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REGISTERED NUMBER: 08829443 (England and Wales)















The Coaching Experience Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






The Coaching Experience Limited (Registered number: 08829443)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Coaching Experience Limited

Company Information
for the Year Ended 31 January 2024







Director: A Priestley





Registered office: 2 Lovelace Court
Bethersden
Kent
TN26 3AY





Registered number: 08829443 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

The Coaching Experience Limited (Registered number: 08829443)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £   
Fixed assets
Property, plant and equipment 4 2,392 1,941

Current assets
Debtors 5 56,747 20,032
Cash at bank and in hand 130,117 167,681
186,864 187,713
Creditors
Amounts falling due within one year 6 (21,259 ) (18,757 )
Net current assets 165,605 168,956
Total assets less current liabilities 167,997 170,897

Provisions for liabilities 7 (277 ) (369 )
Net assets 167,720 170,528

Capital and reserves
Called up share capital 2 2
Retained earnings 167,718 170,526
Shareholders' funds 167,720 170,528

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

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

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 Comprehensive Income has not been delivered.

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





A Priestley - Director


The Coaching Experience Limited (Registered number: 08829443)

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

1. Statutory information

The Coaching Experience 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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
Computer equipment - 25% reducing balance
Plant and machinery - 20% straight-line

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

The Coaching Experience Limited (Registered number: 08829443)

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

4. Property, plant and equipment
Computer
equipment
£   
Cost
At 1 February 2023 4,064
Additions 1,249
At 31 January 2024 5,313
Depreciation
At 1 February 2023 2,123
Charge for year 798
At 31 January 2024 2,921
Net book value
At 31 January 2024 2,392
At 31 January 2023 1,941

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 42,289 13,586
Other debtors 2,344 -
Directors' current accounts 10,666 6,446
Tax 1,448 -
56,747 20,032

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,207 1,149
Trade creditors 1,636 505
Tax 8,984 9,278
VAT 7,482 6,059
Other creditors 575 396
Accrued expenses 1,375 1,370
21,259 18,757

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 277 369

Deferred
tax
£   
Balance at 1 February 2023 369
Provided during year (92 )
Balance at 31 January 2024 277

The Coaching Experience Limited (Registered number: 08829443)

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

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
A Priestley
Balance outstanding at start of year 6,446 (38 )
Amounts advanced 11,475 7,153
Amounts repaid (7,255 ) (669 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,666 6,446