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Registered number: 08900431
IMLS Coaching & Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Abacus Accountancy
105 Courtyard Studios
Lakes Innovation Centre
Braintree
Essex
CM7 3AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08900431
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,368 3,595
3,368 3,595
CURRENT ASSETS
Debtors 5 2,190 10,298
Cash at bank and in hand 9,645 904
11,835 11,202
Creditors: Amounts Falling Due Within One Year 6 (19,208 ) (29,899 )
NET CURRENT ASSETS (LIABILITIES) (7,373 ) (18,697 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,005 ) (15,102 )
Creditors: Amounts Falling Due After More Than One Year 7 (4,500 ) (7,500 )
NET LIABILITIES (8,505 ) (22,602 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (8,605 ) (22,702 )
SHAREHOLDERS' FUNDS (8,505) (22,602)
Page 1
Page 2
For the year 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
Mr Hugo Heij
Director
19/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IMLS Coaching & Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08900431 . The registered office is 105 Courtyard Studios, Lakes Innovation Centre, Braintree, Essex, CM7 3AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 20% reducing balance
Computer Equipment 5 years straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 7,335
Additions 955
As at 31 December 2023 8,290
Depreciation
As at 1 January 2023 3,740
Provided during the period 1,182
As at 31 December 2023 4,922
...CONTINUED
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Net Book Value
As at 31 December 2023 3,368
As at 1 January 2023 3,595
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,190 2,190
Other debtors - 8,108
2,190 10,298
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 3,000 3,000
Other creditors 12,420 26,899
Taxation and social security 3,788 -
19,208 29,899
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 4,500 7,500
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4