Registered number
13202458
Coached by GLJ Limited
Unaudited Filleted Accounts
29 February 2024
Coached by GLJ Limited
Registered number: 13202458
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,000 12,000
Tangible assets 4 11,006 12,739
23,006 24,739
Current assets
Debtors 5 426,475 2,255
Cash at bank and in hand 94,806 340,509
521,281 342,764
Creditors: amounts falling due within one year 6 (121,821) (74,918)
Net current assets 399,460 267,846
Net assets 422,466 292,585
Capital and reserves
Called up share capital 100 100
Profit and loss account 422,366 292,485
Shareholders' funds 422,466 292,585
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Georgia Antonia Ladums Jones
Director
Approved by the board on 31 July 2024
Coached by GLJ Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straight line
Computer equipment 33.33% Straight line
Office equipment 25% Straight line
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 12,000
At 29 February 2024 12,000
Amortisation
At 29 February 2024 -
Net book value
At 29 February 2024 12,000
At 28 February 2023 12,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 18,669
Additions 4,481
At 29 February 2024 23,150
Depreciation
At 1 March 2023 5,930
Charge for the year 6,214
At 29 February 2024 12,144
Net book value
At 29 February 2024 11,006
At 28 February 2023 12,739
5 Debtors 2024 2023
£ £
Amounts owed by related parties 423,795 -
Other debtors 2,680 2,255
426,475 2,255
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26 84
Taxation and social security costs 85,787 74,834
Other creditors 36,008 -
121,821 74,918
7 Related party transactions
As at 29 February 2024, Coached by GLJ Ltd was owed £423,795 from Properties by GLJ Ltd, a company in which G A L Jones and H F Willis are Directors.
8 Other information
Coached by GLJ Limited is a private company limited by shares and incorporated in England. Its registered office is:
Afe Accountants Ltd
Building 3 North London Business Park
London
England
N11 1GN
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