Akeera Business Coaching Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07832715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2022

for

Akeera Business Coaching Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T Brown

SECRETARY:

Mr T Brown

REGISTERED OFFICE:

26 Selbourne Road

Guildford

GU4 7JP

REGISTERED NUMBER:

07832715 (England and Wales)

ACCOUNTANTS:

Integrity Tax & Accountancy Solutions Ltd

May Cottage

Ashfield Road

Norton

Bury St Edmunds

Suffolk

IP31 3NF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

941

440

941

440

CURRENT ASSETS

Debtors

6

16,889

4,272

Cash at bank

-

5,002

16,889

9,274

CREDITORS

Amounts falling due within one year

7

118,460

126,855

NET CURRENT LIABILITIES

(101,571

)

(117,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(100,630

)

(117,141

)

CREDITORS

Amounts falling due after more than one year

8

4,483

6,275

NET LIABILITIES

(105,113

)

(123,416

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(105,213

)

(123,516

)

SHAREHOLDERS' FUNDS

(105,113

)

(123,416

)

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

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

The director acknowledges his 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 12th September 2023 and were signed by:

Mr T Brown - Director

1.	STATUTORY INFORMATION

Akeera 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.

Intangible assets

Intangible assets are depreciated on a straightline basis over 7 years being the period of the licence agreement

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Computer equipment

-

33% 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 1st January 2022

and 31st December 2022

40,000

AMORTISATION

At 1st January 2022

and 31st December 2022

40,000

NET BOOK VALUE

At 31st December 2022

-

At 31st December 2021

-

5.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1st January 2022

2,214

-

2,214

Additions

-

916

916

At 31st December 2022

2,214

916

3,130

DEPRECIATION

At 1st January 2022

1,774

-

1,774

Charge for year

110

305

415

At 31st December 2022

1,884

305

2,189

NET BOOK VALUE

At 31st December 2022

330

611

941

At 31st December 2021

440

-

440

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

5,651

3,972

Prepayments and accrued income

11,238

300

16,889

4,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

5,891

9,486

Trade creditors

108,104

110,165

Social security & other taxes

1,208

-

VAT

1,367

3,981

Directors' current accounts

690

2,023

Accruals and deferred income

1,200

1,200

118,460

126,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans - 1-2 years

4,483

6,275

9.	GOING CONCERN

The company has reported a profit for the year ended 31 December 2022 of £18,303 (2021: £18,819) and had net liabilities of (£105,113) (2021: (£123,416)) at that date. As a result of the net liability position of the company, the directors have undertaken to provide adequate financial support to enable the company to continue in operational existence and to meet its liabilities as they fall due. Accordingly the directors consider that the going concern basis is an appropriate basis for the preparation of these financial statements.