2020-09-012021-08-312021-08-31false12165813TUTORSWORK 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TUTORSWORK LTD

(formerly STUDYCLASS LTD)

Registered Number
12165813
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2021

TUTORSWORK LTD
Company Information
for the year from 1 September 2020 to 31 August 2021

Directors

Erdal Urul

Registered Address

163-167 Mill Road
Cambridge
CB1 3AN

Registered Number

12165813 (England and Wales)
TUTORSWORK LTD
Balance Sheet as at
31 August 2021

Notes

2021

2020

£

£

£

£

Current assets
Debtors41,12941,377
Cash at bank and on hand17,8232,281
58,95243,658
Creditors amounts falling due within one year7(21,735)(23,143)
Net current assets (liabilities)37,21720,515
Total assets less current liabilities37,21720,515
Net assets37,21720,515
Capital and reserves
Called up share capital1-
Profit and loss account37,21620,515
Shareholders' funds37,21720,515
The financial statements were approved and authorised for issue by the Director on 28 August 2022, and are signed on its behalf by:
Erdal Urul
Director
Registered Company No. 12165813
TUTORSWORK LTD
Notes to the Financial Statements
for the year ended 31 August 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20212020
Average number of employees during the year--
5.Description of nature of transactions and balances with related parties
During the year Erdal Urul, director and 100% shareholder of Tutorswork Ltd, advanced £34,002.13 to the company.  At year end the company owes Erdal £19.72 (2020: £765.47). An amount of £443,592.60 was paid to Nislo Research Ltd, a company under common control, with 100% shares held by Erdal Urul.  The amount relates to Direct Expenses and Contractors which were paid through Nislo Research Ltd, but for which the costs relate to Tutorswork Ltd.  These were accounted for against the company's loan account.  At 31 August 2021 Nislo Research Ltd owes an amount of £5,750.42 to Tutorswork Ltd (2020: £9,652.38).
6.Debtors within one year

2021

2020

££
Trade debtors / trade receivables35,37941,377
Other debtors5,750-
Total41,12941,377
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2021

2020

££
Taxation and social security20,21612,725
Other creditors2010,418
Accrued liabilities and deferred income1,499-
Total21,73523,143
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.