Company Registration No. 11553131 (England and Wales)
Eduaid.International Ltd
Unaudited accounts
for the year ended 30 September 2023
Eduaid.International Ltd
Unaudited accounts
Contents
Eduaid.International Ltd
Company Information
for the year ended 30 September 2023
Company Number
11553131 (England and Wales)
Registered Office
Elite House Unit 18
70 Warwick Street
Birmingham
B12 0NL
Eduaid.International Ltd
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
35,226
52,350
Creditors: amounts falling due within one year
(14,371)
(32,547)
Net current assets
20,855
19,803
Total assets less current liabilities
21,771
20,672
Creditors: amounts falling due after more than one year
(7,294)
(11,525)
Called up share capital
1
1
Profit and loss account
14,476
9,146
Shareholders' funds
14,477
9,147
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
Mr M T B C Riaz
Director
Company Registration No. 11553131
Eduaid.International Ltd
Notes to the Accounts
for the year ended 30 September 2023
Eduaid.International Ltd is a private company, limited by shares, registered in England and Wales, registration number 11553131. The registered office is Elite House Unit 18, 70 Warwick Street, Birmingham, B12 0NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes.
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.
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on a straight-line basis
The tax expense represents the tax currently payable. This based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Eduaid.International Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Computer equipment
At 30 September 2023
2,311
At 30 September 2023
1,395
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,235
4,131
Taxes and social security
4,536
3,974
Other creditors
4,660
2,762
Loans from directors
940
21,680
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).