REGISTERED NUMBER: |
Educational Resources Online Limited |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
REGISTERED NUMBER: |
Educational Resources Online Limited |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
Educational Resources Online Limited (Registered number: 09070386) |
Contents of the Financial Statements |
for the year ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Educational Resources Online Limited |
Company Information |
for the year ended 30 June 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Educational Resources Online Limited (Registered number: 09070386) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Share premium | 10 |
Retained earnings | 10 |
Shareholders' funds |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Educational Resources Online Limited (Registered number: 09070386) |
Notes to the Financial Statements |
for the year ended 30 June 2024 |
1. | Statutory information |
Educational Resources Online Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover is recognised on delivery of services over the period of the subscriptions paid by the customers. Any excess amounts at the balance sheet date not recognised as turnover are treated as deferred income and presented within both creditors: amounts falling within one year and creditors: amounts falling due after more than one year. |
In addition, other operating income is a smaller source of revenue for the company. This relates to online advertising income and is recognised when the other party is required to pay. |
Intangible assets other than goodwill |
Intangible assets comprise primarily website development costs and lump sum fees paid to teachers and are capitalised as the future economic benefits are long-term. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their estimated useful lives of 3 years. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired. |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
3. | Employees and directors |
The average number of employees during the year was |
Educational Resources Online Limited (Registered number: 09070386) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2024 |
4. | Intangible fixed assets |
Development |
costs |
£ |
Cost |
At 1 July 2023 |
Additions |
At 30 June 2024 |
Amortisation |
At 1 July 2023 |
Amortisation for year |
At 30 June 2024 |
Net book value |
At 30 June 2024 |
At 30 June 2023 |
5. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 July 2023 |
Additions |
At 30 June 2024 |
Depreciation |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
Net book value |
At 30 June 2024 |
At 30 June 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Educational Resources Online Limited (Registered number: 09070386) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2024 |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Other creditors |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | £1 | 125,000 | 125,000 |
10. | Reserves |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1 July 2023 | 4,311 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 30 June 2024 | 4,912 |