Company Registration No. 12077017 (England and Wales)
STEP UP COMMUNITY EDUCATIONAL TRUST LTD
Unaudited accounts
for the year ended 31 July 2023
STEP UP COMMUNITY EDUCATIONAL TRUST LTD
Unaudited accounts
Contents
STEP UP COMMUNITY EDUCATIONAL TRUST LTD
Company Information
for the year ended 31 July 2023
Director
Mrs Balquis Mughal
Company Number
12077017 (England and Wales)
Registered Office
ILFORD COMMUNITY CENTRE
ETON ROAD
ILFORD
IG1 2UE
ENGLAND
STEP UP COMMUNITY EDUCATIONAL TRUST LTD
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
877
192
Creditors: amounts falling due within one year
(3,652)
(2,682)
Net current liabilities
(2,775)
(2,490)
Total assets less current liabilities
(2,025)
(1,015)
Creditors: amounts falling due after more than one year
(3,840)
(4,084)
Net liabilities
(5,865)
(5,099)
Profit and loss account
(5,865)
(5,099)
Members' funds
(5,865)
(5,099)
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 12 October 2024 and were signed on its behalf by
Mrs Balquis Mughal
Director
Company Registration No. 12077017
STEP UP COMMUNITY EDUCATIONAL TRUST LTD
Notes to the Accounts
for the year ended 31 July 2023
STEP UP COMMUNITY EDUCATIONAL TRUST LTD is a private company, limited by guarantee, registered in England and Wales, registration number 12077017. The registered office is ILFORD COMMUNITY CENTRE, ETON ROAD, ILFORD, IG1 2UE, 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.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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.
Cash at bank and in had are basis financial assets and includes cash in hands. Deposit held at call with bank and other short term liquid investments with short term liquid investments with original maturities of three months or less.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the 25% rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
1,500
1,400
2,900
At 31 July 2023
1,500
1,400
2,900
At 1 August 2022
375
1,050
1,425
Charge for the year
375
350
725
At 31 July 2023
750
1,400
2,150
At 31 July 2022
1,125
350
1,475
STEP UP COMMUNITY EDUCATIONAL TRUST LTD
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
317
317
Loans from directors
3,035
2,115
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
6
Creditors: amounts falling due after more than one year
2023
2022
7
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).