Karibu Coaching Limited iXBRL

Karibu Coaching Limited

Director's Report and Unaudited Financial Statements

for the financial year ended 31 May 2025

Karibu Coaching Limited

DIRECTOR AND OTHER INFORMATION


Director	Mrs Kate Alice Fonseca Williams


Company Registration Number	14085005


Registered Office and Business Address	1 Lemon Court Carclew
	Perranarworthal
	Truro
	Cornwall
	TR3 7PB
	United Kingdom


Accountants	Forth Accountancy LLP
	The Ground Floor Office
	5 Market Square
	PL26 6UD
	GB

Karibu Coaching Limited

DIRECTOR'S REPORT

for the financial year ended 31 May 2025

The director presents their report and the unaudited financial statements for the financial year ended 31 May 2025.

Principal Activity

Other support business services

Director

The director who served during the financial year is as follows:

Mrs Kate Alice Fonseca Williams

There were no changes in shareholdings between 31 May 2025 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mrs Kate Alice Fonseca Williams

Director

20 October 2025

Karibu Coaching Limited

Company Registration Number: 14085005

STATEMENT OF FINANCIAL POSITION

as at 31 May 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

693

─────────

Current Assets

Receivables

4,438

Cash and cash equivalents

26,816

1,814

─────────

31,254

1,814

─────────

Payables: amounts falling due within one year

(7,629)

(1,459)

─────────

Net Current Assets

23,625

355

─────────

Total Assets less Current Liabilities

24,318

355

═════════

Equity

Called up share capital

Retained earnings

24,318

355

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Equity attributable to owners of the company

24,318

355

═════════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Income Statement.

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 20 October 2025



________________________________
Mrs Kate Alice Fonseca Williams
Director

Karibu Coaching Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 May 2025

General Information

Karibu Coaching Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 14085005. The registered office of the company is 1 Lemon Court Carclew, Perranarworthal, Truro, Cornwall, TR3 7PB, United Kingdom which is also the principal place of business of the company. Other support business services The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 May 2025 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Cash flow statement

The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Revenue

Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other receivables

Trade and other receivables 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.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Directors

═════════

Tax on profit

2025

2024

(a) Analysis of charge in the financial year

Current tax:

Corporation tax at 19.00% (2024 - 19.00%) (Note 4 (b))

5,458

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(b) Factors affecting tax charge for the financial year

The tax assessed for the financial year differs from the standard rate of corporation tax in United Kingdom 19.00% (2024 - 19.00%). The differences are explained below:

2025

2024

Profit taxable at 19.00%

29,421

782

═════════

Profit before tax

multiplied by the standard rate of corporation tax

in United Kingdom at 19.00% (2024 - 19.00%)

5,590

149

Effects of:

Capital allowances for period in excess of depreciation

(132)

Utilisation of tax losses

(66)

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Total tax charge for the financial year (Note 4 (a))

5,458

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5.	Property, plant and equipment
		Plant and	Total
		machinery

		£	£
	Cost
	At 1 June 2024	-	-
	Additions	924	924
		─────────	─────────
	At 31 May 2025	924	924
		─────────	─────────
	Depreciation
	At 1 June 2024	-	-
	Charge for the financial year	231	231
		─────────	─────────
	At 31 May 2025	231	231
		─────────	─────────
	Carrying amount
	At 31 May 2025	693	693
		═════════	═════════


6.	Receivables	2025	2024
		£	£

	Trade receivables	4,438	-
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Taxation (Note 8)	5,564	-
	Director's current account	1,365	1,459
	Accruals	700	-
		─────────	─────────
		7,629	1,459
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Payables:
	Corporation tax	5,564	-
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 May 2025.

10.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.