K. EDUAM COMPANY LIMITED Filleted Accounts Cover
K. EDUAM COMPANY LIMITED
Company No. 10702225
Information for Filing with The Registrar
31 March 2024
K. EDUAM COMPANY LIMITED Balance Sheet Registrar
at
31 March 2024
Company No.
10702225
Notes
2024
2023
£
£
Fixed assets
Investment property
4
396,447396,447
396,447396,447
Current assets
Debtors
5
5,8965,238
Cash at bank and in hand
4,9787,636
10,87412,874
Creditors: Amount falling due within one year
6
(113,538)
(107,108)
Net current liabilities
(102,664)
(94,234)
Total assets less current liabilities
293,783302,213
Creditors: Amounts falling due after more than one year
7
(329,566)
(314,406)
Net liabilities
(35,783)
(12,193)
Capital and reserves
Called up share capital
11
Profit and loss account
10
(35,784)
(12,194)
Total equity
(35,783)
(12,193)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 August 2024 and signed on its behalf by:
J. Koomson
Director
30 August 2024
K. EDUAM COMPANY LIMITED Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
K. EDUAM COMPANY LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10702225
Its registered office is:
17 Flamingo Close
Hatfield
Hertfordshire
AL10 9LU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
396,447
At 31 March 2024
396,447
The fair value of investment property has been included at cost. In the opinion of the directors the fair value of the properties are the same as the cost at the balance sheet date.
5
Debtors
2024
2023
£
£
Trade debtors
1,5171,507
Prepayments and accrued income
4,3793,731
5,8965,238
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
110,128102,128
Other creditors
1,0902,960
Accruals and deferred income
2,3202,020
113,538107,108
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
329,566314,406
329,566314,406
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
329,566
314,406
329,566314,406
The company’s investment properties have been pledged as security for borrowings. Loans are repayable over fifteen years term and interest rate payable is 4.99%.
8
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
329,566314,406
9
Share Capital
1 fully paid Ordinary share of £1 nominal value
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Contingent Assets/Liabilities
The directors were not aware of existence of any contingent liabilities as at the year end.
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