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REGISTERED NUMBER: 08788244 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st March 2022

for

The Schiller Education Company Limited

The Schiller Education Company Limited (Registered number: 08788244)






Contents of the Financial Statements
For The Year Ended 31st March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Schiller Education Company Limited

Company Information
For The Year Ended 31st March 2022







DIRECTOR: Mrs L Hannay





REGISTERED OFFICE: 106 Charter Avenue
Ilford
Essex
IG2 7AD





REGISTERED NUMBER: 08788244 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

The Schiller Education Company Limited (Registered number: 08788244)

Statement of Financial Position
31st March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,842 1,346

CURRENT ASSETS
Debtors 5 3,265 2,484
Cash at bank 11,479 11,881
14,744 14,365
CREDITORS
Amounts falling due within one year 6 15,626 13,788
NET CURRENT (LIABILITIES)/ASSETS (882 ) 577
TOTAL ASSETS LESS CURRENT
LIABILITIES

960

1,923

PROVISIONS FOR LIABILITIES 256 256
NET ASSETS 704 1,667

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 504 1,467
SHAREHOLDERS' FUNDS 704 1,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 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 29th July 2022 and were signed by:



Mrs L Hannay - Director


The Schiller Education Company Limited (Registered number: 08788244)

Notes to the Financial Statements
For The Year Ended 31st March 2022

1. STATUTORY INFORMATION

The Schiller Education Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

The Schiller Education Company Limited (Registered number: 08788244)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2022

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2021 3,623 1,116 4,739
Additions - 1,249 1,249
At 31st March 2022 3,623 2,365 5,988
DEPRECIATION
At 1st April 2021 2,278 1,115 3,393
Charge for year 336 417 753
At 31st March 2022 2,614 1,532 4,146
NET BOOK VALUE
At 31st March 2022 1,009 833 1,842
At 31st March 2021 1,345 1 1,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 2,255 1,523
Prepayments 1,010 961
3,265 2,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Tax 128 1,525
Other creditors 3,175 1,920
Directors' current accounts 10,703 9,593
Accrued expenses 1,620 750
15,626 13,788

7. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary A shares £1.00 100 100
100 Ordinary B shares £1.00 100 100
200 200

The Schiller Education Company Limited (Registered number: 08788244)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2022

8. RELATED PARTY DISCLOSURES

Details of the director's loan account is shown in the notes to the financial statements.

The loan is interest free and has no fixed repayment date.

The controlling party is Mrs L Hannay.