15
7 February 2024
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No description of principal activity
2022-06-01
Sage Accounts Production Advanced 2021 - FRS102_2021
124,825
30,121
154,946
110,041
13,713
123,754
31,192
14,784
xbrli:pure
xbrli:shares
iso4217:GBP
06409529
2022-06-01
2023-05-31
06409529
2023-05-31
06409529
2022-05-31
06409529
2021-06-01
2022-05-31
06409529
2022-05-31
06409529
core:PlantMachinery
2022-06-01
2023-05-31
06409529
bus:Director4
2022-06-01
2023-05-31
06409529
core:PlantMachinery
2022-05-31
06409529
core:PlantMachinery
2023-05-31
06409529
core:WithinOneYear
2023-05-31
06409529
core:WithinOneYear
2022-05-31
06409529
core:ShareCapital
2023-05-31
06409529
core:ShareCapital
2022-05-31
06409529
core:RetainedEarningsAccumulatedLosses
2023-05-31
06409529
core:RetainedEarningsAccumulatedLosses
2022-05-31
06409529
core:PlantMachinery
2022-05-31
06409529
bus:SmallEntities
2022-06-01
2023-05-31
06409529
bus:Audited
2022-06-01
2023-05-31
06409529
bus:FullAccounts
2022-06-01
2023-05-31
06409529
bus:SmallCompaniesRegimeForAccounts
2022-06-01
2023-05-31
06409529
bus:PrivateLimitedCompanyLtd
2022-06-01
2023-05-31
COMPANY REGISTRATION NUMBER:
06409529
FILLETED FINANCIAL STATEMENTS |
|
STATEMENT OF FINANCIAL POSITION |
|
31 May 2023
FIXED ASSETS
Tangible assets |
5 |
|
31,192 |
|
14,784 |
|
|
|
|
|
|
CURRENT ASSETS
Debtors |
6 |
862,790 |
|
808,883 |
|
Cash at bank and in hand |
471,529 |
|
326,234 |
|
|
------------ |
|
------------ |
|
|
1,334,319 |
|
1,135,117 |
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
1,033,480 |
|
1,005,817 |
|
|
------------ |
|
------------ |
|
NET CURRENT ASSETS |
|
300,839 |
|
129,300 |
|
|
--------- |
|
--------- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
332,031 |
|
144,084 |
|
|
|
|
|
|
PROVISIONS |
|
5,419 |
|
795 |
|
|
--------- |
|
--------- |
NET ASSETS |
|
326,612 |
|
143,289 |
|
|
--------- |
|
--------- |
|
|
|
|
|
CAPITAL AND RESERVES
Called up share capital fully paid |
|
1,000 |
|
1,000 |
Profit and loss account |
|
325,612 |
|
142,289 |
|
|
--------- |
|
--------- |
SHAREHOLDERS FUNDS |
|
326,612 |
|
143,289 |
|
|
--------- |
|
--------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
7 February 2024
, and are signed on behalf of the board by:
Company registration number:
06409529
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MAY 2023
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Citrus Group House, Diamond Way, Nene Park, Irthlingborough, Northamptonshire, NN9 5QF.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern The directors have given due regard to the financial position of the company at the year end, at the date of signing and for a period of twelve months following this. The ongoing effects of the coronavirus pandemic have formed a part of this consideration. Based on the financial position of the company the directors are satisfied that the company has sufficient resources and flexibility to be able to meet its liabilities as they fall due. Financial support is also available between group companies if required. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Web site development |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
15
(2022:
14
).
5.
TANGIBLE ASSETS
|
Web site development |
|
£ |
Cost |
|
At 1 June 2022 |
124,825 |
Additions |
30,121 |
|
--------- |
At 31 May 2023 |
154,946 |
|
--------- |
Depreciation |
|
At 1 June 2022 |
110,041 |
Charge for the year |
13,713 |
|
--------- |
At 31 May 2023 |
123,754 |
|
--------- |
Carrying amount |
|
At 31 May 2023 |
31,192 |
|
--------- |
At 31 May 2022 |
14,784 |
|
--------- |
|
|
6.
DEBTORS
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
263,546 |
315,888 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
334,639 |
243,819 |
Other debtors |
264,605 |
249,176 |
|
--------- |
--------- |
|
862,790 |
808,883 |
|
--------- |
--------- |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
5,534 |
89 |
Trade creditors |
321,570 |
342,197 |
Corporation tax |
41,267 |
34,546 |
Social security and other taxes |
63,510 |
63,116 |
Other creditors |
601,599 |
565,869 |
|
------------ |
------------ |
|
1,033,480 |
1,005,817 |
|
------------ |
------------ |
|
|
|
8.
SUMMARY AUDIT OPINION
The auditor's report for the year dated
7 February 2024
was
unqualified
.
The senior statutory auditor was
David Kelland FCA
, for and on behalf of
Meadows & Co Limited
.
9.
RELATED PARTY TRANSACTIONS
During the year the company undertook transactions with the following related parties: At 31 May 2023 the parent company owed the company £334,639 (2022 - £243,819). At 31 May 2023 Book My Course Limited had been provided with professional services from a Director totalling to £11,389. At year end the balance owed was £Nil
10.
PARENT UNDERTAKING
The parent company of the smallest group which prepares consolidated accounts which includes the results and position of Book My Course Limited is Shorcontrol Safety Limited (Incorporated in the Republic of Ireland). The registered address of this company is: Naas Industrial Estate, Naas, Co Kildare, Ireland.