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Registered number: 06331578
Touchstone Educational Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Chartax Associates & Co
103 B Island Business Centre
18-36 Wellington Street
Woolwich
London
SE18 6PF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06331578
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,129 1,506
1,129 1,506
CURRENT ASSETS
Debtors 5 110,420 110,420
Cash at bank and in hand 33,598 33,783
144,018 144,203
Creditors: Amounts Falling Due Within One Year 6 (34,834 ) (34,832 )
NET CURRENT ASSETS (LIABILITIES) 109,184 109,371
TOTAL ASSETS LESS CURRENT LIABILITIES 110,313 110,877
NET ASSETS 110,313 110,877
Income and Expenditure Account 110,313 110,877
MEMBERS' FUNDS 110,313 110,877
Page 1
Page 2
For the year ending 31 August 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 Income and Expenditure Account.
On behalf of the board
Dr Y Olabiran
Director
18 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Touchstone Educational Solutions Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 06331578 . The registered office is Island Business Centre, 18-36 Wellington Street, Woolwich, London.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2022 824 10,772 11,596
As at 31 August 2023 824 10,772 11,596
Depreciation
As at 1 September 2022 689 9,401 10,090
Provided during the period 34 343 377
As at 31 August 2023 723 9,744 10,467
Net Book Value
As at 31 August 2023 101 1,028 1,129
As at 1 September 2022 135 1,371 1,506
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors Christ College 25,000 25,000
Other debtors Twentyfifth Avenue Ltd 280 280
Sundry debtors 59,650 59,650
Other debtors- Rent Deposits 24,407 24,407
Other debtors Topform Tutorial College 200 200
VAT 883 883
110,420 110,420
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 34,334 34,332
Accruals and deferred income 500 500
34,834 34,832
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4