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REGISTERED NUMBER: 10683461 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

COACHING AND EDUCATION SERVICES (SW)
LIMITED

COACHING AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COACHING AND EDUCATION SERVICES (SW)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr M S Titchard



REGISTERED OFFICE: Newton Abbot Rugby Club
Rydon Industrial Estate
Kingsteignton
Devon
TQ12 3SJ



REGISTERED NUMBER: 10683461 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
4 Strand
Torquay
Devon
TQ1 2AB

COACHING AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,579 7,427
Investment property 5 85,000 85,000
96,579 92,427

CURRENT ASSETS
Debtors 6 31,641 14,317
Cash at bank 86,897 99,134
118,538 113,451
CREDITORS
Amounts falling due within one year 7 175,398 168,146
NET CURRENT LIABILITIES (56,860 ) (54,695 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,719 37,732

CREDITORS
Amounts falling due after more than one
year

8

(7,195

)

(11,597

)

PROVISIONS FOR LIABILITIES (9,240 ) (8,202 )
NET ASSETS 23,284 17,933

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,184 17,833
SHAREHOLDERS' FUNDS 23,284 17,933

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

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

The director acknowledges his 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 AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





Mr M S Titchard - Director


COACHING AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Coaching and Education Services (SW) 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 as modified by the revaluation of certain assets.

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

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 49 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 - 8,500 2,172 10,672
Additions 1,183 - 6,973 8,156
At 31 August 2024 1,183 8,500 9,145 18,828
DEPRECIATION
At 1 September 2023 - 2,575 670 3,245
Charge for year 237 1,481 2,286 4,004
At 31 August 2024 237 4,056 2,956 7,249
NET BOOK VALUE
At 31 August 2024 946 4,444 6,189 11,579
At 31 August 2023 - 5,925 1,502 7,427

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 85,000
NET BOOK VALUE
At 31 August 2024 85,000
At 31 August 2023 85,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 49,257
Valuation in 2023 35,743
85,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,626 4,505
Directors' current accounts 4,086 6,613
Prepayments 1,929 3,199
31,641 14,317

COACHING AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,402 4,292
Trade creditors 5,078 4,541
Tax 18,157 22,710
Social security and other taxes 6,906 9,043
VAT 14,024 18,670
Intercompany 121,502 102,161
Other Creditors 1,794 3,349
Accrued expenses 3,535 3,380
175,398 168,146

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,195 8,914
Bank loans - 2-5 years - 2,683
7,195 11,597

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr M S Titchard
Balance outstanding at start of year 3,779 -
Amounts advanced 24,505 25,279
Amounts repaid (27,200 ) (21,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,084 3,779

Mr A J Hayman
Balance outstanding at start of year 2,835 -
Amounts advanced 8,167 24,335
Amounts repaid (8,000 ) (21,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,002 2,835

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,200 (2023 - £43,000) were paid to the directors .

COACHING AND EDUCATION SERVICES (SW)
LIMITED (REGISTERED NUMBER: 10683461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. RELATED PARTY DISCLOSURES - continued

During the year, Dividends of £20,000 were paid to the wife of the Director.

During the year, the company borrowed from Coaching and Education Services CIC, an amount of £19,341.53 (2023 £18,535.96). The amount owing to Coaching and Education Services CIC relating to this loan at the period end, is £121,502.20 (2023 £102,160.67). The loan is unsecured, interest free and repayable on demand.

During the year the company received £247,766.60 in respect of a management charge for the year (2023 - £60,000)

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £11,596.94 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to March 2027.