Registered number
05305438
Student Coaching Ltd
Filleted Accounts
31 March 2024
Student Coaching Ltd
Registered number: 05305438
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,310 2,204
Current assets
Debtors 4 30 1,092
Cash at bank and in hand 24,712 24,835
24,742 25,927
Creditors: amounts falling due within one year 5 (67,277) (23,742)
Net current (liabilities)/assets (42,535) 2,185
Total assets less current liabilities 5,775 4,389
Creditors: amounts falling due after more than one year 6 (2,028) (3,615)
Net assets 3,747 774
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,647 674
Shareholders' funds 3,747 774
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.
Mark Penny
Director
Approved by the board on 31 October 2024
Student Coaching Ltd
Notes to the Accounts
for the year ended 31 March 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:
Fixtures, fittings, tools and equipment over 3 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - 9,874 2,382 12,256
Additions 46,900 - - 46,900
At 31 March 2024 46,900 9,874 2,382 59,156
Depreciation
At 1 April 2023 - 9,874 178 10,052
Charge for the year - - 794 794
At 31 March 2024 - 9,874 972 10,846
Net book value
At 31 March 2024 46,900 - 1,410 48,310
At 31 March 2023 - - 2,204 2,204
4 Debtors 2024 2023
£ £
Other debtors 30 1,092
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,704 1,704
Trade creditors 565 2,038
Other creditors 65,008 20,000
67,277 23,742
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,028 3,615
7 Other information
Student Coaching Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O P1 Accounting Services Ltd
C11 Tweedale Industrial Estate
Madeley
Telford
TF7 4JR
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