Academic Education Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
10,717
8,584
Cash at bank and in hand
89,670
12,981
Creditors: amounts falling due within one year
(110,208)
(43,507)
Net current liabilities
(6,378)
(19,527)
Total assets less current liabilities
4,339
(10,943)
Creditors: amounts falling due after more than one year
(6,483)
(15,036)
Net liabilities
(2,144)
(25,979)
Called up share capital
10
10
Profit and loss account
(2,154)
(25,989)
Shareholders' funds
(2,144)
(25,979)
For the period ending 30 April 2024 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 11 October 2024 and were signed on its behalf by
Benzir ISHRAT
Director
Company Registration No. 11269516
Academic Education Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 April 2024
Academic Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 11269516. The registered office is UNIT 21, 2ND FLOOR SKYLINE VILLAGE CANAR, LONDON, E14 9TS, 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.
These financial statements for the period from 1 April 2023 to 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance 20%
Fixtures & fittings
Reducing Balance 20%
Computer equipment
Reducing Balance 20%
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
6,782
4,244
11,026
Additions
2,613
2,306
4,919
At 30 April 2024
9,395
6,550
15,945
At 1 April 2023
1,018
1,424
2,442
Charge for the period
1,476
1,310
2,786
At 30 April 2024
2,494
2,734
5,228
At 30 April 2024
6,901
3,816
10,717
At 31 March 2023
5,764
2,820
8,584
Academic Education Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
734
1,691
Other creditors
16,937
4,470
Loans from directors
33,755
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the period the average number of employees was 13 (2023: 9).