Nicola Potts Executive Coaching Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08905811 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

Nicola Potts Executive Coaching Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss N Potts

REGISTERED OFFICE:

Unit D, South Cambridge Business Pk

Babraham Rd

Sawston

Cambridge

CB22 3JH

REGISTERED NUMBER:

08905811 (England and Wales)

ACCOUNTANTS:

Tyrrell Accountants

Unit D

South Cambs Business Park

Sawston

Cambridge

Cambridgeshire

CB22 3JH

FIXED ASSETS

Intangible assets

4

634

950

Tangible assets

5

2,510

1,016

3,144

1,966

CURRENT ASSETS

Debtors

6

1,161,475

895,875

Cash at bank

26,749

91,610

1,188,224

987,485

CREDITORS

Amounts falling due within one year

7

70,438

112,840

NET CURRENT ASSETS

1,117,786

874,645

TOTAL ASSETS LESS CURRENT LIABILITIES

1,120,930

876,611

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,120,929

876,610

SHAREHOLDERS' FUNDS

1,120,930

876,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 7 December 2022 and were signed by:

Miss N Potts - Director

1.	STATUTORY INFORMATION

Nicola Potts Executive 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2021

and 31 May 2022

1,584

AMORTISATION

At 1 June 2021

634

Charge for year

316

At 31 May 2022

950

NET BOOK VALUE

At 31 May 2022

634

At 31 May 2021

950

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

7,313

Additions

2,580

At 31 May 2022

9,893

DEPRECIATION

At 1 June 2021

6,297

Charge for year

1,086

At 31 May 2022

7,383

NET BOOK VALUE

At 31 May 2022

2,510

At 31 May 2021

1,016

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by group undertakings

427,000

880,000

Other debtors

734,475

15,875

1,161,475

895,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1

-

Taxation and social security

66,462

43,383

Other creditors

3,975

69,457

70,438

112,840