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Registration number: 08407505

CoachNudge Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

CoachNudge Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 8

 

CoachNudge Limited

(Registration number: 08407505)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

73,844

50,660

Current assets

 

Debtors

5

225,138

134,698

Cash at bank and in hand

 

909,267

771,993

 

1,134,405

906,691

Creditors: Amounts falling due within one year

6

(202,956)

(132,561)

Net current assets

 

931,449

774,130

Total assets less current liabilities

 

1,005,293

824,790

Creditors: Amounts falling due after more than one year

6

(36,258)

-

Provisions for liabilities

(2,224)

(2,568)

Net assets

 

966,811

822,222

Capital and reserves

 

Called up share capital

1

1

Retained earnings

966,810

822,221

Shareholders' funds

 

966,811

822,222

 

CoachNudge Limited

(Registration number: 08407505)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 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 Profit and Loss Account.

Approved and authorised by the Board on 8 June 2025 and signed on its behalf by:
 

.........................................
J B Gittins
Director

 

CoachNudge Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management consultancy services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

 

CoachNudge Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

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

25% reducing balance basis

Motor vehicles

20% reducing balance basis

Artwork

5% straight line basis

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.

Debtors

Trade debtors are amounts due from customers for management consultancy services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

CoachNudge Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

CoachNudge Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Artwork
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

13,842

64,523

34,000

112,365

Additions

-

5,870

50,880

56,750

Disposals

-

(4,162)

(34,000)

(38,162)

At 28 February 2025

13,842

66,231

50,880

130,953

Depreciation

At 1 March 2024

-

44,243

17,462

61,705

Charge for the year

-

5,207

10,176

15,383

Eliminated on disposal

-

(2,517)

(17,462)

(19,979)

At 28 February 2025

-

46,933

10,176

57,109

Carrying amount

At 28 February 2025

13,842

19,298

40,704

73,844

At 29 February 2024

13,842

20,280

16,538

50,660

5

Debtors

Current

2025
£

2024
£

Trade debtors

86,629

112,240

Prepayments

3,385

7,487

Other debtors

135,124

14,971

 

225,138

134,698

 

CoachNudge Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

5,020

15,851

Trade creditors

 

9,900

10,000

Taxation and social security

 

166,403

85,987

Other creditors

 

21,633

20,723

 

202,956

132,561

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

36,258

-

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

5,020

15,851

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

36,258

-

Hire purchase liabilities are secured on the asset to which they relate.

 

CoachNudge Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

8

Related party transactions

Transactions with directors

2025

At 1 March 2024
£

Advances to director
£

Repayments by director
£

At 28 February 2025
£

J B Gittins

Director loan account

(38)

517

(312)

167

2024

At 1 March 2023
£

Repayments by director
£

At 29 February 2024
£

J B Gittins

Director loan account

2,158

(2,196)

(38)

Other transactions with directors

J B Gittins (director) had a loan account with the company. At the balance sheet date the amount owed (from)/to J B Gittins was (£167) (2024: £38).