Registered number
09346394
Buckingham Education Ltd
Filleted Accounts
31 December 2023
Buckingham Education Ltd
Registered number: 09346394
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 31,660 11,500
Debtors 3 30,391 28,361
Cash at bank and in hand 287,984 291,022
350,035 330,883
Creditors: amounts falling due within one year 4 (92,402) (136,720)
Net current assets 257,633 194,163
Net assets 257,633 194,163
Capital and reserves
Called up share capital 1 1
Profit and loss account 257,632 194,162
Shareholder's funds 257,633 194,163
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Jeon
Director
Approved by the board on 31 July 2024
Buckingham Education Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 10,641 10,897
Other debtors 19,750 17,464
30,391 28,361
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 21,439 36,493
Other creditors 70,963 100,227
92,402 136,720
5 Other information
Buckingham Education Ltd is a private company limited by shares and incorporated in England. Its registered office is:
103 Gerry Raffles Square
London
E15 1BQ
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