Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-011falsefalseCoaching Consultant1truetrue 13829074 2023-04-01 2024-03-31 13829074 2022-01-05 2023-03-31 13829074 2024-03-31 13829074 2023-03-31 13829074 c:Director1 2023-04-01 2024-03-31 13829074 d:CurrentFinancialInstruments 2024-03-31 13829074 d:CurrentFinancialInstruments 2023-03-31 13829074 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13829074 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13829074 d:ShareCapital 2024-03-31 13829074 d:ShareCapital 2023-03-31 13829074 d:RetainedEarningsAccumulatedLosses 2024-03-31 13829074 d:RetainedEarningsAccumulatedLosses 2023-03-31 13829074 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13829074 c:OrdinaryShareClass1 2024-03-31 13829074 c:FRS102 2023-04-01 2024-03-31 13829074 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13829074 c:FullAccounts 2023-04-01 2024-03-31 13829074 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13829074 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13829074














POTENT COACHING LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
POTENT COACHING LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
POTENT COACHING LTD
REGISTERED NUMBER:13829074

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
745
32

Cash at bank and in hand
  
3,097
14,856

  
3,842
14,888

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,354)
(9,623)

  

Net assets
  
2,488
5,265


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
2,487
5,264

  
2,488
5,265


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




E C Shutes
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
POTENT COACHING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company's legal form is that of a private limited liability company registered in England & Wales. The Company's registered office is at 2nd Floor, Connaught House, 1-3 Mount Street, (Entrance via Davies Street), London, United Kingdom, W1K 3NB.
The principal activity of the Company is that of providing coaching services.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised in the period in which the service is provided.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short term debtors are measured at the transaction price.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 2

 
POTENT COACHING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8


Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. 


3.


Employees

The director was the only employee of the Company during the current and preceding period.


4.


Debtors

2024
2023
£
£


Trade debtors
400
-

Other debtors
313
-

Prepayments
32
32

745
32



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
41
99

Corporation tax
880
5,804

Other taxation and social security
-
1,076

Other creditors
391
244

Accruals
42
2,400

1,354
9,623


Page 3

 
POTENT COACHING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


 
Page 4