Company Registration No. 03666896 (England and Wales)
Teacher Training International Limited
Unaudited accounts
for the year ended 31 December 2023
Teacher Training International Limited
Unaudited accounts
Contents
Teacher Training International Limited
Company Information
for the year ended 31 December 2023
Company Number
03666896 (England and Wales)
Registered Office
148 Camden High Street
Camden Town
London
NW1 0NE
United Kingdom
Accountants
Kore Consulting
85 Great Portland Street
London
W1W 7LT
Teacher Training International Limited
Statement of financial position
as at 31 December 2023
Intangible assets
20,000
20,000
Tangible assets
10,838
8,525
Cash at bank and in hand
72,621
70,616
Creditors: amounts falling due within one year
(97,926)
(177,548)
Net current assets
438,228
134,997
Total assets less current liabilities
469,066
163,522
Creditors: amounts falling due after more than one year
(541,243)
(309,097)
Net liabilities
(72,177)
(145,575)
Called up share capital
2
2
Profit and loss account
(72,179)
(145,577)
Shareholders' funds
(72,177)
(145,575)
For the year ending 31 December 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 September 2024 and were signed on its behalf by
Dr Sam Malafeh
Director
Company Registration No. 03666896
Teacher Training International Limited
Notes to the Accounts
for the year ended 31 December 2023
Teacher Training International Limited is a private company, limited by shares, registered in England and Wales, registration number 03666896. The registered office is 148 Camden High Street, Camden Town, London, NW1 0NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The straight-line method of amortization is adopted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
The accounts have been prepared on going concern basis. The Directors have confirmed that the company is a going concern. There are no material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue to adopt the going concern basis of accounting.
Teacher Training International Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
20,000
At 31 December 2023
20,000
At 31 December 2022
20,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
17,603
8,280
4,063
29,946
Additions
-
4,458
1,469
5,927
At 31 December 2023
17,603
12,738
5,532
35,873
At 1 January 2023
12,698
5,857
2,866
21,421
Charge for the year
1,227
1,720
667
3,614
At 31 December 2023
13,925
7,577
3,533
25,035
At 31 December 2023
3,678
5,161
1,999
10,838
At 31 December 2022
4,905
2,423
1,197
8,525
Amounts falling due within one year
Accrued income and prepayments
130,668
46,303
Other debtors
312,865
175,626
Amounts falling due after more than one year
Other debtors
20,000
20,000
Teacher Training International Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
45,046
39,494
Trade creditors
23,298
21,463
Taxes and social security
33,604
44,992
Other creditors
(2,794)
(2,383)
Loans from directors
(6,663)
-
Deferred income
5,435
73,982
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
137,803
183,561
Other creditors
403,440
125,536
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Transactions with related parties
The related party transactions are:
1 - Loan to parent (Topup learning limited): £318,865.24
2 - Tuition services from Topup Learning Limited: £54,615.73
3 - Salary - Mr Sam Malafeh: £26,000
4 - Sale and marketing Commission Charges - Mr Mohammad Sharifi: £36,000
5 - Director loan to the company - Mr Sam Malafeh: £6,663.18
Topup Learning Limited
148 Camden High Street
London, NW1 0NE
United Kingdom
12
Average number of employees
During the year the average number of employees was 11 (2022: 21).