Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseNo description of principal activity99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05454169 2023-01-01 2023-12-31 05454169 2022-01-01 2022-12-31 05454169 2023-12-31 05454169 2022-12-31 05454169 c:Director1 2023-01-01 2023-12-31 05454169 d:ComputerEquipment 2023-01-01 2023-12-31 05454169 d:ComputerEquipment 2023-12-31 05454169 d:ComputerEquipment 2022-12-31 05454169 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05454169 d:CurrentFinancialInstruments 2023-12-31 05454169 d:CurrentFinancialInstruments 2022-12-31 05454169 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05454169 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05454169 d:ShareCapital 2023-12-31 05454169 d:ShareCapital 2022-12-31 05454169 d:RetainedEarningsAccumulatedLosses 2023-12-31 05454169 d:RetainedEarningsAccumulatedLosses 2022-12-31 05454169 c:FRS102 2023-01-01 2023-12-31 05454169 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05454169 c:FullAccounts 2023-01-01 2023-12-31 05454169 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05454169 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















The Strategic Coach UK, Limited























Unaudited

Financial statements



For the year ended 31 December 2023



Registered number: 05454169

 
The Strategic Coach UK, Limited - Registered number:05454169


Statement of financial position
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
7,065
4,633

  
7,065
4,633

Current assets
  

Debtors: amounts falling due within one year
 5 
1,704,405
1,623,675

Cash at bank and in hand
  
320,094
145,872

  
2,024,499
1,769,547

Creditors: amounts falling due within one year
 6 
(1,718,073)
(1,505,703)

Net current assets
  
 
 
306,426
 
 
263,844

Total assets less current liabilities
  
313,491
268,477

  

Net assets
  
313,491
268,477


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
313,391
268,377

  
313,491
268,477


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
 
Page 1

 
The Strategic Coach UK, Limited - Registered number:05454169


Statement of financial position (continued)
As at 31 December 2023


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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


B S Smith
Director

Date: 20 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
The Strategic Coach UK, Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is incorporated in England and Wales. Its registered office and principal place of business is Wedding & Events Building Ribby Hall Village, Ribby Road, Wrea Green, Lancashire, United Kingdom, PR7 6TE and the company registered number is 05454169.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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The Strategic Coach UK, Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services
Turnover is recognised, in full, when the right to consideration is obtained through the commencement of The Strategic Coach Program, in accordance with the terms of the contract.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension
plan under which the company pays fixed contributions into a separate entity. Once the contributions have
been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
The Strategic Coach UK, Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Computer equipment
-
30% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statament of income and retained earnings.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. 


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 9).

Page 5

 
The Strategic Coach UK, Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2023
19,454


Additions
4,497



At 31 December 2023

23,951



Depreciation


At 1 January 2023
14,821


Charge for the year
2,065



At 31 December 2023

16,886



Net book value



At 31 December 2023
7,065



At 31 December 2022
4,633


5.


Debtors

2023
2022
£
£


Trade debtors
53,921
73,380

Other debtors
1,584,582
1,526,689

Prepayments
65,902
23,606

1,704,405
1,623,675


Page 6

 
The Strategic Coach UK, Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
29,745
17,349

Corporation tax
14,821
30,048

Other taxation and social security
81,808
59,857

Other creditors
1,576,786
1,391,509

Accruals
14,913
6,940

1,718,073
1,505,703



7.


Contingent liabilities

At 31 December 2023, the company was committed to providing workshops in the coming year to certain customers who have commenced The Strategic Coach Program. No provision has been made in these financial statements in respect of any such obligation.


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately
from those of the company in an independently administered fund. The pension cost charge represents
contributions paid by the company to the fund and amounted to £24,660 (2022: £11,429) and contributions totalling £1,386 (2022: £1,255) were payable to the fund at the balance sheet date.


Page 7