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Company Registration No. 08401067 (England and Wales)
Classroom Secrets Limited Unaudited accounts for the year ended 28 February 2023
Classroom Secrets Limited Unaudited accounts Contents
Page
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Classroom Secrets Limited Company Information for the year ended 28 February 2023
Directors
Mrs C L Riley Mr E W Riley
Company Number
08401067 (England and Wales)
Registered Office
2nd Floor Office, Drakes Industrial Est. Ovenden Halifax West Yorkshire HX3 6RL
Accountants
Green Accountants 1 Admiral Way Halifax West Yorkshire HX2 0SW
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Classroom Secrets Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,638 
16,645 
Current assets
Debtors
100,177 
30,037 
Cash at bank and in hand
590,996 
569,211 
691,173 
599,248 
Creditors: amounts falling due within one year
(603,560)
(1,059,943)
Net current assets/(liabilities)
87,613 
(460,695)
Total assets less current liabilities
98,251 
(444,050)
Creditors: amounts falling due after more than one year
(291,978)
- 
Provisions for liabilities
Deferred tax
(1,586)
(1,586)
Net liabilities
(195,313)
(445,636)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(195,513)
(445,836)
Shareholders' funds
(195,313)
(445,636)
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 directors acknowledge their 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 of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Mrs C L Riley Director Company Registration No. 08401067
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Classroom Secrets Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Classroom Secrets Limited is a private company, limited by shares, registered in England and Wales, registration number 08401067. The registered office is 2nd Floor Office, Drakes Industrial Est., Ovenden, Halifax, West Yorkshire, HX3 6RL.
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 year, and also have been consistently applied within the same accounts.
Basis of preparation
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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.
Presentation currency
The accounts are presented in £ sterling.
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 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% reducing balance
Computer equipment
straight line over 3 years
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Classroom Secrets Limited Notes to the Accounts for the year ended 28 February 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred income
Deferred income is a liability recognised on revenue received but not yet earned.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
15,078 
51,327 
66,405 
Additions
- 
2,591 
2,591 
At 28 February 2023
15,078 
53,918 
68,996 
Depreciation
At 1 March 2022
7,994 
41,766 
49,760 
Charge for the year
1,417 
7,181 
8,598 
At 28 February 2023
9,411 
48,947 
58,358 
Net book value
At 28 February 2023
5,667 
4,971 
10,638 
At 28 February 2022
7,084 
9,561 
16,645 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
96,284 
28,998 
Accrued income and prepayments
1,090 
- 
Other debtors
425 
- 
97,799 
28,998 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,378 
1,039 
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Classroom Secrets Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
193,852 
46,604 
Trade creditors
5,726 
3,215 
Taxes and social security
26,247 
25,406 
Other creditors
280 
206 
Loans from directors
(34,134)
(34,123)
Accruals
- 
975 
Deferred income
411,589 
1,017,660 
603,560 
1,059,943 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
291,978 
- 
8
Controlling party
The controlling party is its directors
9
Average number of employees
During the year the average number of employees was 49 (2022: 53).
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