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
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
Classroom Secrets Limited
Statement of financial position
as at 28 February 2023
Tangible assets
10,638
16,645
Cash at bank and in hand
590,996
569,211
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)
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
Classroom Secrets Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
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.
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.
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
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 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.
Classroom Secrets Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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 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
At 28 February 2023
15,078
53,918
68,996
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
At 28 February 2023
5,667
4,971
10,638
At 28 February 2022
7,084
9,561
16,645
Amounts falling due within one year
Trade debtors
96,284
28,998
Accrued income and prepayments
1,090
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,378
1,039
Classroom Secrets Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,726
3,215
Taxes and social security
26,247
25,406
Loans from directors
(34,134)
(34,123)
Deferred income
411,589
1,017,660
7
Creditors: amounts falling due after more than one year
2023
2022
The controlling party is its directors
9
Average number of employees
During the year the average number of employees was 49 (2022: 53).