Registered number
03915611
Nacel English School London Ltd
Filleted Accounts
31 December 2023
Nacel English School London Ltd
Registered number: 03915611
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 127,358 144,667
Current assets
Debtors 4 16,442 7,437
Cash at bank and in hand 404,369 514,325
420,811 521,762
Creditors: amounts falling due within one year 5 (377,409) (673,646)
Net current assets/(liabilities) 43,402 (151,884)
Total assets less current liabilities 170,760 (7,217)
Creditors: amounts falling due after more than one year 6 (361,968) (361,968)
Net liabilities (191,208) (369,185)
Capital and reserves
Called up share capital 2 2
Profit and loss account (191,210) (369,187)
Shareholders' funds (191,208) (369,185)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Laurent Lucien Jean Huc
Director
Approved by the board on 16 September 2024
Nacel English School London Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements 20% wdv
Fixtures, fittings, tools and equipment 25% wdv
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 112,180 271,006 383,186
Additions 16,791 4,856 21,647
At 31 December 2023 128,971 275,862 404,833
Depreciation
At 1 January 2023 76,512 162,007 238,519
Charge for the year 10,492 28,464 38,956
At 31 December 2023 87,004 190,471 277,475
Net book value
At 31 December 2023 41,967 85,391 127,358
At 31 December 2022 35,668 108,999 144,667
4 Debtors 2023 2022
£ £
Trade debtors 6,650 -
Other debtors 9,792 7,437
16,442 7,437
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accrued expenses 85,380 89,515
Amounts owed to group undertakings and undertakings in which the company has a participating interest 520 180,420
Taxation and social security costs 6,192 650
Other creditors 97,779
Deferred income 129,664
Advance received 285,317 175,618
377,409 673,646
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 361,968 361,968
7 Related party transactions
The long term creditor includes amounts due to the parent company , Media Travel SA,
totalling £361,968 (2022 £361,968).
At year end £520 (2022 £180,420) was due to Alpha Premier Holding Ltd , which has common company directors.
8 Controlling party
The ultimate control of the company is held by Mrs Marie José HUC and Mr François Jean HUC, neither occupying a function of director in the company.
9 Other information
Nacel English School London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
53 Ballards Lane
Finchley Central
London
N3 1XP
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