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Registered number: 08879020
The Coach (Marlow) Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08879020
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 352,296 368,287
352,296 368,287
CURRENT ASSETS
Stocks 6 13,097 -
Debtors 7 838,022 590,333
Cash at bank and in hand 62,445 49,542
913,564 639,875
Creditors: Amounts Falling Due Within One Year 8 (611,157 ) (367,990 )
NET CURRENT ASSETS (LIABILITIES) 302,407 271,885
TOTAL ASSETS LESS CURRENT LIABILITIES 654,703 640,172
Creditors: Amounts Falling Due After More Than One Year 9 (50,000 ) (90,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (88,074 ) -
NET ASSETS 516,629 550,172
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 516,529 550,072
SHAREHOLDERS' FUNDS 516,629 550,172
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs B Cullen-Kerridge
Director
28 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Coach (Marlow) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08879020 . The registered office is The Mill, Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Properties Under Construction 2% straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
Office Equipment 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 30)
35 30
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 34,030
As at 29 February 2024 34,030
Amortisation
As at 1 March 2023 34,030
As at 29 February 2024 34,030
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Land & Property
Properties Under Construction Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 402,610 144,751 296,297 10,018 853,676
Additions - 6,108 - 390 6,498
As at 29 February 2024 402,610 150,859 296,297 10,408 860,174
Depreciation
As at 1 March 2023 71,678 117,880 287,866 7,965 485,389
Provided during the period 8,052 8,488 4,867 1,082 22,489
As at 29 February 2024 79,730 126,368 292,733 9,047 507,878
Net Book Value
As at 29 February 2024 322,880 24,491 3,564 1,361 352,296
As at 1 March 2023 330,932 26,871 8,431 2,053 368,287
6. Stocks
2024 2023
£ £
Stock 13,097 -
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,857 952
Other debtors 834,165 589,381
838,022 590,333
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 232,742 151,337
Bank loans and overdrafts 40,000 40,000
Other creditors 222,987 106,828
Taxation and social security 115,428 69,825
611,157 367,990
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 50,000 90,000
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Thomas Kerridge (272 ) 5,000 - - 4,728
Mrs Beth Cullen-Kerridge (273 ) 5,000 - - 4,727
The above loan is unsecured, interest free and repayable on demand.
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12. Related Party Transactions
Kerridges Marlow LLPA company under common controlAt the balance sheet date, The Coach (Marlow) Ltd, was owed £29,500 by Kerridges Marlow LLP.

Kerridges Marlow LLP

A company under common control

At the balance sheet date, The Coach (Marlow) Ltd, was owed £29,500 by Kerridges Marlow LLP.

Hand and Flowers LtdA company under common controlAt the balance sheet date, The Coach (Marlow) Ltd, was owed £438,557 by Hand and Flowers Ltd.

Hand and Flowers Ltd

A company under common control

At the balance sheet date, The Coach (Marlow) Ltd, was owed £438,557 by Hand and Flowers Ltd.

Tom Kerridge London LtdA company under common controlAt the balance sheet date, The Coach (Marlow) Ltd, was owed £361,701 by Tom Kerridge London Ltd.

Tom Kerridge London Ltd

A company under common control

At the balance sheet date, The Coach (Marlow) Ltd, was owed £361,701 by Tom Kerridge London Ltd.

The Butcher's Tap & Grill (Chelsea) LtdA company under common controlAt the balance sheet date, The Coach (Marlow) Ltd, was owed £3,700 by The Butcher's Tap & Grill (Chelsea) Ltd.

The Butcher's Tap & Grill (Chelsea) Ltd

A company under common control

At the balance sheet date, The Coach (Marlow) Ltd, was owed £3,700 by The Butcher's Tap & Grill (Chelsea) Ltd.

Tom Kerridge Media LtdA company under common controlAt the balance sheet date, The Coach (Marlow) Ltd, owed £40,173 to Tom Kerridge Media Ltd.

Tom Kerridge Media Ltd

A company under common control

At the balance sheet date, The Coach (Marlow) Ltd, owed £40,173 to Tom Kerridge Media Ltd.

Tom Kerridge Consultancy LtdA company under common controlAt the balance sheet date, The Coach (Marlow) Ltd, owed £151,250 to Tom Kerridge Consultancy Ltd.

Tom Kerridge Consultancy Ltd

A company under common control

At the balance sheet date, The Coach (Marlow) Ltd, owed £151,250 to Tom Kerridge Consultancy Ltd.

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