Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false65truetrue 13190175 2023-02-28 13190175 2022-03-01 2023-02-28 13190175 2021-02-09 2022-02-28 13190175 2022-02-28 13190175 c:Director2 2022-03-01 2023-02-28 13190175 c:Director3 2022-03-01 2023-02-28 13190175 d:CurrentFinancialInstruments 2023-02-28 13190175 d:CurrentFinancialInstruments 2022-02-28 13190175 d:Non-currentFinancialInstruments 2023-02-28 13190175 d:Non-currentFinancialInstruments 2022-02-28 13190175 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13190175 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13190175 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13190175 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 13190175 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 13190175 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 13190175 d:ShareCapital 2023-02-28 13190175 d:ShareCapital 2022-02-28 13190175 d:RetainedEarningsAccumulatedLosses 2023-02-28 13190175 d:RetainedEarningsAccumulatedLosses 2022-02-28 13190175 c:FRS102 2022-03-01 2023-02-28 13190175 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13190175 c:FullAccounts 2022-03-01 2023-02-28 13190175 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 13190175


CENTRE FOR TUTORIAL TEACHING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
CENTRE FOR TUTORIAL TEACHING LIMITED
REGISTERED NUMBER: 13190175

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
89,555
34,057

Cash at bank and in hand
 5 
43,330
30,650

  
132,885
64,707

Creditors: amounts falling due within one year
 6 
(90,588)
(23,164)

Net current assets
  
 
 
42,297
 
 
41,543

Total assets less current liabilities
  
42,297
41,543

Creditors: amounts falling due after more than one year
  
(30,000)
-

  

Net assets
  
12,297
41,543


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
12,197
41,443

  
12,297
41,543


Page 1

 
CENTRE FOR TUTORIAL TEACHING LIMITED
REGISTERED NUMBER: 13190175
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
K Mayhew
................................................
D Palfreyman
Director
Director


Date: 24 November 2023
Date:24 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CENTRE FOR TUTORIAL TEACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Centre For Tutorial Teaching Limited is a private limited company by share capital, incorporated and  domiciled in the UK, registration  number  13190175. The address of the registered office is C/O Porters Lodge, New College, Holywell Street, Oxford, OX1 3BN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CENTRE FOR TUTORIAL TEACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CENTRE FOR TUTORIAL TEACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2022 - 5).

Page 5

 
CENTRE FOR TUTORIAL TEACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Debtors

2023
2022
£
£


Trade debtors
88,935
-

Other debtors
95
938

Prepayments and accrued income
525
33,119

89,555
34,057



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
43,330
30,650

43,330
30,650



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
499
4,980

Corporation tax
-
9,721

Other taxation and social security
-
4,258

Other creditors
1,154
4,205

Accruals and deferred income
88,935
-

90,588
23,164



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
30,000
-

30,000
-


Page 6

 
CENTRE FOR TUTORIAL TEACHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Other loans
30,000
-


30,000
-


30,000
-



9.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £12,733 (2022: £8,365). Contributions totalling £1,154 (2022: £921)  were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7