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REGISTERED NUMBER: SC724059 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Coaching Success Scotland Ltd

Coaching Success Scotland Ltd (Registered number: SC724059)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Coaching Success Scotland Ltd (Registered number: SC724059)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 54,000 60,000
Tangible assets 5 1,142 1,128
55,142 61,128

CURRENT ASSETS
Debtors 6 11,923 481
Cash at bank 6,690 8,179
18,613 8,660
CREDITORS
Amounts falling due within one year 7 (33,314 ) (60,650 )
NET CURRENT LIABILITIES (14,701 ) (51,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,441

9,138

CREDITORS
Amounts falling due after more than one
year

8

(43,566

)

(50,762

)
NET LIABILITIES (3,125 ) (41,624 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,225 ) (41,724 )
(3,125 ) (41,624 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Coaching Success Scotland Ltd (Registered number: SC724059)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





Ms S Robinson - Director


Coaching Success Scotland Ltd (Registered number: SC724059)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Coaching Success Scotland Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC724059 . The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth, Scotland, FK3 8WX.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of services in respect of business coaching, excluding value added tax. Sales are recognised at the point at which the service is complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

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.

Coaching Success Scotland Ltd (Registered number: SC724059)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Going concern
The director of the company has reviewed the company's financial position for 12 months from the balance sheet signing date and it is the directors' belief that the company should prepare financial statements on a going concern basis. The director continues to support the company through a director's loan such that the company can continue to meet its obligations as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 60,000
AMORTISATION
Charge for year 6,000
At 29 February 2024 6,000
NET BOOK VALUE
At 29 February 2024 54,000
At 28 February 2023 60,000

Coaching Success Scotland Ltd (Registered number: SC724059)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,698
Additions 666
At 29 February 2024 2,364
DEPRECIATION
At 1 March 2023 570
Charge for year 652
At 29 February 2024 1,222
NET BOOK VALUE
At 29 February 2024 1,142
At 28 February 2023 1,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 11,923 481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 7,438 7,678
Trade creditors - 1,800
Taxation and social security 3,681 712
Other creditors 22,195 50,460
33,314 60,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 43,566 50,762

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,815 20,049

Coaching Success Scotland Ltd (Registered number: SC724059)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 51,004 58,440

The Royal Bank of Scotland PLC hold a floating charge over the assets of the company in respect of the bank loan provided.