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REGISTERED NUMBER: 07725711 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

SMS Coaching Limited

SMS Coaching Limited (Registered number: 07725711)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SMS Coaching Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P J Welch
J R Davies





SECRETARY:





REGISTERED OFFICE: 67 Ayres Road
Manchester
Greater Manchester
M16 9NH





REGISTERED NUMBER: 07725711 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

SMS Coaching Limited (Registered number: 07725711)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 190,062 180,055

CURRENT ASSETS
Debtors 6 158,482 118,530
Cash at bank 268,640 339,195
427,122 457,725
CREDITORS
Amounts falling due within one year 7 186,010 225,687
NET CURRENT ASSETS 241,112 232,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,174

412,093

PROVISIONS FOR LIABILITIES 42,390 41,101
NET ASSETS 388,784 370,992

CAPITAL AND RESERVES
Called up share capital 26 26
Retained earnings 388,758 370,966
SHAREHOLDERS' FUNDS 388,784 370,992

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 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.

SMS Coaching Limited (Registered number: 07725711)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





P J Welch - Director


SMS Coaching Limited (Registered number: 07725711)

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


1. STATUTORY INFORMATION

SMS Coaching 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

SMS Coaching Limited (Registered number: 07725711)

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


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 46 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 96,617 107,315 99,375 43,349 346,656
Additions 29,281 27,040 6,157 17,948 80,426
Disposals (1,200 ) - - - (1,200 )
At 31 August 2024 124,698 134,355 105,532 61,297 425,882
DEPRECIATION
At 1 September 2023 46,580 65,850 27,116 27,055 166,601
Charge for year 20,461 19,352 19,219 10,648 69,680
Eliminated on disposal (461 ) - - - (461 )
At 31 August 2024 66,580 85,202 46,335 37,703 235,820
NET BOOK VALUE
At 31 August 2024 58,118 49,153 59,197 23,594 190,062
At 31 August 2023 50,037 41,465 72,259 16,294 180,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,324 27,480
Other debtors 126,158 91,050
158,482 118,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,388 84,874
Taxation and social security 51,696 110,514
Other creditors 83,926 30,299
186,010 225,687

SMS Coaching Limited (Registered number: 07725711)

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


8. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 (2023 - £76,000) were paid to the directors .

9. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 12 November 2024.

10. ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting in concert.

The ultimate controlling party is the directors acting in concert.