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REGISTERED NUMBER: 06849006 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

4MYSCHOOLS LIMITED

4MYSCHOOLS LIMITED (REGISTERED NUMBER: 06849006)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4MYSCHOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mrs S C Payne





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 06849006 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

4MYSCHOOLS LIMITED (REGISTERED NUMBER: 06849006)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,915 2,292

CURRENT ASSETS
Debtors 6 703,281 387,080
Cash at bank and in hand 194,954 141,981
898,235 529,061
CREDITORS
Amounts falling due within one year 7 680,143 519,740
NET CURRENT ASSETS 218,092 9,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,007

11,613

CREDITORS
Amounts falling due after more than one
year

8

(165,775

)

(229,739

)

PROVISIONS FOR LIABILITIES 9 (2,979 ) (435 )
NET ASSETS/(LIABILITIES) 61,253 (218,561 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 61,252 (218,562 )
SHAREHOLDERS' FUNDS 61,253 (218,561 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

4MYSCHOOLS LIMITED (REGISTERED NUMBER: 06849006)

BALANCE SHEET - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





Mrs S C Payne - Director


4MYSCHOOLS LIMITED (REGISTERED NUMBER: 06849006)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

4MySchools Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts are rounded to the nearest Pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of teaching services, excluding value added tax. Turnover is recognised on an accruals basis.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 recognised 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

4MYSCHOOLS LIMITED (REGISTERED NUMBER: 06849006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 102 (2022 - 102 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 12,344
Additions 12,988
At 30 April 2023 25,332
DEPRECIATION
At 1 May 2022 10,052
Charge for year 3,365
At 30 April 2023 13,417
NET BOOK VALUE
At 30 April 2023 11,915
At 30 April 2022 2,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 658,626 244,710
Other debtors 5,290 2,790
Tax 36,679 13,649
Called up share capital not paid 1 1
Prepayments and accrued income 2,685 125,930
703,281 387,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 10,862 6,199
Tax - 2
VAT 319,671 211,965
Other creditors 121,825 11,573
PAYE 121,712 59,943
Directors' loan accounts 48,000 76,000
Accruals and deferred income 8,073 104,058
680,143 519,740

4MYSCHOOLS LIMITED (REGISTERED NUMBER: 06849006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 44,167 104,167
Other creditors 71,608 75,572
165,775 229,739

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,979 435

Deferred
tax
£   
Balance at 1 May 2022 435
Provided during year 2,544
Balance at 30 April 2023 2,979

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1