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REGISTERED NUMBER: 08244119 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Tablet Academy Ltd

The Tablet Academy Ltd (Registered number: 08244119)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Tablet Academy Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Yorke
Mrs K M Yorke





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 08244119 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

The Tablet Academy Ltd (Registered number: 08244119)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,656 11,824

CURRENT ASSETS
Debtors 5 160,264 183,736
Cash at bank and in hand 100,129 155,721
260,393 339,457
CREDITORS
Amounts falling due within one year 6 123,143 166,252
NET CURRENT ASSETS 137,250 173,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,906

185,029

CREDITORS
Amounts falling due after more than one
year

7

(10,628

)

(18,667

)

PROVISIONS FOR LIABILITIES (3,544 ) -
NET ASSETS 141,734 166,362

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 141,634 166,262
SHAREHOLDERS' FUNDS 141,734 166,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Tablet Academy Ltd (Registered number: 08244119)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





M Yorke - Director


The Tablet Academy Ltd (Registered number: 08244119)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Tablet Academy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on reducing balance
Computer equipment - 50% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

The Tablet Academy Ltd (Registered number: 08244119)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 8,154 18,758 26,912
Additions 12,811 7,672 20,483
Disposals (90 ) (6,355 ) (6,445 )
At 31 March 2024 20,875 20,075 40,950
DEPRECIATION
At 1 April 2023 3,521 11,567 15,088
Charge for year 6,685 4,572 11,257
Eliminated on disposal (67 ) (3,984 ) (4,051 )
At 31 March 2024 10,139 12,155 22,294
NET BOOK VALUE
At 31 March 2024 10,736 7,920 18,656
At 31 March 2023 4,633 7,191 11,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 151,949 181,447
Other debtors 5,421 -
Prepayments 2,894 2,289
160,264 183,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 8,000 8,000
Trade creditors 19,581 17,038
Amounts owed to associates - 7,354
Tax 754 5,590
VAT 66,120 88,937
Other creditors 23,081 36,471
Accrued expenses 5,607 2,862
123,143 166,252

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 10,628 18,667

The Tablet Academy Ltd (Registered number: 08244119)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,000 8,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,000 8,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,628 10,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the directors .

During the year, the Company paid consultancy fees to a director, Mr S Molyneux, amounting to £17,185 (2023: £37,500).

During the year, the Company undertook work on behalf of Tablet Academy International amounting to £120,377 (2023: £108,379) and paid commission of £17,939 (2023: £19,196) to the same Company. Tablet Academy International is a Company under control of the directors of The Tablet Academy Limited.

During the year, the Company undertook work on behalf of 12:42 Studios Limited amounting to £130,405 (2023: £116,026) and was supplied services amounting to £58,000 (2023: £62,750) by the same Company. 12:42 Studios Limited is under the control of the directors of The Tablet Academy Limited.