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Registration number: 04723887

Coaching Consultancy Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Coaching Consultancy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Coaching Consultancy Limited

Company Information

Directors

R Steinhouse

A Steinhouse

Company secretary

J Jackson-Shilling

Registered office

Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

Accountants

Landmark Accountants Limited Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

 

Coaching Consultancy Limited

(Registration number: 04723887)
Balance Sheet as at 31 October 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Intangible assets

4

 

2,307

 

2,666

Tangible assets

5

 

3,565

 

8,240

   

5,872

 

10,906

Current assets

   

 

Debtors

6

515,587

 

460,577

 

Cash at bank and in hand

 

87,367

 

74,198

 

 

602,954

 

534,775

 

Creditors: Amounts falling due within one year

7

(1,573,353)

 

(1,505,533)

 

Net current liabilities

   

(970,399)

 

(970,758)

Total assets less current liabilities

   

(964,527)

 

(959,852)

Provisions for liabilities

 

(891)

 

(2,060)

Net liabilities

   

(965,418)

 

(961,912)

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

(965,518)

 

(962,012)

 

Total equity

   

(965,418)

 

(961,912)

For the financial year ending 31 October 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 and delivered in accordance with the special 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 Profit and Loss Account.

 

Coaching Consultancy Limited

(Registration number: 04723887)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
R Steinhouse
Director

 

Coaching Consultancy Limited

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

1

General information

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

The address of its registered office is:
Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS
United Kingdom

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.

The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements are prepared on a going concern basis. Although the company is showing a negative balance sheet, the parent company will provide any support if needed for a period of 12 months from the date of balance sheet approval.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of coaching services and provision of training courses 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.

 

Coaching Consultancy Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax together with the value of tax losses surrendered or relieved as appropriate, charged on a £1 for £1 basis. Tax is recognised in profit or loss, except that a charge 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Office equipment

3 years on cost

Plant and machinery

4 years on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software development

10% straight line

 

Coaching Consultancy Limited

Notes to the Financial Statements for the Year Ended 31 October 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 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

 

Coaching Consultancy Limited

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

4

Intangible assets

Software development costs
£

Total
£

Cost or valuation

At 1 November 2023

3,592

3,592

At 31 October 2024

3,592

3,592

Amortisation

At 1 November 2023

926

926

Amortisation charge

359

359

At 31 October 2024

1,285

1,285

Carrying amount

At 31 October 2024

2,307

2,307

At 31 October 2023

2,666

2,666

5

Tangible assets

Office equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2023

21,976

5,451

27,427

Additions

586

-

586

At 31 October 2024

22,562

5,451

28,013

Depreciation

At 1 November 2023

16,462

2,725

19,187

Charge for the year

3,897

1,364

5,261

At 31 October 2024

20,359

4,089

24,448

Carrying amount

At 31 October 2024

2,203

1,362

3,565

At 31 October 2023

5,514

2,726

8,240

 

Coaching Consultancy Limited

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

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

34,838

17,944

Amounts owed by group undertakings

8

476,405

434,264

Prepayments

 

3,494

7,570

Other debtors

 

850

799

 

515,587

460,577

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,940

13,064

Amounts owed to group undertakings

8

1,498,676

1,440,892

Taxation and social security

 

10,851

7,462

Other creditors

 

60,886

44,115

 

1,573,353

1,505,533

8

Related party transactions

The company has taken advantage of the exemption under FRS 102 Section 1AC.35 from disclosing transactions with other group companies wholly owned within the group.