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Registered number: 07832715
Akeera Business Coaching Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07832715
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 552 941
552 941
CURRENT ASSETS
Debtors 6 11,900 16,889
Cash at bank and in hand 30 -
11,930 16,889
Creditors: Amounts Falling Due Within One Year 7 (125,699 ) (118,459 )
NET CURRENT ASSETS (LIABILITIES) (113,769 ) (101,570 )
TOTAL ASSETS LESS CURRENT LIABILITIES (113,217 ) (100,629 )
Creditors: Amounts Falling Due After More Than One Year 8 (2,665 ) (4,483 )
NET LIABILITIES (115,882 ) (105,112 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (115,982 ) (105,212 )
SHAREHOLDERS' FUNDS (115,882) (105,112)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Timothy Brown
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Akeera Business Coaching Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07832715 . The registered office is 26 Selbourne Road, Guildford, Surrey, GU4 7JP.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 7 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% on cost
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 40,000
As at 31 December 2023 40,000
Amortisation
As at 1 January 2023 40,000
As at 31 December 2023 40,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 2,214 916 3,130
As at 31 December 2023 2,214 916 3,130
Depreciation
As at 1 January 2023 1,884 305 2,189
Provided during the period 83 306 389
As at 31 December 2023 1,967 611 2,578
Net Book Value
As at 31 December 2023 247 305 552
As at 1 January 2023 330 611 941
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,900 5,651
Other debtors - 11,238
11,900 16,889
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 92,902 108,103
Bank loans and overdrafts 12,484 5,891
Other creditors 17,249 1,890
Taxation and social security 3,064 2,575
125,699 118,459
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 2,665 4,483
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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