Report of the Directors and Abbreviated Financial Statements

 

for the Year Ended 31st August 2023

 

For

 

Warnborough College Limited

Warnborough College Limited

 

Contents of the Financial Statements

for the Year Ended 31st August 2023

 

 

Page

 

 

Company Information

1

 

 

Report of the Directors

2

 

 

Income Statement

3

 

 

Balance Sheet

4

 

 

Notes to the Financial Statements

5

 

 

Trading and Profit and Loss Account

7

Warnborough College Limited

 

Company Information

for the Year Ended 31st August 2023

 

Directors and other information

 

 

 

Directors:

Dr K G Ng

 

Dr B D Tempest-Mogg

 

 

 

 

Secretary:

Dr K G Ng

 

 

 

 

Registered office:

Warnborough College

 

18 Lower Bridge Street

 

Canterbury

 

Kent

 

CT1 2LG

 

 

 

 

Company registered number:

04054294 (England and Wales)

Warnborough College Limited

 

Report of the Directors

for the Year Ended 31st August 2023

 

The Directors present their report with the financial statements of the company for the year ended 31st August 2023.

 

DIRECTORS

 

The Directors shown below have held office during the whole of the period from 1st September 2022 to the date of this report.

 

Dr B D Tempest-Mogg

 

Dr K G Ng

 

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

 

ON BEHALF OF THE BOARD:

 

 

 

 

……………………………….

……………………………………

Dr B D Tempest-Mogg

Dr K G Ng

Director

Director

 

 

Date: ……………………………..

Date: …………………………………..

Warnborough College Limited

 

Profit and Loss Account

for the Year Ended 31st August 2023

 

 

 

31.8.23

31.8.22

 

Notes

£

£

 

 

 

 

TURNOVER

 

121,117

70,681

 

 

 

 

Cost of Sales

 

13,536

4,825

GROSS PROFIT

 

107,581

65,856

 

 

 

 

Administrative Expenses

 

122,736

122,736

 

 

(19,898)

(56,879)

Other Operating Income

 

42,118

60,422

 

 

 

 

OPERATING PROFIT

 

 

 

BEFORE TAXATION

4

22,220

3,542

Tax on Profit

 

3,909

733

PROFIT FOR THE FINANCIAL YEAR

 

18,311

2,809

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dr B D Tempest-Mogg

Dr K G Ng

Director

Director

Warnborough College Limited

 

Balance Sheet

31st August 2023

 

 

 

31.8.23

 

31.8.22

 

 

Notes

£

£

£

£

 

 

 

 

 

 

FIXED ASSETS

 

 

 

 

 

Tangible assets

5

 

8,910

 

8,271

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

Stock

 

6,654

 

6,654

 

Debtors

6

18,910

 

19,840

 

Cash at bank and in hand

 

5,558

 

2,500

 

 

 

 

31,122

 

28,993

CREDITORS

 

 

 

 

 

Amounts falling due within one year

7

 

(56,363)

 

(330,436)

NET CURRENT ASSETS

 

 

(16,332)

 

(293,171)

 

 

 

 

 

 

TOTAL ASSETS LESS CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

Called up share capital

 

 

100

 

100

Retained Earnings

 

 

(34,742)

 

(296,080)

Profit for Period

 

 

18,311

 

2,809

SHAREHOLDERS' FUNDS

 

 

(16,332)

 

(293,171)

 

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

 

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

 

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Warnborough College Limited

 

Balance Sheet

31st August 2023

 

The financial statements were approved by the Board of Directors on……………...and were signed on its behalf by:

 

 

 

 

 

 

Dr B D Tempest-Mogg - Director

 

 

 

 

J K G Ng - Director

Warnborough College Limited

 

Notes to the Financial Statements

for the Year Ended 31st August 2023

 

1.     STATUTORY INFORMATION

 

Warnborough College Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address can be found on the Company Information page.

 

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 etc

-

25% on reducing balance

 

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 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 balance sheet date.

 

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

 

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Warnborough College Limited

 

Notes to the Financial Statements - continued.

for the Year Ended 31st August 2023

 

3.     EMPLOYEES AND DIRECTORS

 

The average number of employees during the year was 4

 

4.     OPERATING PROFIT

The operating profit is stated after charging:

 

 

31.08.223

31.08.22

 

£

£

Depreciation - owned assets

2,970

2,716

 

5.     TANGIBLE FIXED ASSETS

 

 

Plant and

 

Machinery

 

etc

 

£

COST

 

At 1st September 2022

126,419

Additions

4,614

At 31st August 2023

131,033

 

 

DEPRECIATION

 

At 1st September 2021

119,153

Charge for year

2,970

At 31st August 2022

122,123

 

 

NET BOOK VALUE

 

At 31st August 2022

8,271

At 31st August 2023

8,910

 

6.     DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

 

 

31.8.23

31.8.22

 

£

£

Trade Debtors

9,584

11,761

 

7.     CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

 

 

31.8.23

31.8.22

 

£

£

Trade Creditors

27,536

35,783

Taxation and Social Security

686

642

Other Creditors

28,141

294,011

 

56,363

330,436