Grand Education Ltd 07903668 true 2023-01-13 2024-01-12 2024-01-12 The principal activity of the company is that of subsitute teaching and permanent cosmetic application. Digita Accounts Production Advanced 6.30.9574.0 true Mrs DC Catling Mr J Catling true 07903668 2023-01-13 2024-01-12 07903668 2024-01-12 07903668 bus:OrdinaryShareClass1 2024-01-12 07903668 core:RetainedEarningsAccumulatedLosses 2024-01-12 07903668 core:ShareCapital 2024-01-12 07903668 core:CurrentFinancialInstruments 2024-01-12 07903668 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-12 07903668 core:Goodwill 2024-01-12 07903668 bus:FRS102 2023-01-13 2024-01-12 07903668 bus:AuditExempt-NoAccountantsReport 2023-01-13 2024-01-12 07903668 bus:FullAccounts 2023-01-13 2024-01-12 07903668 bus:RegisteredOffice 2023-01-13 2024-01-12 07903668 bus:Director1 2023-01-13 2024-01-12 07903668 bus:Director2 2023-01-13 2024-01-12 07903668 bus:OrdinaryShareClass1 2023-01-13 2024-01-12 07903668 bus:EntityNoLongerTradingButTradedInPast 2023-01-13 2024-01-12 07903668 bus:PrivateLimitedCompanyLtd 2023-01-13 2024-01-12 07903668 core:Goodwill 2023-01-13 2024-01-12 07903668 countries:England 2023-01-13 2024-01-12 07903668 2023-01-12 07903668 core:Goodwill 2023-01-12 07903668 2023-01-12 07903668 bus:OrdinaryShareClass1 2023-01-12 07903668 core:RetainedEarningsAccumulatedLosses 2023-01-12 07903668 core:ShareCapital 2023-01-12 07903668 core:CurrentFinancialInstruments 2023-01-12 07903668 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-12 07903668 core:Goodwill 2023-01-12 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07903668

Grand Education Ltd

trading as Grand Education Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 12 January 2024

 

Grand Education Ltd

trading as Grand Education Limited

Profit and Loss Account for the Year Ended 12 January 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Grand Education Ltd

trading as Grand Education Limited

(Registration number: 07903668)
Balance Sheet as at 12 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

1,560

1,560

Current assets

 

Debtors

4

3,464

3,464

Cash at bank and in hand

 

58

58

 

3,522

3,522

Creditors: Amounts falling due within one year

6

(4,975)

(4,975)

Net current liabilities

 

(1,453)

(1,453)

Net assets

 

107

107

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

105

105

Shareholders' funds

 

107

107

For the financial year ending 12 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mrs DC Catling
Director

 

Grand Education Ltd

trading as Grand Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Poplar View
woodside Lane
Wroot
Doncaster
DN9 2BP

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

 

Grand Education Ltd

trading as Grand Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Grand Education Ltd

trading as Grand Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 January 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 13 January 2023

3,000

3,000

At 12 January 2024

3,000

3,000

Amortisation

At 13 January 2023

1,440

1,440

At 12 January 2024

1,440

1,440

Carrying amount

At 12 January 2024

1,560

1,560

At 12 January 2023

1,560

1,560

4

Debtors

Current

2024
£

2023
£

Other debtors

3,464

3,464

 

3,464

3,464

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

58

58

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Accruals

 

1,380

1,380

Income tax liability

3,595

3,595

 

4,975

4,975

 

Grand Education Ltd

trading as Grand Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 January 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2