 2023
Elite Coaching Solutions Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 October 2023
Elite Coaching Solutions Limited
Notes to the Financial Statements
Statutory Information
Elite Coaching Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05931219.
Registered address:
123 Treen Road
Astley
Tyldesley
Manchester
M29 7HB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33 Straight line
Computer equipment
20 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 October 2023
Elite Coaching Solutions Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2022
24,000
At 31 October 2023
24,000
Amortisation
At 01 November 2022
24,000
At 31 October 2023
24,000
Net book value
At 31 October 2023
-
At 31 October 2022
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 November 2022
14,023
5,250
8,773
At 31 October 2023
8,773
5,250
14,023
Provision for depreciation and impairment
At 01 November 2022
12,747
4,295
8,452
Charge for year
1,115
955
160
At 31 October 2023
13,862
5,250
8,612
At 31 October 2023
Net book value
161
-
161
At 31 October 2022
321
955
1,276
4. Inventories
2022
2023
£
£
Stocks
2,213
2,213
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7
For the year ended 31 October 2023
Elite Coaching Solutions Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
-
1,944
Other debtors
36,336
56,600
58,544
36,336
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
4,000
4,000
Bank loans and overdraft
2,279
4,995
Trade creditors
2,449
-
Other creditors
1,814
3,550
10,542
12,545
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
6,333
10,688
8. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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