Registered number
03386832
TLC College
Filleted Accounts
31 July 2023
TLC College
Registered number: 03386832
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 937,036 965,573
Investments 4 10,000 10,000
947,036 975,573
Current assets
Debtors 5 240,592 234,542
Cash at bank and in hand 95,764 108,754
336,356 343,296
Creditors: amounts falling due within one year 6 (25,729) (31,049)
Net current assets 310,627 312,247
Total assets less current liabilities 1,257,663 1,287,820
Creditors: amounts falling due after more than one year 7 (1,234,571) (1,266,227)
Net assets 23,092 21,593
Capital and reserves
Profit and loss account 23,092 21,593
Shareholders' funds 23,092 21,593
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Khan
Director
Approved by the board on 15 April 2024
TLC College
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Tangible fixed assets
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:
Leasehold land and buildings over the lease term
Fixtures, fittings and equipment 25 % reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 20
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 1,466,623 215,107 1,681,730
Additions - 3,820 3,820
At 31 July 2023 1,466,623 218,927 1,685,550
Depreciation
At 1 August 2022 509,330 206,827 716,157
Charge for the year 29,332 3,025 32,357
At 31 July 2023 538,662 209,852 748,514
Net book value
At 31 July 2023 927,961 9,075 937,036
At 31 July 2022 957,293 8,280 965,573
4 Investments
Other
investments
£
Cost
At 1 August 2022 10,000
At 31 July 2023 10,000
5 Debtors 2023 2022
£ £
Trade debtors 93,349 73,334
Other debtors 147,243 161,208
240,592 234,542
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 16,649 21,827
Taxation and social security costs 7,567 7,709
Other creditors 1,513 1,513
25,729 31,049
7 Creditors: amounts falling due after one year 2023 2022
£ £
Provision for liabilities 1,234,571 1,266,227
8 Other information
TLC College is a company Limited by guarantee, having no share capital and incorporated in England. Its registered office is:
Dunstall Heights
1 Dunstall Road
Wolverhampton
WV6 0LZ
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