Every Lesson Counts Tutoring Limited
Registered number: 08352664
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 528,654 159,375
Investments held as current assets 19,000 19,000
Cash at bank and in hand 8,523 33,781
556,177 212,156
Creditors: amounts falling due within one year 4 (308,869) (31,494)
Net current assets 247,308 180,662
Total assets less current liabilities 247,308 180,662
Creditors: amounts falling due after more than one year 5 (93,899) (77,000)
Net assets 153,409 103,662
Capital and reserves
Called up share capital 25 25
Profit and loss account 153,384 103,637
Shareholder's funds 153,409 103,662
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Boulton
Director
Approved by the board on 17 October 2023
Every Lesson Counts Tutoring Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 rendering of services. 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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 9,375
Other debtors 528,654 150,000
528,654 159,375
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,805 3,434
Trade creditors - 2,230
Amounts owed to group undertakings and undertakings in which the company has a participating interest 43,898 -
Corporation tax 44,216 18,924
Other taxes and social security costs 54,076 336
Other creditors 162,874 6,570
308,869 31,494
Other creditors includes an amount of £644 (2022: £6,493) owing to the director
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,899 27,000
Other creditors 73,000 50,000
93,899 77,000
Other creditors is the amount owing to the director
6 Controlling party
The company is controlled by R Boulton by reason of his shareholding.
7 Other information
Every Lesson Counts Tutoring Limited is a private company limited by shares and incorporated in England. Its registered office is:
13 Village Road
Higher Bebington
Wirral
CH63 8PP
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