2022-09-01 2023-08-31 10809170 Margaret Colley Education Ltd false 10809170 2022-09-01 2023-08-31 10809170 uk-bus:Director1 2022-09-01 2023-08-31 10809170 uk-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10809170 uk-bus:SmallEntities 2022-09-01 2023-08-31 10809170 uk-bus:FullAccounts 2022-09-01 2023-08-31 10809170 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10809170 2022-09-01 10809170 2023-08-31 10809170 2022-08-31 xbrli:pure iso4217:GBP 10809170 2021-09-01 2022-08-31
Company Registration Number : 10809170 (England and Wales)
10809170
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-08-31
false
Margaret Colley Education Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-09-01
Margaret Colley Education Ltd
Unaudited filleted financial statements
For the year ended 31 August 2023
Margaret Colley Education Ltd
Contents
For the year ended 31 August 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Margaret Colley Education Ltd
Company Information
For the year ended 31 August 2023

Company registration number 10809170 (England and Wales)
Director Margaret Patricia Colley
Registered office address 20 Marrick Road
Hartburn
Stockton-On-Tees
TS18 5LP
Accountant Root Accountants Ltd
Chartered Management Accountants
Sandown House
LS22 7DN
Margaret Colley Education Ltd
Statement of Financial Position
For the year ended 31 August 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment - 241
- 241
Current assets
Debtors 6 - 2,000
Cash and cash equivalents - 1,564
- 3,564
Current liabilities
Creditors: Amounts falling due within one year 7 (4,484) (3,704)
(4,484) (3,704)
Net current (liabilities)/assets (4,484) (140)
Total assets less current liabilities (4,484) 101
Net (liabilities)/assets (4,484) 101
Capital and reserves
Called up share capital 8 100 100
Retained earnings (4,584) 1
Shareholder's funds (4,484) 101
For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 August 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 06 October 2023
.............................
Margaret Patricia Colley (Director)
Company registration number: 10809170
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-08-31 31 August 2023
2023 2022
£ £
Fixed Assets (0) 241
Current Assets 0 3,564
Creditors: amounts falling due within one year (4,484) (3,704)
Net current assets (liabilities) (4,484) (140)
Total assets less current liabilities (4,484) 101
Net Assets (liabilities) (4,484) 101
Capital and Reserves (4,484) 101
For the year ending 8/31/2023 the company was entitled to exemption 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. For the year ending 31-08-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 06 October 2023 2023-10-06 and signed on behalf of the board,
.............................
Margaret Patricia Colley
Director
Company registration number: 10809170
Margaret Colley Education Ltd
Notes to the Financial Statements
For the year ended 31 August 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 20 Marrick Road, Hartburn, Stockton-On-Tees, TS18 5LP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rendering of Services
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment
Motor Cars
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the
statement of comprehensive income because of items of income or expense that are taxable or deductible in other
year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates
that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are
generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible
temporary differences to the extent that it is probable that taxable profits will be available against which those
deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each
reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available
to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively
enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and
deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences
that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or
settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are
recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also
recognised in other comprehensive income or directly in equity respectively.

(4) Employees
During the year, the average number of employees including director was 1 (2022 : 1).

(5) Tangible fixed assets
Fixtures and Fittings
£
Cost
As at 01 September 20221,014
Disposals(1,014)
As at 31 August 2023-
Depreciation
As at 01 September 2022773
For the year60
Write off on disposals(833)
As at 31 August 2023-
Net book value
As at 31 August 2023-
As at 31 August 2022241

(6) Debtors
Amounts falling due within one year
2023 2022
£ £
Trade debtors - 2,000
- 2,000

(7) Creditors: Amounts falling due within one year
2023 2022
£ £
Other creditors 4,484 3,464
Accruals and deferred income - 240
4,484 3,704

(8) Share Capital
Alloted,called up and fully paid: 2023 2022
£ £
100 (2022 : 100) Allotted, Called up and fully paid of £ 1 each100100
100 100
Retained earnings 2023
£
At 1 September 2022 1
Loss of the year (4,585)
At 31 August 2023 (4,584)