Cambridge Edu Centre Ltd
Registered number: 07886309
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 130 173
Current assets
Cash at bank and in hand 89,650 96,287
Creditors: amounts falling due within one year 4 (46,490) (59,802)
Net current assets 43,160 36,485
Net assets 43,290 36,658
Capital and reserves
Called up share capital 100 100
Profit and loss account 43,190 36,558
Shareholder's funds 43,290 36,658
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Y H Han
Director
Approved by the board on 12 August 2022
Cambridge Edu Centre Ltd
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 2,311
At 31 December 2021 2,311
Depreciation
At 1 January 2021 2,138
Charge for the year 43
At 31 December 2021 2,181
Net book value
At 31 December 2021 130
At 31 December 2020 173
4 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors - 364
Corporation tax 2,986 7,729
Other creditors 43,504 51,709
46,490 59,802
5 Other information
Cambridge Edu Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor, St Andrews House
59 St Andrews Street
Cambridge
CB2 3BZ
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