Elite Coaching Solutions Limited
|
Registered Number
:
05931219
|
For the year ended 31 October 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2021
Elite Coaching Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Elite Coaching Solutions Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
2,391
641
3
2,391
641
2,648
1,943
4
Trade and other receivables
|
18,198
48,374
5
21,318
Cash and cash equivalents
|
3,812
54,129
42,164
Trade and other payables
:
amounts falling due within one
|
year
|
(41,179)
(14,738)
6
985
39,391
Net current assets
Total assets less current liabilities
|
41,782
1,626
Trade and other payables
:
amounts falling due after more
|
than one year
|
(18,333)
(14,333)
7
27,449
Net assets/liabilities
(16,707)
50,001
50,001
(22,552)
(66,708)
27,449
(16,707)
Shareholders' funds
For the year ended 31 October 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
1 of 5
For the year ended 31 October 2021
Elite Coaching Solutions Limited
Statement of Financial Position Continued
Simon Austerberry Director
|
These financial statements were approved and authorised for issue by the Board on 28 July 2022 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 October 2021
Elite Coaching Solutions Limited
Notes to the Financial Statements
Statutory Information
Elite Coaching Solutions Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
05931219
.
|
123 Treen Road
Tyldesley
Manchester
M29 7HB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
3 of 5
For the year ended 31 October 2021
Elite Coaching Solutions Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
24,000
24,000
24,000
24,000
-
-
3
.
Property
,
plant and equipment
|
11,158
2,385
8,773
2,865
2,865
-
8,773
5,250
14,023
Provision for depreciation and impairment
|
10,517
2,385
8,132
Charge for year
1,115
955
160
11,632
3,340
8,292
481
1,910
2,391
641
-
641
2020
2021
1,943
2,648
4 of 5
For the year ended 31 October 2021
Elite Coaching Solutions Limited
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2020
2021
5,086
532
43,288
17,666
18,198
48,374
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
4,000
3,054
Taxation and social security
|
2,239
8,002
8,499
30,123
14,738
41,179
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
14,333
18,333
8
.
Average number of persons employed
|
During the year the average number of employees was 4 (2020 : 4)
5 of 5