Springwell Business Coaching Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09691608 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Springwell Business Coaching Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms H R C Dilks

Mr A M Purvis

REGISTERED OFFICE:

Suite 8, Second Floor

Brewmaster House

The Maltings

St Albans

Hertfordshire

AL1 3HT

REGISTERED NUMBER:

09691608 (England and Wales)

ACCOUNTANTS:

Visionary Accountants

2 Adelaide Street

St Albans

Hertfordshire

AL3 5BH

FIXED ASSETS

Intangible assets

4

1,421

3,869

Tangible assets

5

960

34,834

2,381

38,703

CURRENT ASSETS

Debtors

6

34,103

73,324

Cash at bank

31,549

51,181

65,652

124,505

CREDITORS

Amounts falling due within one year

7

55,106

80,400

NET CURRENT ASSETS

10,546

44,105

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,927

82,808

CREDITORS

Amounts falling due after more than one year

8

4,531

13,930

NET ASSETS

8,396

68,878

CAPITAL AND RESERVES

Called up share capital

120

Retained earnings

8,276

68,758

SHAREHOLDERS' FUNDS

8,396

68,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr A M Purvis - Director

1.	STATUTORY INFORMATION

Springwell Business Coaching Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost, 25% on reducing balance and 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

25,000

AMORTISATION

At 1 January 2024

21,131

Charge for year

2,448

At 31 December 2024

23,579

NET BOOK VALUE

At 31 December 2024

1,421

At 31 December 2023

3,869

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

69,198

Additions

307

Disposals

(57,090

)

At 31 December 2024

12,415

DEPRECIATION

At 1 January 2024

34,364

Charge for year

1,151

Eliminated on disposal

(24,060

)

At 31 December 2024

11,455

NET BOOK VALUE

At 31 December 2024

960

At 31 December 2023

34,834

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

7,200

6,837

Other debtors

26,903

66,487

34,103

73,324

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

9,999

Taxation and social security

44,751

49,798

Other creditors

356

20,603

55,106

80,400

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

4,531

13,930

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £58,801 (2023 - £117,154) were paid to the directors .

At the balance sheet date the directors owed the company £26,903 (2023: £66,467). This loan is unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the directors.