Company Registration No. 07999273 (England and Wales)
Actioncoach EMEA Ltd
Unaudited accounts
for the year ended 31 March 2021
Actioncoach EMEA Ltd
Unaudited accounts
Contents
Actioncoach EMEA Ltd
Company Information
for the year ended 31 March 2021
Secretary
Wellco Secretaries Ltd
Company Number
07999273 (England and Wales)
Registered Office
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Actioncoach EMEA Ltd
Statement of financial position
as at
31 March 2021
Investments
472,815
472,815
Debtors
1,283,755
1,255,802
Cash at bank and in hand
163,031
12,943
Creditors: amounts falling due within one year
(416,522)
(600,971)
Net current assets
1,030,264
667,774
Net assets
1,503,079
1,140,589
Called up share capital
2
2
Profit and loss account
1,503,077
1,140,587
Shareholders' funds
1,503,079
1,140,589
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2022 and were signed on its behalf by
Mr B J Sugars
Director
Company Registration No. 07999273
Actioncoach EMEA Ltd
Notes to the Accounts
for the year ended 31 March 2021
Actioncoach EMEA Ltd is a private company, limited by shares, registered in England and Wales, registration number 07999273. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ. The principal place of business is 5781 South Fort, Apache Road, Las Vegas, Nevada, 89148, United States.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company is a parent company and is exempt from the requirement to prepare group accounts by virtue of section 399 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.
These accounts are presented in sterling and rounded to the nearest £.
The following principal accounting policies have been applied:
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Interest income is recognised in the statement of income and retained earnings using the effective interest method.
Actioncoach EMEA Ltd
Notes to the Accounts
for the year ended 31 March 2021
Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
3
Investments
Subsidiary undertakings
Valuation at 1 April 2020
472,815
Valuation at 31 March 2021
472,815
4
Debtors: amounts falling due within one year
2021
2020
Trade debtors
143,322
36,056
Amounts due from group undertakings etc.
450,330
297,904
Accrued income and prepayments
-
407
Other debtors
690,103
921,435
Actioncoach EMEA Ltd
Notes to the Accounts
for the year ended 31 March 2021
5
Creditors: amounts falling due within one year
2021
2020
Trade creditors
18,696
214,618
Taxes and social security
121,326
75,897
Other creditors
273,450
307,406
6
Share capital
2021
2020
Allotted, called up and fully paid:
2 (2019 - 2) ordinary shares of £1 each
2
2
7
Transactions with related parties
At 31 March 2021 the director owed the company £Nil (2020 - £246). This balance is interest free and repayable on demand.
The company has taken the exemption under FRS102 section 33.1A not to disclose transactions and balances with other group companies, on the basis that it is the parent of a wholly owned group.
9
Average number of employees
During the year the average number of employees was 1 (2020: 2).