Expat Academy Limited Filleted Accounts Cover |
Company No. 07646553 | |||||||||
Expat Academy Limited Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 March 2024. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
E. Holder | |||||||||
J. Holder | |||||||||
Signed on behalf of the board | |||||||||
J. Holder | |||||||||
Director | |||||||||
21 October 2024 |
Expat Academy Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Current assets | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 8 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 21 October 2024 and signed on its behalf by: | ||||||||||
J. Holder | ||||||||||
Director | ||||||||||
21 October 2024 |
Expat Academy Limited Notes to the Accounts Registrar |
for the year ended 31 March 2024 | ||||||||||||||
1 | General information | |||||||||||||
Expat Academy Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 07646553 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Motor vehicles | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Foreign currencies | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Develop-ment costs | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 April 2023 | ||||||||||||||
At 31 March 2024 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 March 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2024 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Additions | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 March 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 March 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2024 | ||||||||||||||
At 31 March 2023 | 1,952 | - | ||||||||||||
6 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Amounts owed by group undertakings | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ( | |||||||||||||
Accruals and deferred income | ||||||||||||||
8 | Reserves | |||||||||||||
9 | Contingent Assets/Liabilities | |||||||||||||
10 | Related party disclosures | |||||||||||||
Transactions with related parties | 2024 | 2023 | ||||||||||||
Name of related party | Global Mobility Professional Development | |||||||||||||
Description of the relationship between the parties | A company with the same holding company | |||||||||||||
Description of the transactions and general amounts involved | At the year end, an intercompany loan existed between the company and Global Mobility Professional Development Limited: | |||||||||||||
Amount due from/(to) the related party | - | 1,936 | ||||||||||||
Name of related party | Expat Academy Holdings Ltd | |||||||||||||
Description of the relationship between the parties | A company with the same holding company | |||||||||||||
Description of the transactions and general amounts involved | At the year end, an intercompany loan existed between the company and Expat Academy Holdings Ltd: | |||||||||||||
Amount due from/(to) the related party | - | 1,524,000 | ||||||||||||
11 | Related Party Transactions | |||||||||||||
Transactions with related parties | ||||||||||||||
2024 | 2023 | |||||||||||||
Name of related party | Global Mobility Professional Development Limited | |||||||||||||
Description of the relationship between the parties | A company with the same holding company | |||||||||||||
Description of the transactions and general amounts involved | In the period an intercompany loan between Expat Academy Limited and Global Mobility Professional Development Limited has been waived: | |||||||||||||
Amount waived from/(to) the related party | (116,775) | - | ||||||||||||
Name of related party | Expat Academy Holdings Ltd | |||||||||||||
Description of the relationship between the parties | A company with the same holding company | |||||||||||||
Description of the transactions and general amounts involved | In the period an intercompany loan between Expat Academy Limited and Expat Academy Holdings Ltd has been waived: | |||||||||||||
Amount waived from/(to) the related party | 2,240,080 | - | ||||||||||||
Parent Company | ||||||||||||||
The name of the parent company is: | ||||||||||||||
Expat Academy EOT Ltd | ||||||||||||||
The parent's registered office address is: | ||||||||||||||
120 Barnett Wood Lane | ||||||||||||||
Ashstead | ||||||||||||||
Surrey | ||||||||||||||
KT21 2LS | ||||||||||||||