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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
Page
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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
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STEP UP COMMUNITY EDUCATIONAL TRUST LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
750 
1,475 
Current assets
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)
Reserves
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
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STEP UP COMMUNITY EDUCATIONAL TRUST LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Going concern
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Cash at Bank and in Hand
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 
Depreciation
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 
Net book value
At 31 July 2023
750 
- 
750 
At 31 July 2022
1,125 
350 
1,475 
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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 
Other creditors
300 
250 
Loans from directors
3,035 
2,115 
3,652 
2,682 
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 
£ 
£ 
Bank loans
3,840 
4,084 
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).
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