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REGISTERED NUMBER: 08516519 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

P C Executive Coaches of Lincoln Limited

P C Executive Coaches of Lincoln Limited (Registered number: 08516519)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P C Executive Coaches of Lincoln Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M J Andrews
G P Smith
S R Traynor
S A Westney





SECRETARY: P A Reeve FCCA





REGISTERED OFFICE: 17 Crofton Road
Lincoln
LN3 4NL





REGISTERED NUMBER: 08516519 (England and Wales)





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

P C Executive Coaches of Lincoln Limited (Registered number: 08516519)

Balance Sheet
31 July 2024

31.7.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
11,231 Tangible assets 5 9,546
11,231 9,546

CURRENT ASSETS
22,929 Debtors 6 42,519
148,812 Cash at bank and in hand 192,061
171,741 234,580
CREDITORS
156,555 Amounts falling due within one year 7 184,986
15,186 NET CURRENT ASSETS 49,594
26,417 TOTAL ASSETS LESS CURRENT LIABILITIES 59,140

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
25,417 Retained earnings 58,140
26,417 SHAREHOLDERS' FUNDS 59,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

P C Executive Coaches of Lincoln Limited (Registered number: 08516519)

Balance Sheet - continued
31 July 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 2 December 2024 and were signed on its behalf by:





S R Traynor - Director


P C Executive Coaches of Lincoln Limited (Registered number: 08516519)

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

1. STATUTORY INFORMATION

P C Executive Coaches of Lincoln 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

P C Executive Coaches of Lincoln Limited (Registered number: 08516519)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 262,500
AMORTISATION
At 1 August 2023
and 31 July 2024 262,500
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 34,807
DEPRECIATION
At 1 August 2023 23,576
Charge for year 1,685
At 31 July 2024 25,261
NET BOOK VALUE
At 31 July 2024 9,546
At 31 July 2023 11,231

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 42,519 22,929

P C Executive Coaches of Lincoln Limited (Registered number: 08516519)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 59,774 25,287
Taxation and social security 20,161 12,574
Other creditors 105,051 118,694
184,986 156,555

8. ULTIMATE CONTROLLING PARTY

P C Executive Coaches of Lincoln Limited is a wholly owned subsidiary of P C Coaches of Lincoln Limited.