New Forest Life Coach Limited - Limited company accounts 17.3

REGISTERED NUMBER: 07946065 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

NEW FOREST LIFE COACH LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mrs A F A Walker

SECRETARY:

REGISTERED OFFICE:

Cornerways House

School Lane

Ringwood

Hampshire

BH24 1GL

REGISTERED NUMBER:

07946065 (England and Wales)

ACCOUNTANTS:

Vincent Clemas CAAS Limited

Chartered Accountants

Cornerways House

School Lane

Ringwood

Hampshire

BH24 1LG

The director presents her report with the financial statements of the company for the year ended 28 February 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of life coaching.

DIRECTOR

Mrs A F A Walker held office during the whole of the period from 29 February 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs A F A Walker - Director

21 November 2017

TURNOVER

12,520

1,345

Cost of sales

578

972

GROSS PROFIT

11,942

373

Administrative expenses

1,516

1,260

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) BEFORE TAXATION

3

10,426

(887

)

Tax on profit/(loss)

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

10,426

(887

)

FIXED ASSETS

Tangible assets

4

40

50

CURRENT ASSETS

Debtors

5

12,000

-

CREDITORS

Amounts falling due within one year

6

2,191

1,898

NET CURRENT ASSETS/(LIABILITIES)

9,809

(1,898

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,849

(1,848

)

CREDITORS

Amounts falling due after more than one
year

7

9,813

8,542

NET ASSETS/(LIABILITIES)

36

(10,390

)

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

33

(10,393

)

SHAREHOLDERS' FUNDS

36

(10,390

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 November 2017 and were signed by:

Mrs A F A Walker - Director

1.	STATUTORY INFORMATION

New Forest Life Coach 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 the provisions of Section 1A "Small Entities" 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 cost convention.

The use of the going concern basis of accounting is appropriate because there are no material uncertainties

related to events or conditions that may cast significant doubt about the ability of the company to continue as a

going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

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.	OPERATING PROFIT/(LOSS)

The operating profit (2016 - operating loss) is stated after charging:

2017

2016

£

Depreciation - owned assets

10

12

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2016

and 28 February 2017

109

DEPRECIATION

At 29 February 2016

59

Charge for year

10

At 28 February 2017

69

NET BOOK VALUE

At 28 February 2017

40

At 28 February 2016

50

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

12,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other creditors

2,191

1,898

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2017

2016

£

Other creditors

9,813

8,542