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REGISTERED NUMBER: 04702639 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

MASSIVE ACTION COACHING LTD

MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASSIVE ACTION COACHING LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P R Avins
Mrs S Avins





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 04702639 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 195,000 210,000
Tangible assets 5 6,077 3,552
Investments 6 1 1
201,078 213,553

CURRENT ASSETS
Debtors 7 108,814 79,889
Cash at bank 15,748 70,350
124,562 150,239
CREDITORS
Amounts falling due within one year 8 308,488 344,276
NET CURRENT LIABILITIES (183,926 ) (194,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,152

19,516

CREDITORS
Amounts falling due after more than one year 9 10,475 18,619
NET ASSETS 6,677 897

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 6,576 796
SHAREHOLDERS' FUNDS 6,677 897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr P R Avins - Director


MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Massive Action Coaching Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 63,000 300,000 363,000
AMORTISATION
At 1 April 2023 63,000 90,000 153,000
Charge for year - 15,000 15,000
At 31 March 2024 63,000 105,000 168,000
NET BOOK VALUE
At 31 March 2024 - 195,000 195,000
At 31 March 2023 - 210,000 210,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 21,550 12,908 34,458
Additions - 3,639 3,639
At 31 March 2024 21,550 16,547 38,097
DEPRECIATION
At 1 April 2023 20,524 10,382 30,906
Charge for year 206 908 1,114
At 31 March 2024 20,730 11,290 32,020
NET BOOK VALUE
At 31 March 2024 820 5,257 6,077
At 31 March 2023 1,026 2,526 3,552

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 36,987 12,167
Other debtors 23,565 26,715
Directors' current accounts 18,696 -
Prepayments and accrued income 29,566 41,007
108,814 79,889

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 16,560 7,945
Trade creditors 15,722 17,182
Amounts owed to group undertakings 165,536 182,001
Tax 23,657 7,262
Social security and other taxes 679 497
VAT 20,836 26,015
Other creditors 11,443 12,509
Directors' current accounts - 3,116
Accruals and deferred income 54,055 87,749
308,488 344,276

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 8,352 8,146
Bank loans - 2-5 years 2,123 10,473
10,475 18,619

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
51 A Ordinary £1 51 51
49 B Ordinary £1 49 49
1 C Ordinary £1 1 1
101 101

MASSIVE ACTION COACHING LTD (REGISTERED NUMBER: 04702639)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr P R Avins
Balance outstanding at start of year - -
Amounts advanced 22,721 -
Amounts repaid (4,025 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,696 -

As at the balance sheet date, included in debtors due within one year is £18,696 (2023: £3,116 credit), due and payable by the director.This amount was repaid within 9 months of the year end.

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its subsidiary, Paul Avins Enterprises Ltd £139,621 (2023: £150,086) and Team Dynamics Global LLP £25,915 (2023: £31,915). They are related parties by virtue of the fact that they are under common control.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P R Avins.