Gk1 Coaching Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07820199

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,295		4,599

			1,295		4,599
CURRENT ASSETS
Debtors		10,999		10,649
Cash at bank and in hand		47,734		62,706

		58,733		73,355
Creditors: Amounts Falling Due Within One Year		(38,651 )		(60,746 )

NET CURRENT ASSETS (LIABILITIES)			20,082		12,609

TOTAL ASSETS LESS CURRENT LIABILITIES			21,377		17,208

Creditors: Amounts Falling Due After More Than One Year			(3,000 )		(6,900 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(246 )		(874 )

NET ASSETS			18,131		9,434

CAPITAL AND RESERVES
Called up share capital	5		2		2
Profit and Loss Account			18,129		9,432

SHAREHOLDERS' FUNDS			18,131		9,434

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Gk1 Coaching Limited

Balance Sheet (continued)

As At 29 August 2024

For the year ending 29 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J L Coppen

Director

23rd September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Gk1 Coaching Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07820199 . The registered office is The Gateway, Unit 9, 2a Rathmore Road, London, SE7 7QW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on cost
Motor Vehicles	20% on cost
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

Tax is recognised in the profit and loss account except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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Gk1 Coaching Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 August 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 31 August 2023	34,707	20,394	475	4,333	59,909
Additions	-	-	-	1,927	1,927

As at 29 August 2024	34,707	20,394	475	6,260	61,836

Depreciation
As at 31 August 2023	34,707	16,316	475	3,812	55,310
Provided during the period	-	4,078	-	1,153	5,231

As at 29 August 2024	34,707	20,394	475	4,965	60,541

Net Book Value
As at 29 August 2024	-	-	-	1,295	1,295

As at 31 August 2023	-	4,078	-	521	4,599

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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