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Company No: 10336087 (England and Wales)

FIONA EDUCATION CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

FIONA EDUCATION CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

FIONA EDUCATION CONSULTING LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
FIONA EDUCATION CONSULTING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTOR F Hu
REGISTERED OFFICE Salisbury House
Station Road
Cambridge
CB1 2LA
England
United Kingdom
COMPANY NUMBER 10336087 (England and Wales)
ACCOUNTANT Peters Elworthy & Moore
Salisbury House
Station Road
Cambridge
CB1 2LA
FIONA EDUCATION CONSULTING LIMITED

BALANCE SHEET

As at 31 August 2023
FIONA EDUCATION CONSULTING LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 7,722 6,699
7,722 6,699
Current assets
Debtors 4 3,970 0
Cash at bank and in hand 39,350 26,523
43,320 26,523
Creditors: amounts falling due within one year 5 ( 12,679) ( 16,992)
Net current assets 30,641 9,531
Total assets less current liabilities 38,363 16,230
Provision for liabilities 6 ( 1,930) ( 1,675)
Net assets 36,433 14,555
Capital and reserves
Called-up share capital 7 1 1
Capital redemption reserve 1 1
Profit and loss account 36,431 14,553
Total shareholder's funds 36,433 14,555

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Fiona Education Consulting Limited (registered number: 10336087) were approved and authorised for issue by the Director on 22 November 2023. They were signed on its behalf by:

F Hu
Director
FIONA EDUCATION CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
FIONA EDUCATION CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fiona Education Consulting Limited (the Company) is a private company, limited by shares, incorporated in England and Wales. The address of the Company's registered office is Salisbury House, Station Road, Cambridge, CB1 2LA, England, United Kingdom. Its principal place of business is 1 Russell Close, Didmarton, Badminton, GL9 1ED.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. In making this assessment the director has considered the adequacy of the Company's financial resources at the time of approving the financial statements, noting the director's ongoing support for the business and financial resources as well as the cost base of the Company. Based on her review the director remains comfortable that the Company will be able to meet is liabilities as they fall due for the foreseeable future.

Turnover

Turnover comprises revenue recognised by the Company in respect of educational training services supplied during the year, exclusive of Value Added Tax. Turnover to supply services is recognised in the period in which the training is supplied where the amount of turnover can be reliably measured and it is probable that the Company will receive the consideration due.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. 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.

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 had 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Short term creditors are measured at the transaction price.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 01 September 2022 2,100 10,418 12,518
Additions 0 3,658 3,658
At 31 August 2023 2,100 14,076 16,176
Accumulated depreciation
At 01 September 2022 875 4,944 5,819
Charge for the financial year 525 2,110 2,635
At 31 August 2023 1,400 7,054 8,454
Net book value
At 31 August 2023 700 7,022 7,722
At 31 August 2022 1,225 5,474 6,699

4. Debtors

2023 2022
£ £
Prepayments 3,970 0

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to director 328 3,418
Accruals 3,120 3,060
Corporation tax 9,231 10,514
12,679 16,992

6. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 1,675) ( 415)
Charged to the Statement of Income and Retained Earnings ( 255) ( 1,260)
At the end of financial year ( 1,930) ( 1,675)

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1