SOULWISE ACADEMY LIMITED

Company Registration Number:
09982428 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

SOULWISE ACADEMY LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SOULWISE ACADEMY LIMITED

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

The company's principal activity during the year continued to be coaching and consultancy services.



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

K S Knop


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 February 2025

And signed on behalf of the board by:
Name: K S Knop
Status: Director

SOULWISE ACADEMY LIMITED

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 37,681 89,036
Cost of sales: ( 10,815 ) ( 417 )
Gross profit(or loss): 26,866 88,619
Administrative expenses: ( 51,866 ) ( 40,992 )
Operating profit(or loss): (25,000) 47,627
Interest receivable and similar income: 46 86
Interest payable and similar charges: ( 4,201 ) ( 1,325 )
Profit(or loss) before tax: (29,155) 46,388
Profit(or loss) for the financial year: (29,155) 46,388

SOULWISE ACADEMY LIMITED

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 61,730 78,218
Total fixed assets: 61,730 78,218
Current assets
Debtors: 4 724 581
Cash at bank and in hand: 5,500 15,626
Total current assets: 6,224 16,207
Creditors: amounts falling due within one year: 5 ( 8,243 ) ( 2,103 )
Net current assets (liabilities): (2,019) 14,104
Total assets less current liabilities: 59,711 92,322
Creditors: amounts falling due after more than one year: 6 ( 79,908 ) ( 83,364 )
Total net assets (liabilities): (20,197) 8,958
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (20,198 ) 8,957
Total Shareholders' funds: ( 20,197 ) 8,958

The notes form part of these financial statements

SOULWISE ACADEMY LIMITED

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 February 2025
and signed on behalf of the board by:

Name: K S Knop
Status: Director

The notes form part of these financial statements

SOULWISE ACADEMY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

SOULWISE ACADEMY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

SOULWISE ACADEMY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 4,543 80,119 84,662
Additions 140 140
Disposals
Revaluations
Transfers
At 29 February 2024 4,683 80,119 84,802
Depreciation
At 1 March 2023 2,438 4,006 6,444
Charge for year 604 16,024 16,628
On disposals
Other adjustments
At 29 February 2024 3,042 20,030 23,072
Net book value
At 29 February 2024 1,641 60,089 61,730
At 28 February 2023 2,105 76,113 78,218

SOULWISE ACADEMY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Other debtors 724 581
Total 724 581

SOULWISE ACADEMY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,142 69
Taxation and social security 586
Other creditors 5,515 2,034
Total 8,243 2,103

SOULWISE ACADEMY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 12,293 14,809
Amounts due under finance leases and hire purchase contracts 59,167 68,555
Other creditors 8,448 0
Total 79,908 83,364