GFS EDUCATION UK LIMITED |
Notes to the Accounts |
for the period from 31 August 2022 to 31 August 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Going concern |
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The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. The company director, who is owed by the company will not recall loan owed to him until the company turns into profitability and financially able to repay. Also, the company is in agreement with the creditors and director will continue to provide financial support to the company. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
0 |
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3 |
Debtors |
2023 |
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£ |
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Other debtors |
2 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Other creditors |
31,178 |
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5 |
Other information |
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GFS EDUCATION UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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50 Syon Lane |
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Islvworth |
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England |
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TW7 5NQ |