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Registration number: 06647290

Visible Breakthrough Coaching Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Visible Breakthrough Coaching Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Visible Breakthrough Coaching Ltd

(Registration number: 06647290)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,972

5,139

Current assets

 

Debtors

5

2,830

2,574

Cash at bank and in hand

 

4,386

6,964

 

7,216

9,538

Creditors: Amounts falling due within one year

6

(14,159)

(13,449)

Net current liabilities

 

(6,943)

(3,911)

Net (liabilities)/assets

 

(2,971)

1,228

Capital and reserves

 

Called up share capital

200

200

Retained earnings

(3,171)

1,028

Shareholders' (deficit)/funds

 

(2,971)

1,228

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
Mrs S D E Bonnie
Director

 

Visible Breakthrough Coaching Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
One Express
1 George Leigh Street
Manchester
M4 5DL

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

Visible Breakthrough Coaching Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on reducing balance

Computer equipment

25% on cost

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 1 (2023 - 2).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

7,271

1,950

9,221

At 30 June 2024

7,271

1,950

9,221

Depreciation

At 1 July 2023

3,181

901

4,082

Charge for the year

818

349

1,167

At 30 June 2024

3,999

1,250

5,249

Carrying amount

At 30 June 2024

3,272

700

3,972

At 30 June 2023

4,090

1,049

5,139

 

Visible Breakthrough Coaching Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

2024
£

2023
£

Trade debtors

2,830

2,500

Income tax asset

-

74

2,830

2,574

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,440

1,327

Accruals and deferred income

1,600

1,600

Other creditors

11,119

10,522

14,159

13,449