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Registered number: 06932330
Barefoot Coaching Limited
Unaudited Financial Statements
For the Period 1 March 2023 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06932330
31 December 2023 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,685 50,347
Tangible Assets 5 47,034 59,915
92,719 110,262
CURRENT ASSETS
Stocks 6 25,672 14,256
Debtors 7 757,689 978,529
Cash at bank and in hand 480,860 1,147,024
1,264,221 2,139,809
Creditors: Amounts Falling Due Within One Year 8 (1,102,640 ) (1,068,515 )
NET CURRENT ASSETS (LIABILITIES) 161,581 1,071,294
TOTAL ASSETS LESS CURRENT LIABILITIES 254,300 1,181,556
Creditors: Amounts Falling Due After More Than One Year 9 (15,217 ) (23,326 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,988 ) (7,758 )
NET ASSETS 232,095 1,150,472
CAPITAL AND RESERVES
Called up share capital 10 100 101
Capital redemption reserve 2 1
Profit and Loss Account 231,993 1,150,370
SHAREHOLDERS' FUNDS 232,095 1,150,472
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For the period ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Kim Morgan
Director
Andrew Chandler
Director
9 February 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Barefoot Coaching Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06932330 . The registered office is C/O Vibrant Accountancy, The Mill, Lodge Lane, Derby, DE1 3HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the 10 month period ended 31 December 2023 (2023: year ended 28 February 2023).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with the Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from the provision of services is recognised as those services are provided.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. They are amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.7. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from banks.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 14 (2023: 16)
14 16
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 55,941
As at 31 December 2023 55,941
Amortisation
As at 1 March 2023 5,594
Provided during the period 4,662
As at 31 December 2023 10,256
Net Book Value
As at 31 December 2023 45,685
As at 1 March 2023 50,347
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 115,391 42,788 158,179
Additions - 956 956
As at 31 December 2023 115,391 43,744 159,135
Depreciation
As at 1 March 2023 73,418 24,846 98,264
Provided during the period 8,745 5,092 13,837
As at 31 December 2023 82,163 29,938 112,101
Net Book Value
As at 31 December 2023 33,228 13,806 47,034
As at 1 March 2023 41,973 17,942 59,915
6. Stocks
31 December 2023 28 February 2023
£ £
Stock 25,672 14,256
7. Debtors
31 December 2023 28 February 2023
£ £
Due within one year
Trade debtors 427,026 443,833
Prepayments and accrued income 51,919 30,321
Other debtors 77,939 504,375
Amounts owed by group undertakings 200,805 -
757,689 978,529
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 28 February 2023
£ £
Trade creditors 138,253 113,869
Bank loans and overdrafts 9,692 9,692
Corporation tax 67,511 16,266
Other taxes and social security 22,674 17,288
VAT 100,691 63,598
Other creditors 8,417 9,021
Accruals and deferred income 755,000 834,760
Directors' loan accounts 402 4,021
1,102,640 1,068,515
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9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 28 February 2023
£ £
Bank loans 15,217 23,326
15,217 23,326
10. Share Capital
31 December 2023 28 February 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
0 Ordinary A shares of £ 0.00 each - 1
100 101
Shares disposed during the period: £
1 Ordinary A shares of £ 1.00 each (1)
Ordinary shares have attached to them full voting and dividend rights. 
On 29 November 2023, Barefoot Coaching Holdings Limited acquired the share capital of Barefoot Coaching Limited.
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 28 February 2023
£ £
Not later than one year 34,980 46,640
Later than one year and not later than five years - 27,207
34,980 73,847
12. Related Party Transactions
K Morgan has a first charge over the assets of the company by way of securing loan notes issued by Barefoot Coaching Holdings Limited, the company's parent company. The loan notes in issue at 31 December 2023 amounted to £3,127,500.
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