IRIS Accounts Production v24.1.9.2 05140446 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051404462023-03-31051404462024-03-31051404462023-04-012024-03-31051404462022-03-31051404462022-04-012023-03-31051404462023-03-3105140446ns15:EnglandWales2023-04-012024-03-3105140446ns14:PoundSterling2023-04-012024-03-3105140446ns10:Director12023-04-012024-03-3105140446ns10:Director22023-04-012024-03-3105140446ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105140446ns10:SmallEntities2023-04-012024-03-3105140446ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105140446ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105140446ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105140446ns10:FullAccounts2023-04-012024-03-310514044612023-04-012024-03-3105140446ns10:OrdinaryShareClass12023-04-012024-03-3105140446ns10:RegisteredOffice2023-04-012024-03-3105140446ns5:CurrentFinancialInstruments2024-03-3105140446ns5:CurrentFinancialInstruments2023-03-3105140446ns5:Non-currentFinancialInstruments2024-03-3105140446ns5:Non-currentFinancialInstruments2023-03-3105140446ns5:ShareCapital2024-03-3105140446ns5:ShareCapital2023-03-3105140446ns5:RetainedEarningsAccumulatedLosses2024-03-3105140446ns5:RetainedEarningsAccumulatedLosses2023-03-3105140446ns5:NetGoodwill2023-04-012024-03-3105140446ns5:FurnitureFittings2023-04-012024-03-3105140446ns5:MotorVehicles2023-04-012024-03-3105140446ns5:NetGoodwill2024-03-3105140446ns5:FurnitureFittings2023-03-3105140446ns5:MotorVehicles2023-03-3105140446ns5:ComputerEquipment2023-03-3105140446ns5:ComputerEquipment2023-04-012024-03-3105140446ns5:FurnitureFittings2024-03-3105140446ns5:MotorVehicles2024-03-3105140446ns5:ComputerEquipment2024-03-3105140446ns5:FurnitureFittings2023-03-3105140446ns5:MotorVehicles2023-03-3105140446ns5:ComputerEquipment2023-03-3105140446ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105140446ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105140446ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 05140446 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

TEACHING 4 BUSINESS LIMITED

TEACHING 4 BUSINESS LIMITED (REGISTERED NUMBER: 05140446)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEACHING 4 BUSINESS LIMITED

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: H V M Howell
L R C Wilkes





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 05140446 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

TEACHING 4 BUSINESS LIMITED (REGISTERED NUMBER: 05140446)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,200 -
Tangible assets 5 39,960 47,826
41,160 47,826

CURRENT ASSETS
Debtors 6 109,839 457,965
Cash at bank 221,430 157,873
331,269 615,838
CREDITORS
Amounts falling due within one year 7 102,034 454,589
NET CURRENT ASSETS 229,235 161,249
TOTAL ASSETS LESS CURRENT LIABILITIES 270,395 209,075

CREDITORS
Amounts falling due after more than one
year

8

(14,262

)

(23,262

)

PROVISIONS FOR LIABILITIES (9,678 ) (11,957 )
NET ASSETS 246,455 173,856

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 246,451 173,852
SHAREHOLDERS' FUNDS 246,455 173,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TEACHING 4 BUSINESS LIMITED (REGISTERED NUMBER: 05140446)

Balance Sheet - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:




L R C Wilkes - Director



H V M Howell - Director


TEACHING 4 BUSINESS LIMITED (REGISTERED NUMBER: 05140446)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Teaching 4 Business Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 30% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TEACHING 4 BUSINESS LIMITED (REGISTERED NUMBER: 05140446)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1,500
At 31 March 2024 1,500
AMORTISATION
Charge for year 300
At 31 March 2024 300
NET BOOK VALUE
At 31 March 2024 1,200

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 12,065 69,400 5,425 86,890
Additions 3,049 - 3,205 6,254
At 31 March 2024 15,114 69,400 8,630 93,144
DEPRECIATION
At 1 April 2023 8,068 27,548 3,448 39,064
Charge for year 2,102 10,463 1,555 14,120
At 31 March 2024 10,170 38,011 5,003 53,184
NET BOOK VALUE
At 31 March 2024 4,944 31,389 3,627 39,960
At 31 March 2023 3,997 41,852 1,977 47,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,725 395,445
Other debtors 71,114 62,520
109,839 457,965

TEACHING 4 BUSINESS LIMITED (REGISTERED NUMBER: 05140446)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 3,321 19,284
Taxation and social security 48,674 72,691
Other creditors 41,039 353,614
102,034 454,589

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,262 23,262

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4