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Registration number: 13531455

Out of Office Coaching Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2025

 

Out of Office Coaching Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Out of Office Coaching Limited

Company Information

Director

L.J. Kane

Registered office

The Evergreens
13 Thornlea
Hepscott
Morpeth
Northumberland
NE61 6NY

 

Out of Office Coaching Limited

(Registration number: 13531455)
Balance Sheet as at 31 July 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

24,333

28,333

Tangible assets

5

2,034

3,231

 

26,367

31,564

Current assets

 

Debtors

6

6,858

7,680

Cash at bank and in hand

 

5,451

9,313

 

12,309

16,993

Creditors: Amounts falling due within one year

7

(36,738)

(21,393)

Net current liabilities

 

(24,429)

(4,400)

Total assets less current liabilities

 

1,938

27,164

Creditors: Amounts falling due after more than one year

7

-

(26,518)

Provisions for liabilities

(509)

(808)

Net assets/(liabilities)

 

1,429

(162)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,329

(262)

Shareholders' funds/(deficit)

 

1,429

(162)

For the financial year ending 31 July 2025 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 his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 August 2025
 

.........................................
L.J. Kane
Director

 

Out of Office Coaching Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 July 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:
The Evergreens
13 Thornlea
Hepscott
Morpeth
Northumberland
NE61 6NY

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.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

The company meets its day to day working capital requirements through cash generated from operations and shareholder borrowings.

The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.

Based on the factors set out above the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

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.

 

Out of Office Coaching Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 July 2025 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred 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.

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

Computer and Office equipment

Over 4 years straight line

Intangible assets

Franchise operating licences are capitalised at cost less an amortisation of cost based on the estimated useful econcomic life of the agreement.

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

Franchise operating rights

Over 10 years straight line

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.

 

Out of Office Coaching Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 July 2025 (continued)

2

Accounting policies (continued)

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.

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.

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 2 (2024 - 2).

 

Out of Office Coaching Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 July 2025 (continued)

4

Intangible assets

Franchise Fee
 £

Total
£

Cost or valuation

At 1 August 2024

40,000

40,000

At 31 July 2025

40,000

40,000

Amortisation

At 1 August 2024

11,667

11,667

Amortisation charge

4,000

4,000

At 31 July 2025

15,667

15,667

Carrying amount

At 31 July 2025

24,333

24,333

At 31 July 2024

28,333

28,333

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 August 2024

5,373

5,373

Additions

150

150

At 31 July 2025

5,523

5,523

Depreciation

At 1 August 2024

2,142

2,142

Charge for the year

1,347

1,347

At 31 July 2025

3,489

3,489

Carrying amount

At 31 July 2025

2,034

2,034

At 31 July 2024

3,231

3,231

 

Out of Office Coaching Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 July 2025 (continued)

6

Debtors

2025
£

2024
£

Trade debtors

5,963

1,930

Prepayments

-

180

Other debtors

895

5,570

6,858

7,680

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

-

7,137

Taxation and social security

 

18,695

11,412

Other creditors

 

18,043

2,844

 

36,738

21,393

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

-

26,518

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

26,518

Current loans and borrowings

2025
£

2024
£

Bank borrowings

-

7,137