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Registered number: 11662584
Promise Education Tutor Center Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
GA CORPORATE CONSULTING LIMITED
286 Moston Lane
Manchester
M40 9WB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11662584
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 690
690
CURRENT ASSETS
Debtors 5 7,987
Cash at bank and in hand 75
8,062
Creditors: Amounts Falling Due Within One Year 6 (1,000 )
NET CURRENT ASSETS (LIABILITIES) 7,062
TOTAL ASSETS LESS CURRENT LIABILITIES 7,752
NET ASSETS 7,752
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 7,751
SHAREHOLDERS' FUNDS 7,752
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nurudeen Rabiu
Director
25th July 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Promise Education Tutor Center Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11662584 . The registered office is 6 New Road, Dagenham, RM10 9LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Reducing Balance Basis
Computer Equipment Reducing Balance Basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 500 1,500 2,000
As at 30 November 2023 500 1,500 2,000
Depreciation
As at 1 December 2022 400 673 1,073
Provided during the period 50 187 237
As at 30 November 2023 450 860 1,310
Net Book Value
As at 30 November 2023 50 640 690
As at 1 December 2022 100 827 927
5. Debtors
2023
£
Due within one year
Other debtors 7,987
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023
£
Other creditors 1,000
7. Share Capital
2023
£
Allotted, Called up and fully paid 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Nurudeen Akanbi RABIU by virtue of his ownership of 100% of the issued share capital in the company.
Page 3