Company Registration No. 10188696 (England and Wales)
Kendall Bailey Education Limited
Unaudited accounts
for the year ended 30 June 2023
Kendall Bailey Education Limited
Unaudited accounts
Contents
Kendall Bailey Education Limited
Company Information
for the year ended 30 June 2023
Company Number
10188696 (England and Wales)
Registered Office
First Floor
85 Great Portland Street
London
W1W 7LT
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Kendall Bailey Education Limited
Accountants' report
Accountants' report to the director of Kendall Bailey Education Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Kendall Bailey Education Limited for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kendall Bailey Education Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kendall Bailey Education Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kendall Bailey Education Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kendall Bailey Education Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kendall Bailey Education Limited. You consider that Kendall Bailey Education Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kendall Bailey Education Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
17 November 2023
Kendall Bailey Education Limited
Statement of financial position
as at 30 June 2023
Creditors: amounts falling due within one year
(8,831)
(1,363)
Net current assets
53,489
61,130
Total assets less current liabilities
53,489
61,563
Creditors: amounts falling due after more than one year
(23,533)
(23,750)
Called up share capital
1
1
Profit and loss account
29,955
37,812
Shareholders' funds
29,956
37,813
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Katrina Jones
Director
Company Registration No. 10188696
Kendall Bailey Education Limited
Notes to the Accounts
for the year ended 30 June 2023
Kendall Bailey Education Limited is a private company, limited by shares, registered in England and Wales, registration number 10188696. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
1,023
1,455
2,478
At 30 June 2023
1,023
1,455
2,478
At 1 July 2022
1,023
1,022
2,045
Charge for the year
-
433
433
At 30 June 2023
1,023
1,455
2,478
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
61,434
62,481
Kendall Bailey Education Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,359
843
Loans from directors
4,472
-
7
Creditors: amounts falling due after more than one year
2023
2022
In September 2020, the company received a Bounce Back Loan of £25,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
8
Transactions with related parties
Included in long term debtors is a balance of £62,481 (2020 - nil) owed by Kendal Bailey Acquisitions Limited, a related company. The loan is interest-free.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).