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Company No: 05595084 (England and Wales)

INCYTE EDUCATION LTD
(Formerly M G A Education Limited)

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

INCYTE EDUCATION LTD

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 March 2024

Contents

INCYTE EDUCATION LTD

BALANCE SHEET

As at 31 March 2024
INCYTE EDUCATION LTD

BALANCE SHEET (continued)

For the financial year ended 31 March 2024
2024 2023
£ £
Fixed assets 2,375 247
Current assets 93,435 55,577
Creditors: amounts falling due within one year ( 69,004) ( 30,330)
Net current assets 24,431 25,247
Total assets less current liabilities 26,806 25,494
Creditors: amounts falling due after more than one year ( 12,203) ( 22,408)
Accruals and deferred income ( 1,966) ( 1,876)
Net assets 12,637 1,210
Capital and reserves 12,637 1,210

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Incyte Education Ltd (registered number: 05595084) were approved and authorised for issue by the Board of Directors on 30 August 2024 and were signed on its behalf by:

Ayham Ayche
Director
Malcolm Greenhalgh
Director
Caroline Mary Ann Mckee
Director
INCYTE EDUCATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
INCYTE EDUCATION LTD

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 March 2024

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 05595084). The address of its registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the financial year, including directors 3 2

3. Directors’ benefits: advances, credit and guarantees

Advances

The directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

Directors loan account 1
At 1 April 2023, the balance owed to the directors was £261. During the year, £32,435 was advanced to the director, and £40,242 was repaid by the directors. At 31 March 2024, the balance owed to the directors was £8,068.

At 1 April 2022, the balance owed to the directors was £363. During the year, £65,020 was advanced to the director, and £64,918 was repaid by the directors. At 31 March 2023, the balance owed to the directors was £261.

Directors loan account 2
At 1 April 2023, the balance owed to the director was £0. During the year, £28,480 was advanced to the director, and £34,140 was repaid by the director. At 31 March 2024, the balance owed to the directors was £5,660.