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REGISTERED NUMBER: 05541059 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Red Kite Performance Coaching Limited

Red Kite Performance Coaching Limited (Registered number: 05541059)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Red Kite Performance Coaching Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms J Stoddart





SECRETARY: Ms M E Buckley





REGISTERED OFFICE: 43 Aylesbury Road
Hockley Heath
Solihull
West Midlands
B94 6PD





REGISTERED NUMBER: 05541059 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Red Kite Performance Coaching Limited (Registered number: 05541059)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 1,996 1,625

CURRENT ASSETS
Inventories 6 3,055 2,299
Debtors 7 63,344 77,460
Cash at bank 32,263 7,811
98,662 87,570
CREDITORS
Amounts falling due within one
year

8

71,026

57,526
NET CURRENT ASSETS 27,636 30,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,632

31,669

CREDITORS
Amounts falling due after more
than one year

9

(4,692

)

(8,692

)

PROVISIONS FOR LIABILITIES (499 ) (309 )
NET ASSETS 24,441 22,668

CAPITAL AND RESERVES
Called up share capital 10 350 350
Retained earnings 24,091 22,318
24,441 22,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Red Kite Performance Coaching Limited (Registered number: 05541059)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





Ms J Stoddart - Director


Red Kite Performance Coaching Limited (Registered number: 05541059)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Red Kite Performance Coaching Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents invoiced sale of goods and services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Red Kite Performance Coaching Limited (Registered number: 05541059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,334 765 3,099
Additions - 1,010 1,010
Disposals - (765 ) (765 )
At 31 March 2024 2,334 1,010 3,344
DEPRECIATION
At 1 April 2023 778 696 1,474
Charge for year 233 337 570
Eliminated on disposal - (696 ) (696 )
At 31 March 2024 1,011 337 1,348
NET BOOK VALUE
At 31 March 2024 1,323 673 1,996
At 31 March 2023 1,556 69 1,625

6. INVENTORIES
31.3.24 31.3.23
£    £   
Stocks 3,055 2,299

Red Kite Performance Coaching Limited (Registered number: 05541059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 63,230 77,385
Prepayments and accrued income 114 75
63,344 77,460

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,975 3,975
Trade creditors 25,199 6,248
Tax 10,902 19,057
Social security and other
taxes

25,258

19,480
Other creditors 1,600 6,436
Directors' loan accounts 1,980 254
Accruals and deferred income 2,112 2,076
71,026 57,526

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 4,692 8,692

10. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number Class Nominal 31.3.24 31.3.23
value £    £   
279 A Shares £1 279 279
1 B Shares £1 1 1
35 C Shares £1 35 35
35 D Shares £1 35 35
----- -----
350 350
----- -----

11. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms and is presented within creditors due within one year.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Red Kite Performance Coaching Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Kite Performance Coaching Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Red Kite Performance Coaching Limited in accordance with the terms of our engagement letter dated 18 December 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Red Kite Performance Coaching Limited and state those matters that we have agreed to state to the director of Red Kite Performance Coaching Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Kite Performance Coaching Limited and its director for our work or for this report.

It is your duty to ensure that Red Kite Performance Coaching Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Kite Performance Coaching Limited. You consider that Red Kite Performance Coaching Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Kite Performance Coaching Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT


14 November 2024