General Information
My Coaching Place Ltd is a private company, limited by shares, registered in England and Wales, registration number 14328224, registration address Monkswell, Little Baldon, Oxford, OX44 9PU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Intangible fixed assets
| Cost |
Software License |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
94,680 |
|
94,680 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 August 2025 |
94,680 |
|
94,680 |
| Amortisation |
| At 01 September 2024 |
6,312 |
|
6,312 |
| Charge for year |
9,468 |
|
9,468 |
| On disposals |
- |
|
- |
| At 31 August 2025 |
15,780 |
|
15,780 |
| Net book values |
| At 31 August 2025 |
78,900 |
|
78,900 |
| At 31 August 2024 |
88,368 |
|
88,368 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
136 |
|
5,502 |
| Other Debtors |
4 |
|
4 |
|
140 |
|
5,506 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
- |
|
257 |
| Accrued Expenses |
5,090 |
|
1,250 |
| Other Creditors |
26,965 |
|
41,619 |
| Directors' Current Accounts |
33,510 |
|
49,789 |
| VAT |
1,719 |
|
3,435 |
|
67,284 |
|
96,350 |
|
| 6. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
50
Class A shares of £1.00 each |
50 |
|
50 |
|
49
Class B shares of £1.00 each |
49 |
|
49 |
|
1
Class C share of £1.00 each |
1 |
|
1 |
|
100 |
|
100 |
|
3
|