2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 80,840 36,504 16,168 52,672 28,168 44,336 4,841 1,700 1,673 4,868 2,830 828 1,275 2,383 2,485 2,011 xbrli:pure xbrli:shares iso4217:GBP 11544956 2023-09-01 2024-08-31 11544956 2024-08-31 11544956 2023-08-31 11544956 2022-09-01 2023-08-31 11544956 2023-08-31 11544956 2022-08-31 11544956 core:NetGoodwill 2023-09-01 2024-08-31 11544956 bus:Director1 2023-09-01 2024-08-31 11544956 core:NetGoodwill 2023-08-31 11544956 core:NetGoodwill 2024-08-31 11544956 core:WithinOneYear 2024-08-31 11544956 core:WithinOneYear 2023-08-31 11544956 core:AfterOneYear 2024-08-31 11544956 core:AfterOneYear 2023-08-31 11544956 core:ShareCapital 2024-08-31 11544956 core:ShareCapital 2023-08-31 11544956 core:RetainedEarningsAccumulatedLosses 2024-08-31 11544956 core:RetainedEarningsAccumulatedLosses 2023-08-31 11544956 core:NetGoodwill 2023-08-31 11544956 bus:SmallEntities 2023-09-01 2024-08-31 11544956 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11544956 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11544956 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11544956 bus:FullAccounts 2023-09-01 2024-08-31 11544956 core:OfficeEquipment 2023-09-01 2024-08-31 11544956 core:OfficeEquipment 2023-08-31 11544956 core:OfficeEquipment 2024-08-31
COMPANY REGISTRATION NUMBER: 11544956
The Bold Type Training & Consultancy Limited
Filleted Unaudited Financial Statements
31 August 2024
The Bold Type Training & Consultancy Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
28,168
44,336
Tangible assets
6
2,485
2,011
--------
--------
30,653
46,347
Current assets
Debtors
7
38,870
2,288
Cash at bank and in hand
12,521
3,900
--------
-------
51,391
6,188
Creditors: amounts falling due within one year
8
26,211
9,951
--------
-------
Net current assets/(liabilities)
25,180
( 3,763)
--------
--------
Total assets less current liabilities
55,833
42,584
Creditors: amounts falling due after more than one year
9
35,154
43,393
--------
--------
Net assets/(liabilities)
20,679
( 809)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
20,579
( 909)
--------
----
Shareholders funds/(deficit)
20,679
( 809)
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Bold Type Training & Consultancy Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 10 May 2025 , and are signed on behalf of the board by:
Mrs R J Jackson Reece
Director
Company registration number: 11544956
The Bold Type Training & Consultancy Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Ffordd Morgan, Llay, Wrexham, LL12 0RR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has prepared the accounts on a going concern basis as the business is going through a transitional period following which the director forecasts strong growth and an improvement in the company's financial position.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
80,840
--------
Amortisation
At 1 September 2023
36,504
Charge for the year
16,168
--------
At 31 August 2024
52,672
--------
Carrying amount
At 31 August 2024
28,168
--------
At 31 August 2023
44,336
--------
6. Tangible assets
Equipment
£
Cost
At 1 September 2023
4,841
Additions
1,700
Disposals
( 1,673)
-------
At 31 August 2024
4,868
-------
Depreciation
At 1 September 2023
2,830
Charge for the year
828
Disposals
( 1,275)
-------
At 31 August 2024
2,383
-------
Carrying amount
At 31 August 2024
2,485
-------
At 31 August 2023
2,011
-------
7. Debtors
2024
2023
£
£
Trade debtors
18,704
180
Other debtors
20,166
2,108
--------
-------
38,870
2,288
--------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,308
Social security and other taxes
20,636
8,862
Other creditors
1,267
1,089
--------
-------
26,211
9,951
--------
-------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
35,154
43,393
--------
--------
10. Director's advances, credits and guarantees
The director operates a loan account with the company. At the start of the year the balance was £2,108 in debit (2023 £8,572 in credit) and at the balance sheet date the balance was £20,166 in debit (2023 £2,108 in debit). The loan is interest free and repayable upon demand.