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REGISTERED NUMBER: 09377215 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TEACHWELL LTD

TEACHWELL LTD (REGISTERED NUMBER: 09377215)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEACHWELL LTD

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTOR: N Wells





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 09377215 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

TEACHWELL LTD (REGISTERED NUMBER: 09377215)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 360 991

CURRENT ASSETS
Debtors 5 144,532 14,782
Cash at bank 211,355 182,153
355,887 196,935
CREDITORS
Amounts falling due within one year 6 140,050 108,707
NET CURRENT ASSETS 215,837 88,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,197

89,219

CREDITORS
Amounts falling due after more than one
year

7

-

18,417
NET ASSETS 216,197 70,802

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,097 70,702
SHAREHOLDERS' FUNDS 216,197 70,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TEACHWELL LTD (REGISTERED NUMBER: 09377215)

BALANCE SHEET - continued
31 August 2023


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 director and authorised for issue on 1 December 2023 and were signed by:





N Wells - Director


TEACHWELL LTD (REGISTERED NUMBER: 09377215)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Teachwell Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% straight line basis

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.

Government grants
Government grants are measured using the accrual model. These revenue-based grants are recognised on a systematic basis in the same period that the related costs are intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TEACHWELL LTD (REGISTERED NUMBER: 09377215)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022 6,695
Additions 368
At 31 August 2023 7,063
DEPRECIATION
At 1 September 2022 5,704
Charge for year 999
At 31 August 2023 6,703
NET BOOK VALUE
At 31 August 2023 360
At 31 August 2022 991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,511 7,098
Other debtors 46,000 -
Directors' current accounts 86,057 -
Prepayments 4,964 7,684
144,532 14,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 40,000 24,000
Social security and other taxes 5,225 3,405
VAT 94,145 79,124
Directors' current accounts - 1,578
Accrued expenses 680 600
140,050 108,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 18,417