Cicero Education Limited |
Notes to the Accounts |
for the period from 1 January 2023 to 30 April 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Computer equipment |
over 3 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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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. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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Going concern |
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These financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the director. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Intangible fixed assets |
£ |
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Website: |
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Cost |
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At 1 January 2023 |
11,454 |
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Disposals |
(11,454) |
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At 30 April 2023 |
- |
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Amortisation |
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At 1 January 2023 |
1,908 |
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On disposals |
(1,908) |
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At 30 April 2023 |
- |
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Net book value |
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At 30 April 2023 |
- |
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At 31 December 2022 |
9,546 |
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The website is being written off in equal annual instalments over its estimated economic life of 3 years. |
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4 |
Tangible fixed assets |
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Computer equipment |
£ |
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Cost |
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At 1 January 2023 |
3,991 |
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Disposals |
(3,991) |
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At 30 April 2023 |
- |
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Depreciation |
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At 1 January 2023 |
1,290 |
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On disposals |
(1,290) |
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At 30 April 2023 |
- |
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Net book value |
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At 30 April 2023 |
- |
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At 31 December 2022 |
2,701 |
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5 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Trade debtors |
- |
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1,410 |
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Other debtors |
- |
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3,733 |
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- |
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5,143 |
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6 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
- |
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98 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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114,867 |
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127,836 |
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Taxation and social security costs |
- |
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1,464 |
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Other creditors |
600 |
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650 |
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115,467 |
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130,048 |
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7 |
Controlling party |
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The company is owed by Branscombe Group Limited. The registered office of Branscombe Group Limited is 24 Bell Lane, Blackwater, Camberley GU17 0NW. |
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8 |
Other information |
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Cicero Education Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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24 Bell Lane |
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Blackwater |
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Camberley |
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Surrey |
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GU17 0NW |