Company Registration No. 09993281 (England and Wales)
TEFL Graduate Ltd
Unaudited accounts
for the year ended 28 February 2023
TEFL Graduate Ltd
Unaudited accounts
Contents
TEFL Graduate Ltd
Company Information
for the year ended 28 February 2023
Company Number
09993281 (England and Wales)
Registered Office
Kemp House
152-160 City Road
London
EC1V 2NX
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
TEFL Graduate Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
14,377
7,403
Creditors: amounts falling due within one year
(18,148)
(8,756)
Net current assets
1,013
23,866
Total assets less current liabilities
1,620
24,800
Creditors: amounts falling due after more than one year
(22,107)
(25,212)
Net liabilities
(20,487)
(412)
Called up share capital
1
1
Profit and loss account
(20,488)
(413)
Shareholders' funds
(20,487)
(412)
For the year ending 28 February 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 1 September 2023 and were signed on its behalf by
B S Padda
Director
Company Registration No. 09993281
TEFL Graduate Ltd
Notes to the Accounts
for the year ended 28 February 2023
TEFL Graduate Ltd is a private company, limited by shares, registered in England and Wales, registration number 09993281. The registered office is Kemp House, 152-160 City Road, London, EC1V 2NX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
20% straight line
Computer equipment
20% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The director is not aware of any material uncertainties that may cause significant doubt about the company's ability to continue as a going concern. The company will continue to operate with the support of the director and with the view of becoming profitable.
TEFL Graduate Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
1,874
1,635
3,509
At 28 February 2023
1,874
1,635
3,509
At 1 March 2022
1,874
701
2,575
Charge for the year
-
327
327
At 28 February 2023
1,874
1,028
2,902
At 28 February 2023
-
607
607
At 28 February 2022
-
934
934
Amounts falling due within one year
Other debtors
4,784
25,219
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,725
2,133
Taxes and social security
14,244
6,623
Loans from directors
317
-
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The Director
25,219
-
25,219
-
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).