Company registration number 09435265 (England and Wales)
Beyond Basic Learning (Shavington) Ltd
Unaudited financial statements
For the year ended 30 November 2023
Beyond Basic Learning (Shavington) Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Beyond Basic Learning (Shavington) Ltd
Balance sheet
As at 30 November 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
365,698
351,744
Current assets
Debtors
4
17,496
16,701
Cash at bank and in hand
146,037
109,465
163,533
126,166
Creditors: amounts falling due within one year
5
(64,173)
(43,905)
Net current assets
99,360
82,261
Total assets less current liabilities
465,058
434,005
Creditors: amounts falling due after more than one year
6
(189,111)
(194,426)
Provisions for liabilities
7
(1,660)
(2,924)
Net assets
274,287
236,655
Capital and reserves
Called up share capital
100
100
Revaluation reserve
8
4,439
7,465
Profit and loss reserves
269,748
229,090
Total equity
274,287
236,655

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Beyond Basic Learning (Shavington) Ltd
Balance sheet (continued)
As at 30 November 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
Mr J D Mullarkey
Director
Company registration number 09435265 (England and Wales)
BEYOND BASIC LEARNING (SHAVINGTON) LTD
Beyond Basic Learning (Shavington) Ltd
Notes to the financial statements
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Beyond Basic Learning (Shavington) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Cheshire, CW5 6PF, Nantwich, and the principal place of business is 34 Crewe Road, Shavington, Crewe, Cheshire CW2 5JB .

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Nil - based on residual value
Plant and machinery
25% straight line
Fixtures, fittings & equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BEYOND BASIC LEARNING (SHAVINGTON) LTD
Beyond Basic Learning (Shavington) Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
19
16
BEYOND BASIC LEARNING (SHAVINGTON) LTD
Beyond Basic Learning (Shavington) Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
3
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost or valuation
At 1 December 2022
350,000
11,136
1,797
362,933
Additions
19,029
-
0
-
0
19,029
Revaluation
(4,029)
-
0
-
0
(4,029)
At 30 November 2023
365,000
11,136
1,797
377,933
Depreciation and impairment
At 1 December 2022
-
0
9,392
1,797
11,189
Depreciation charged in the year
-
0
1,046
-
0
1,046
At 30 November 2023
-
0
10,438
1,797
12,235
Carrying amount
At 30 November 2023
365,000
698
-
0
365,698
At 30 November 2022
350,000
1,744
-
0
351,744

Land and buildings with a carrying amount of £365,000 were revalued at 30 November 2023 by the directors on the basis of market value.

Freehold land and buildings are carried at valuation. If they were measured using the cost model, the carrying amounts would have been £359,077 (2022 - £340,047).

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,356
3,868
Other debtors
13,140
12,833
17,496
16,701
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
7,032
8,446
Trade creditors
8,113
4,552
Taxation and social security
19,966
7,429
Other creditors
29,062
23,478
64,173
43,905
BEYOND BASIC LEARNING (SHAVINGTON) LTD
Beyond Basic Learning (Shavington) Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
189,111
194,426
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
160,983
157,739
7
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
1,660
2,924
8
Revaluation reserve
2023
2022
£
£
At the beginning of the year
7,465
13,060
Revaluation surplus (deficit) arising in the year
(4,029)
(6,171)
Deferred tax on revaluation of tangible assets
1,003
576
At the end of the year
4,439
7,465
9
Financial commitments, guarantees and contingent liabilities

The company, by way of an omnibus guarantee with Wich Investments Limited and its subsidiary, Beyond Basic Learning Limited, has provided its assets as security for the bank borrowings of Wich Investments Limited, which is owned by the directors.

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