Company Registration No. 10605715 (England and Wales)
COEFFICIENT CAPITAL LIMITED
Unaudited accounts
for the year ended 31 October 2023
COEFFICIENT CAPITAL LIMITED
Unaudited accounts
Contents
COEFFICIENT CAPITAL LIMITED
Company Information
for the year ended 31 October 2023
Director
WILLS, Robert Anthony Hamilton
Company Number
10605715 (England and Wales)
Registered Office
240 GRESHAM ROAD
SLOUGH
BERKSHIRE
SL1 4PH
UNITED KINGDOM
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
COEFFICIENT CAPITAL LIMITED
Statement of financial position
as at 31 October 2023
Investments
3,131,519
3,131,519
Debtors
2,859,510
2,200,284
Cash at bank and in hand
1,082
545
Creditors: amounts falling due within one year
(6,179,578)
(5,511,164)
Net current liabilities
(3,318,986)
(3,310,335)
Net liabilities
(187,467)
(178,816)
Called up share capital
100
100
Profit and loss account
(187,567)
(178,916)
Shareholders' funds
(187,467)
(178,816)
For the year ending 31 October 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 July 2024 and were signed on its behalf by
WILLS, Robert Anthony Hamilton
Director
Company Registration No. 10605715
COEFFICIENT CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
COEFFICIENT CAPITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10605715. The registered office is 240 GRESHAM ROAD, SLOUGH, BERKSHIRE, SL1 4PH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments in shares are included at fair value.
4
Investments
Other investments
Valuation at 1 November 2022
3,131,519
Valuation at 31 October 2023
3,131,519
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Organic100 Ltd, a company registered in England & Wales.
The registered office of the above entity is 240 Gresham Road, Slough, Berkshire, England, SL1 4PH.
100% of the voting rights and shares are held.
The principal activity of Organic100 Ltd is Retail sale via mail order houses or via Internet.
COEFFICIENT CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
2,857,950
2,198,387
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
510,459
510,459
Loans from directors
5,664,769
5,000,705
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Collective Capital Limited:
The company is related to Collective Capital Limited by virtue of common shareholder and director. The amount owed to Collective Capital Limited at the balance sheet date was £510,459 (2022: £510,459).
Organic100 Limited:
The company is related to Organic100 Limited by virtue of common shareholder and director. The amount owed from Organic100 Limited at the balance sheet date was £2,857,950 (2022: £2,198,387).
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Average number of employees
During the year the average number of employees was 0 (2022: 0).