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Company Registration No. 10998681 (England and Wales)
ACUMEN GLOBAL ACADEMY LTD Unaudited accounts for the year ended 31 October 2023
ACUMEN GLOBAL ACADEMY LTD Unaudited accounts Contents
Page
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ACUMEN GLOBAL ACADEMY LTD Company Information for the year ended 31 October 2023
Director
Md Mahabubul Alam KHAN
Company Number
10998681 (England and Wales)
Registered Office
Office No. Suite: 3.6 Queens Court 9-17, Eastern Road Romford RM1 3NH ENGLAND
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ACUMEN GLOBAL ACADEMY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,987 
1,054 
Current assets
Cash at bank and in hand
18,399 
39,017 
Creditors: amounts falling due within one year
23,633 
9,888 
Net current assets
42,032 
48,905 
Total assets less current liabilities
44,019 
49,959 
Creditors: amounts falling due after more than one year
(41,145)
(47,393)
Net assets
2,874 
2,566 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,774 
2,466 
Shareholders' funds
2,874 
2,566 
For the year ending 31 October 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 his 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 22 July 2024 and were signed on its behalf by
Md Mahabubul Alam KHAN Director Company Registration No. 10998681
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ACUMEN GLOBAL ACADEMY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
ACUMEN GLOBAL ACADEMY LTD is a private company, limited by shares, registered in England and Wales, registration number 10998681. The registered office is Office No. Suite: 3.6, Queens Court, 9-17, Eastern Road, Romford, RM1 3NH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
20% Reducing Balance Method
Going concern
The Director have at the time of approving the financial Statements, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, They continue to adopt the Going Concern basis of Accounting in preparing the financial statements.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,080 
Additions
1,430 
At 31 October 2023
3,510 
Depreciation
At 1 November 2022
1,026 
Charge for the year
497 
At 31 October 2023
1,523 
Net book value
At 31 October 2023
1,987 
At 31 October 2022
1,054 
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ACUMEN GLOBAL ACADEMY LTD Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
(34,339)
(17,001)
Taxes and social security
2,076 
443 
Loans from directors
8,630 
6,670 
(23,633)
(9,888)
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,145 
47,393 
7
Transactions with related parties
In accordance with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), the Company discloses transactions with related parties to ensure transparency and accountability. Related parties include the Company's associates, joint ventures, and entities controlled or jointly controlled by these parties. During the financial year, the Company engaged in various transactions with related parties, including the purchase and sale of services, provision and other financial arrangements. The nature, amounts, and balances of these transactions are detailed in the notes 7 to the financial statements. These disclosures are made in compliance with IAS 24, which requires the reporting of the nature of relationships, the types of transactions, and the outstanding balances at the year-end. This ensures that the financial statements provide a true and fair view of the Company's financial position and performance, including the impact of related party transactions.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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