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Company Registration No. 14046461 (England and Wales)
Scholar Co Limited Unaudited accounts for the period from 13 April 2022 to 30 April 2023
Scholar Co Limited Unaudited accounts Contents
Page
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Scholar Co Limited Company Information for the period from 13 April 2022 to 30 April 2023
Director
Sabarinath Kunnambath
Company Number
14046461 (England and Wales)
Registered Office
16 JACKSON STREET WORSLEY MANCHESTER M28 3RH ENGLAND
Accountants
RV & Joseph Accountants. 53 Peartree Drive Farnworth Bolton Lancashire BL49RR
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Scholar Co Limited Statement of financial position as at 30 April 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
1,191 
Current assets
Debtors
2 
Cash at bank and in hand
934 
936 
Creditors: amounts falling due within one year
(6,015)
Net current liabilities
(5,079)
Net liabilities
(3,888)
Capital and reserves
Called up share capital
2 
Profit and loss account
(3,890)
Shareholders' funds
(3,888)
For the period ending 30 April 2023 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 2 October 2023 and were signed on its behalf by
Sabarinath Kunnambath Director Company Registration No. 14046461
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Scholar Co Limited Notes to the Accounts for the period from 13 April 2022 to 30 April 2023
1
Statutory information
Scholar Co Limited is a private company, limited by shares, registered in England and Wales, registration number 14046461. The registered office is 16 JACKSON STREET, WORSLEY, MANCHESTER, M28 3RH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance method.
Computer equipment
33% Reducing balance method.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 13 April 2022
- 
- 
- 
Additions
140 
1,600 
1,740 
At 30 April 2023
140 
1,600 
1,740 
Depreciation
Charge for the period
21 
528 
549 
At 30 April 2023
21 
528 
549 
Net book value
At 30 April 2023
119 
1,072 
1,191 
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Scholar Co Limited Notes to the Accounts for the period from 13 April 2022 to 30 April 2023
5
Debtors
2023 
£ 
Amounts falling due after more than one year
Other debtors
2 
6
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
5,295 
Accruals
720 
6,015 
7
Average number of employees
During the period the average number of employees was 1.
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