Company Registration No. 04224512 (England and Wales)
EDUC@TE LIMITED
Unaudited accounts
for the year ended 31 December 2023
EDUC@TE LIMITED
Company Information
for the year ended 31 December 2023
Directors
Mr Guy GRIFFITHS
Ms Alice Margery Jennifer MILES
Mr Howard Peter SNELL
Company Number
04224512 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
EDUC@TE LIMITED
Accountants' report
Accountants' report to the board of directors of EDUC@TE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
EDUC@TE LIMITED for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of EDUC@TE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of EDUC@TE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EDUC@TE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that EDUC@TE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of EDUC@TE LIMITED. You consider that EDUC@TE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of EDUC@TE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
12 June 2024
EDUC@TE LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
2,304
5,746
Cash at bank and in hand
15,400
61,705
Creditors: amounts falling due within one year
(111,694)
(411,093)
Net current liabilities
(34,009)
(288,439)
Total assets less current liabilities
(31,705)
(282,693)
Creditors: amounts falling due after more than one year
(198,897)
(25,000)
Net liabilities
(230,602)
(307,693)
Called up share capital
958
958
Share premium
108,967
108,967
Profit and loss account
(340,527)
(417,618)
Shareholders' funds
(230,602)
(307,693)
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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr Guy GRIFFITHS
Director
Company Registration No. 04224512
EDUC@TE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
EDUC@TE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04224512. The registered office is 86-90 Paul Street, London, EC2A 4NE, England.
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.
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.
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.
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:
Fixtures & fittings
25% SL
Computer equipment
33.33% Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
EDUC@TE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
3,254
19,274
22,528
Disposals
-
(3,033)
(3,033)
At 31 December 2023
3,254
17,333
20,587
At 1 January 2023
2,746
14,036
16,782
Charge for the year
508
2,668
3,176
On disposals
-
(1,675)
(1,675)
At 31 December 2023
3,254
15,029
18,283
At 31 December 2023
-
2,304
2,304
At 31 December 2022
508
5,238
5,746
Amounts falling due within one year
Trade debtors
61,779
54,139
Accrued income and prepayments
326
6,630
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,997
10,000
Trade creditors
24,145
61,270
Taxes and social security
13,958
7,451
Other creditors
4,999
181,937
Loans from directors
-
104,889
Short term trade 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.
EDUC@TE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
36,390
-
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).