IRIS Accounts Production v23.3.1.45 02534867 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure025348672021-12-31025348672022-12-31025348672022-01-012022-12-31025348672020-12-31025348672021-01-012021-12-31025348672021-12-3102534867ns16:EnglandWales2022-01-012022-12-3102534867ns15:PoundSterling2022-01-012022-12-3102534867ns11:Director12022-01-012022-12-3102534867ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3102534867ns11:SmallEntities2022-01-012022-12-3102534867ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3102534867ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3102534867ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3102534867ns11:FullAccounts2022-01-012022-12-3102534867ns11:Director22022-01-012022-12-3102534867ns11:Director32022-01-012022-12-3102534867ns11:CompanySecretary12022-01-012022-12-3102534867ns11:RegisteredOffice2022-01-012022-12-3102534867ns6:CurrentFinancialInstruments2022-12-3102534867ns6:CurrentFinancialInstruments2021-12-3102534867ns6:Non-currentFinancialInstruments2022-12-3102534867ns6:Non-currentFinancialInstruments2021-12-3102534867ns6:ShareCapital2022-12-3102534867ns6:ShareCapital2021-12-3102534867ns6:RevaluationReserve2022-12-3102534867ns6:RevaluationReserve2021-12-3102534867ns6:RetainedEarningsAccumulatedLosses2022-12-3102534867ns6:RetainedEarningsAccumulatedLosses2021-12-3102534867ns6:LandBuildings2021-12-3102534867ns6:PlantMachinery2021-12-3102534867ns6:LandBuildings2022-01-012022-12-3102534867ns6:PlantMachinery2022-01-012022-12-3102534867ns6:LandBuildings2022-12-3102534867ns6:PlantMachinery2022-12-3102534867ns6:LandBuildings2021-12-3102534867ns6:PlantMachinery2021-12-3102534867ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3102534867ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3102534867ns6:Secured2022-12-3102534867ns6:Secured2021-12-3102534867ns6:RevaluationReserve2021-12-31
REGISTERED NUMBER: 02534867 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Educational Training Centre (UK) Limited

Educational Training Centre (UK) Limited (Registered number: 02534867)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Educational Training Centre (UK) Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: K Parandian
D Maksousa
A Bertholet





SECRETARY: K Parandian





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





BUSINESS ADDRESS: 24 West Hill Road
Bournemouth
Dorset
BH2 5PG





REGISTERED NUMBER: 02534867 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Educational Training Centre (UK) Limited (Registered number: 02534867)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,077,868 2,083,776

CURRENT ASSETS
Stocks 1,100 1,100
Debtors 5 2,329,757 2,057,692
Cash at bank and in hand 19,771 131,660
2,350,628 2,190,452
CREDITORS
Amounts falling due within one year 6 3,061,019 2,710,852
NET CURRENT LIABILITIES (710,391 ) (520,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,367,477

1,563,376

CREDITORS
Amounts falling due after more than one
year

7

(265,828

)

(436,299

)

PROVISIONS FOR LIABILITIES (285,242 ) (286,655 )
NET ASSETS 816,407 840,422

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 811,242 811,242
Retained earnings 5,065 29,080
SHAREHOLDERS' FUNDS 816,407 840,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Educational Training Centre (UK) Limited (Registered number: 02534867)

Balance Sheet - continued
31 December 2022


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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





K Parandian - Director


Educational Training Centre (UK) Limited (Registered number: 02534867)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Educational Training Centre (UK) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received in respect of educational courses and auxiliary services delivered during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property and improvements - The freehold properties held by the company are language schools that are regularly refurbished, thereby extending the useful economic lives more or less indefinitely and preserving the residual values. The directors consider that the useful economic lives and residual values are such that any depreciation charge would be immaterial.

Leasehold property - Straight line over the lease term

Fixtures and fittings - 10% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Educational Training Centre (UK) Limited (Registered number: 02534867)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Profit and Loss as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2021 - 51 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2022 2,011,602 248,707 2,260,309
Additions - 8,583 8,583
At 31 December 2022 2,011,602 257,290 2,268,892
DEPRECIATION
At 1 January 2022 10,441 166,092 176,533
Charge for year 1,161 13,330 14,491
At 31 December 2022 11,602 179,422 191,024
NET BOOK VALUE
At 31 December 2022 2,000,000 77,868 2,077,868
At 31 December 2021 2,001,161 82,615 2,083,776

Educational Training Centre (UK) Limited (Registered number: 02534867)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2022 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2006 211,377 - 211,377
Valuation in 2007 355,000 - 355,000
Valuation in 2008 (100,000 ) - (100,000 )
Valuation in 2009 100,000 - 100,000
Valuation in 2021 515,279 - 515,279
Cost 929,946 257,290 1,187,236
2,011,602 257,290 2,268,892

If freehold property had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 918,344 918,344

The Freehold property and improvements value was considered on 31 December 2022 by Mr K Parandian, director, without any formal valuation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,145,080 1,926,727
Other debtors 184,677 130,965
2,329,757 2,057,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 288,826 137,967
Trade creditors 1,709,925 1,520,290
Taxation and social security 25,933 18,620
Other creditors 1,036,335 1,033,975
3,061,019 2,710,852

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 141,667 273,035
Other creditors 124,161 163,264
265,828 436,299

Educational Training Centre (UK) Limited (Registered number: 02534867)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 271,053 411,000

9. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 811,242