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Registration number: 13500379

The Mindful Gut Coaching Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2024

 

The Mindful Gut Coaching Ltd

Contents

Company Information

1

Director's Report

2

Abridged Profit and Loss Account

3

Abridged Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Abridged Financial Statements

6 to 7

iXBRL Detailed Profit and Loss Account

8

 

The Mindful Gut Coaching Ltd

Company Information

Director

Mrs Cara Marie Wheatley-McGrain

Registered office

23 Moor Green Lane
Kings Norton
Birmingham
West Midlands
B13 8NE

Accountants

Onyx Accountants Limited
Chartered Management AccountantsOnyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

The Mindful Gut Coaching Ltd

Director's Report for the Year Ended 31 July 2024

The director presents her report and the abridged financial statements for the year ended 31 July 2024.

Director of the company

The director who held office during the year was as follows:

Mrs Cara Marie Wheatley-McGrain

Principal activity

The principal activity of the company is Management Consultancy Activities (Other

Small companies provision statement

This report has 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.

Approved and authorised by the director on 23 May 2025
 

.........................................
Mrs Cara Marie Wheatley-McGrain
Director

 

The Mindful Gut Coaching Ltd

Abridged Profit and Loss Account for the Year Ended 31 July 2024

Note

2024
£

2023
£

Gross profit

 

10,782

18,164

Administrative expenses

 

(25,471)

(16,138)

Interest payable and similar expenses

 

-

(12)

(Loss)/profit before tax

(14,689)

2,014

Tax on (loss)/profit

 

461

(466)

(Loss)/profit for the financial year

 

(14,228)

1,548

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

The Mindful Gut Coaching Ltd

(Registration number: 13500379)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

466

4,800

Cash at bank and in hand

 

2,024

2,066

 

2,490

6,866

Prepayments and accrued income

 

121

-

Creditors: Amounts falling due within one year

(14,716)

(4,443)

Total assets less current liabilities

 

(12,105)

2,423

Accruals and deferred income

 

(600)

(900)

Net (liabilities)/assets

 

(12,705)

1,523

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(12,706)

1,522

Shareholders' (deficit)/funds

 

(12,705)

1,523

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 23 May 2025
 

.........................................
Mrs Cara Marie Wheatley-McGrain
Director

 

The Mindful Gut Coaching Ltd

Statement of Changes in Equity for the Year Ended 31 July 2024

Share capital
£

Retained earnings
£

Total
£

At 1 August 2023

1

1,522

1,523

Loss for the year

-

(14,228)

(14,228)

At 31 July 2024

1

(12,706)

(12,705)

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

1

3,444

3,445

Profit for the year

-

1,548

1,548

Dividends

-

(3,470)

(3,470)

At 31 July 2023

1

1,522

1,523

 

The Mindful Gut Coaching Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

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

The address of its registered office is:
23 Moor Green Lane
Kings Norton
Birmingham
West Midlands
B13 8NE

These financial statements were authorised for issue by the director on 23 May 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 abridged 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 abridged 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.

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.

 

The Mindful Gut Coaching Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

The Mindful Gut Coaching Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 31 July 2024

2024
£

2023
£

Turnover/revenue

20,266

18,164

Cost of sales

Opening stock/inventories

-

-

Purchase of raw materials and consumables

(296)

-

Closing stock/inventories

-

-

Subcontractor costs

(9,188)

-

Gross profit

10,782

18,164

Distribution costs

Administrative expenses

Audit and accountancy other services

(300)

(900)

Advertising, promotions and marketing costs

(180)

(414)

Client entertaining costs

-

(436)

Operating lease expenditure

(336)

(1,398)

Salaries and fees, directors

(9,100)

(9,024)

Travel and subsistence

(6,916)

(1,930)

Training

(5,269)

-

Legal and professional costs

(316)

(891)

Insurance costs

(244)

-

IT and computing

(1,946)

(717)

Printing, postage and stationery

(100)

(116)

Charitable donations

(10)

-

Subscriptions

(442)

-

Other costs

(312)

(312)

Other operating income

Other items

(Loss)/profit on ordinary activities before finance charges and interest

(14,689)

2,026

Non-bank interest and similar charges

-

(12)

(Loss)/profit on ordinary activities before taxation

(14,689)

2,014

Tax on profit or loss on ordinary activities

461

(466)

(Loss)/profit for the financial year

(14,228)

1,548