Kate Jane Reynolds : Education Limited 13701485 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the provision of education consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 13701485 2022-11-01 2023-10-31 13701485 2023-10-31 13701485 bus:Director1 1 2023-10-31 13701485 core:CurrentFinancialInstruments 2023-10-31 13701485 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 13701485 core:OfficeEquipment 2023-10-31 13701485 bus:SmallEntities 2022-11-01 2023-10-31 13701485 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13701485 bus:FilletedAccounts 2022-11-01 2023-10-31 13701485 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13701485 bus:RegisteredOffice 2022-11-01 2023-10-31 13701485 bus:Director1 2022-11-01 2023-10-31 13701485 bus:Director1 1 2022-11-01 2023-10-31 13701485 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13701485 core:OfficeEquipment 2022-11-01 2023-10-31 13701485 countries:EnglandWales 2022-11-01 2023-10-31 13701485 2022-10-31 13701485 bus:Director1 1 2022-10-31 13701485 core:OfficeEquipment 2022-10-31 13701485 2021-10-25 2022-10-31 13701485 2022-10-31 13701485 bus:Director1 1 2022-10-31 13701485 core:CurrentFinancialInstruments 2022-10-31 13701485 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 13701485 core:OfficeEquipment 2022-10-31 13701485 bus:Director1 1 2021-10-25 2022-10-31 13701485 bus:Director1 1 2021-10-24 iso4217:GBP xbrli:pure

Registration number: 13701485

Kate Jane Reynolds : Education Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Kate Jane Reynolds : Education Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Kate Jane Reynolds : Education Limited

(Registration number: 13701485)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

319

407

Current assets

 

Debtors

5

-

5,340

Cash at bank and in hand

 

1,882

1,246

 

1,882

6,586

Creditors: Amounts falling due within one year

6

(16,462)

(6,938)

Net current liabilities

 

(14,580)

(352)

Net (liabilities)/assets

 

(14,261)

55

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(14,263)

53

Shareholders' (deficit)/funds

 

(14,261)

55

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 July 2024 and signed on its behalf by:
 

.........................................
K J Reynolds
Director

 

Kate Jane Reynolds : Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As at 31 October 2023 the company had net liabilities of £14,261 and net current liabilities of £14,580. Included within creditors falling due within one year is the sum of £14,983 which is owed to the directors, who have confirmed that this sum will only be repayable on the express condition that the company will remain solvent immediately following repayment. The Directors are therefore of the view that Kate Jane Reynolds : Education Limited will have sufficient resources available to meet its liabilities as they fall due for the foreseeable future and the financial statements have therefore been prepared on the going concern basis, which assumes that this will be the case.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of education consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Kate Jane Reynolds : Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Asset class

Depreciation method and rate

Office equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for education consultancy services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Kate Jane Reynolds : Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

442

442

At 31 October 2023

442

442

Depreciation

At 1 November 2022

35

35

Charge for the year

88

88

At 31 October 2023

123

123

Carrying amount

At 31 October 2023

319

319

At 31 October 2022

407

407

5

Debtors

Current

2023
£

2022
£

Other debtors

-

5,340

 

-

5,340

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

39

5,498

Other creditors

16,423

1,440

16,462

6,938

 

Kate Jane Reynolds : Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Related party transactions

Transactions with directors

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

K J Reynolds

5,340

39,001

(59,324)

(14,983)

2022

At 25 October 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

K J Reynolds

-

48,020

(42,680)

5,340