Registered number
07745871
College of Contract Management Coaching and Consulting Ltd
Filleted Accounts
31 January 2024
College of Contract Management Coaching and Consulting Ltd
Registered number: 07745871
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 478,238 479,691
Current assets
Debtors 4 231,619 230,619
Cash at bank and in hand 1,096,070 1,006,847
1,327,689 1,237,466
Creditors: amounts falling due within one year 5 (353,727) (352,608)
Net current assets 973,962 884,858
Total assets less current liabilities 1,452,200 1,364,549
Creditors: amounts falling due after more than one year 6 (1,237,688) (1,201,010)
Provisions for liabilities (2,605) (2,881)
Net assets 211,907 160,658
Capital and reserves
Called up share capital 20 20
Profit and loss account 211,887 160,638
Shareholders' funds 211,907 160,658
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Rizath Roomy Abdul Razack
Director
Approved by the board on 31 October 2024
College of Contract Management Coaching and Consulting Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings not depreciated
Plant and machinery 20% on cost
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Freehold land & buildings Plant and machinery Total
£ £ £
Cost
At 1 February 2023 464,529 33,366 497,895
Additions - 5,256 5,256
At 31 January 2024 464,529 38,622 503,151
Depreciation
At 1 February 2023 - 18,204 18,204
Charge for the year - 6,709 6,709
At 31 January 2024 - 24,913 24,913
Net book value
At 31 January 2024 464,529 13,709 478,238
At 31 January 2023 464,529 15,162 479,691
4 Debtors 2024 2023
£ £
Trade debtors 81,095 81,095
Directors loan account 149,524 149,524
Other debtors 1,000 -
231,619 230,619
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 15,240 20,380
Other taxes and social security 2,609 2,462
VAT 4,218 8,036
Net wages 7,437 7,071
Other creditors 14,451 14,057
Accruals and deferred income 309,772 300,602
353,727 352,608
6 Creditors: amounts falling due after one year 2024 2023
£ £
Accruals and deferred income 1,237,688 1,201,010
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Rizath Roomy Abdul Razack (149,524) - - (149,524)
(149,524) - - (149,524)
8 Other information
College of Contract Management Coaching and Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 St. Georges Yard
Farnham
GU9 7LW
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