Cyber Coach Smart Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08445095 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Cyber Coach Smart Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Jones

R W Jones

REGISTERED OFFICE:

Education House

Unit 14 Britannia Way

Bolton

Lancashire

BL2 2HH

REGISTERED NUMBER:

08445095 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

4

8,707

13,015

CURRENT ASSETS

Debtors

124,056

134,222

Cash at bank

70,672

4,053

194,728

138,275

CREDITORS

Amounts falling due within one year

146,211

105,033

NET CURRENT ASSETS

48,517

33,242

TOTAL ASSETS LESS CURRENT LIABILITIES

57,224

46,257

CREDITORS

Amounts falling due after more than one year

226,456

45,937

NET (LIABILITIES)/ASSETS

(169,232

)

320

CAPITAL AND RESERVES

Called up share capital

44,439

44,439

Share premium

35,555

35,555

Retained earnings

(249,226

)

(79,674

)

SHAREHOLDERS' FUNDS

(169,232

)

320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 July 2018 and were signed on its behalf by:

G Jones - Director

1.	STATUTORY INFORMATION

Cyber Coach Smart Ltd 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 financial statements have been prepared on a going concern basis. The company has net liabilities in the

current financial year. The company is reliant on the continued financial support of lending organisations by way

of loans. The directors are of the opinion that trading performance will improve over the next financial year and

that the relevant support will be maintained. No adjustments have been made that may have been found

necessary if any other basis of preparation had been used.

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.

Product software

-

Straight line over 5 years

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

46,624

Additions

6,329

At 31 March 2018

52,953

DEPRECIATION

At 1 April 2017

33,609

Charge for year

10,637

At 31 March 2018

44,246

NET BOOK VALUE

At 31 March 2018

8,707

At 31 March 2017

13,015

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/18

31/3/17

£

£

Bank loans

250,075

68,801

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

31/3/18

31/3/17

£

£

R W Jones

Balance outstanding at start of year

-

-

Amounts advanced

13,348

-

Amounts repaid

(11,100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,248

-

7.	POST BALANCE SHEET EVENTS

After the year end the company acquired the entire share capital of Quick Controls Limited, a company owned

by the director, Mr Ron Jones.