2023-01-012023-12-312023-12-31false10529328TEACHMESERIES 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TEACHMESERIES LIMITED

Registered Number
10529328
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TEACHMESERIES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

JONES, Oliver William

Registered Address

105 Milton Road
Cambridge
CB4 1XE

Registered Number

10529328 (England and Wales)
TEACHMESERIES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3-2,400
Tangible assets43,408580
3,4082,980
Current assets
Debtors5106,47647,411
Cash at bank and on hand178,09999,010
284,575146,421
Creditors amounts falling due within one year6(70,085)(45,054)
Net current assets (liabilities)214,490101,367
Total assets less current liabilities217,898104,347
Net assets217,898104,347
Capital and reserves
Called up share capital200200
Profit and loss account217,698104,147
Shareholders' funds217,898104,347
The financial statements were approved and authorised for issue by the Director on 25 September 2024, and are signed on its behalf by:
JONES, Oliver William
Director
Registered Company No. 10529328
TEACHMESERIES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 rendering of services.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Goodwill from business acquisition is being amortised over its expected life, 5 years
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery33
Office Equipment33
2.Average number of employees

20232022
Average number of employees during the year11
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 2312,00012,000
At 31 December 2312,00012,000
Amortisation and impairment
At 01 January 239,6009,600
Charge for year2,4002,400
At 31 December 2312,00012,000
Net book value
At 31 December 23--
At 31 December 222,4002,400
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 23-4,4344,434
Additions5503,3813,931
At 31 December 235507,8158,365
Depreciation and impairment
At 01 January 23-3,8543,854
Charge for year921,0111,103
At 31 December 23924,8654,957
Net book value
At 31 December 234582,9503,408
At 31 December 22-580580
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables24,89410,112
Other debtors42,14337,136
Prepayments and accrued income39,439163
Total106,47647,411
Other Debtors include £42,137 Director Loans, (repaid after the year-end), (2022: £37,135)
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables5250
Taxation and social security69,69444,779
Accrued liabilities and deferred income339225
Total70,08545,054
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.
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
JONES, Oliver William37,13642,13837,13642,138
Director Loan repaid after the year-end
37,13642,13837,13642,138