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REGISTERED NUMBER: 09070386 (England and Wales)















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: R J O'Neill





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09070386 (England and Wales)





Accountants: Cooper Parry
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 10,412 138
Tangible assets 5 562 -
10,974 138

Current assets
Debtors 6 31,425 24,319
Cash at bank 244,923 294,878
276,348 319,197
Creditors
Amounts falling due within one year 7 136,855 166,253
Net current assets 139,493 152,944
Total assets less current liabilities 150,467 153,082

Creditors
Amounts falling due after more than one
year

8

20,555

23,771
Net assets 129,912 129,311

Capital and reserves
Called up share capital 9 125,000 125,000
Share premium 10 3,800 3,800
Retained earnings 10 1,112 511
Shareholders' funds 129,912 129,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 3 September 2024 and were signed by:



R J O'Neill - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 1 (2023 - 1 ) .

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 122,667
Additions 14,198
At 30 June 2024 136,865
Amortisation
At 1 July 2023 122,529
Amortisation for year 3,924
At 30 June 2024 126,453
Net book value
At 30 June 2024 10,412
At 30 June 2023 138

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 July 2023 2,736
Additions 749
At 30 June 2024 3,485
Depreciation
At 1 July 2023 2,736
Charge for year 187
At 30 June 2024 2,923
Net book value
At 30 June 2024 562
At 30 June 2023 -

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 27,508 20,511
Other debtors 3,917 3,808
31,425 24,319

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 940 1,401
Taxation and social security 29,710 38,552
Other creditors 106,205 126,300
136,855 166,253

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 20,555 23,771

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
125,000 Ordinary shares £1 125,000 125,000

10. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 July 2023 511 3,800 4,311
Profit for the year 56,851 56,851
Dividends (56,250 ) (56,250 )
At 30 June 2024 1,112 3,800 4,912