Registered number
13955800
Falcon Online Coaching Ltd
Accounts
For the Year ended
31 March 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Falcon Online Coaching Ltd
Registered number: 13955800
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,042 3,422
Tangible assets 4 1,561 1,424
4,603 4,846
Current assets
Cash at bank and in hand 4,175 8,473
Creditors: amounts falling due within one year 5 (5,137) (6,383)
Net current (liabilities)/assets (962) 2,090
Total assets less current liabilities 3,641 6,936
Creditors: amounts falling due after more than one year 6 (230) (6,215)
Net assets 3,411 721
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,409 719
Shareholders' funds 3,411 721
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.
T L Mitchell
Director
Approved by the board on 6 November 2024
Falcon Online 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, commissions and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised when the service has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 4 years
Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Platform development:
Cost
At 1 April 2023 3,802
At 31 March 2024 3,802
Amortisation
At 1 April 2023 380
Provided during the year 380
At 31 March 2024 760
Net book value
At 31 March 2024 3,042
At 31 March 2023 3,422
Platform development is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Office Equipment Computer Equipment Total
£ £ £
Cost
At 1 April 2023 180 1,955 2,135
Additions 1,249 - 1,249
At 31 March 2024 1,429 1,955 3,384
Depreciation
At 1 April 2023 60 651 711
Charge for the year 45 1,067 1,112
At 31 March 2024 105 1,718 1,823
Net book value
At 31 March 2024 1,324 237 1,561
At 31 March 2023 120 1,304 1,424
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,922 2,098
Other creditors 2,215 4,285
5,137 6,383
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 230 6,215
7 Other information
Falcon Online Coaching Ltd is a private company limited by shares and incorporated in England. Its registered office is:
69 Pound Street
Warminster
Wiltshire
BA12 8NW
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