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Company No: 11579388 (England and Wales)

RECONNECT COACHING LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

RECONNECT COACHING LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

RECONNECT COACHING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
RECONNECT COACHING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Debtors 3 19,659 60,208
Cash at bank and in hand 26,920 26,097
46,579 86,305
Creditors: amounts falling due within one year 4 ( 13,536) ( 32,282)
Net current assets 33,043 54,023
Total assets less current liabilities 33,043 54,023
Creditors: amounts falling due after more than one year 5 ( 8,100) ( 9,112)
Net assets 24,943 44,911
Capital and reserves
Called-up share capital 1 1
Profit and loss account 24,942 44,910
Total shareholder's funds 24,943 44,911

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Reconnect Coaching Limited (registered number: 11579388) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr Garath Symonds
Director

03 June 2025

RECONNECT COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
RECONNECT COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Reconnect Coaching Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Commerce House The Street, Grundisburgh, Woodbridge, IP13 6TD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Trade debtors 12,233 36,864
Amounts owed by directors 6,191 16,892
Prepayments 1,235 378
S455 0 6,074
19,659 60,208

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 3,038 3,038
Trade creditors 2,319 0
Amounts owed to directors 1,027 4,938
Accruals and deferred income 1,950 5,500
Corporation tax 1,663 10,921
Other taxation and social security 3,539 7,885
13,536 32,282

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 8,100 9,112

There are no amounts included above in respect of which any security has been given by the small entity.

6. Related party transactions

At the year end the directors owed the company £6,191 (2023: £16,893), this loan was cleared within 9 months of the year end. Interest had been charged on this loan at a rate of 2.25%.