Company registration number 13531252 (England and Wales)
TEACH WELL TOOLKIT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TEACH WELL TOOLKIT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TEACH WELL TOOLKIT LTD (REGISTERED NUMBER: 13531252)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,020
2,243
Current assets
Debtors
4
1,611
Cash at bank and in hand
2,358
4,315
2,358
5,926
Creditors: amounts falling due within one year
5
(3,827)
(5,418)
Net current (liabilities)/assets
(1,469)
508
Total assets less current liabilities
551
2,751
Provisions for liabilities
(384)
(391)
Net assets
167
2,360
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
165
2,358
Total equity
167
2,360
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
Mrs S Bagri
Mr S Waters
Director
Director
TEACH WELL TOOLKIT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Teach Well Toolkit Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.3
Tangible fixed assets
Fixtures and fittings
25% Reducing balance
Computers
25% Reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
TEACH WELL TOOLKIT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
719
1,715
2,434
Additions
438
438
At 31 March 2024
719
2,153
2,872
Depreciation and impairment
At 1 April 2023
30
161
191
Depreciation charged in the year
172
489
661
At 31 March 2024
202
650
852
Carrying amount
At 31 March 2024
517
1,503
2,020
At 31 March 2023
689
1,554
2,243
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,611
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
2,349
2,748
Other creditors
1,478
2,670
3,827
5,418
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Class A shares of £1 each
1
1
1
1
Ordinary Class B shares of £1 each
1
1
1
1
2
2
2
2