IRIS Accounts Production v24.1.9.2 12427655 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124276552023-01-31124276552024-01-31124276552023-02-012024-01-31124276552022-01-31124276552022-02-012023-01-31124276552023-01-3112427655ns15:EnglandWales2023-02-012024-01-3112427655ns14:PoundSterling2023-02-012024-01-3112427655ns10:Director12023-02-012024-01-3112427655ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112427655ns10:SmallEntities2023-02-012024-01-3112427655ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3112427655ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112427655ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112427655ns10:FullAccounts2023-02-012024-01-3112427655ns10:OrdinaryShareClass12023-02-012024-01-3112427655ns10:Director22023-02-012024-01-3112427655ns10:RegisteredOffice2023-02-012024-01-3112427655ns5:CurrentFinancialInstruments2024-01-3112427655ns5:CurrentFinancialInstruments2023-01-3112427655ns5:Non-currentFinancialInstruments2024-01-3112427655ns5:Non-currentFinancialInstruments2023-01-3112427655ns5:ShareCapital2024-01-3112427655ns5:ShareCapital2023-01-3112427655ns5:PropertiesRevaluationReserve2024-01-3112427655ns5:PropertiesRevaluationReserve2023-01-3112427655ns5:FurnitureFittings2023-02-012024-01-3112427655ns5:LandBuildings2023-01-3112427655ns5:PlantMachinery2023-01-3112427655ns5:LandBuildings2023-02-012024-01-3112427655ns5:PlantMachinery2023-02-012024-01-3112427655ns5:LandBuildings2024-01-3112427655ns5:PlantMachinery2024-01-3112427655ns5:LandBuildings2023-01-3112427655ns5:PlantMachinery2023-01-3112427655ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3112427655ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3112427655ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3112427655ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3112427655ns10:OrdinaryShareClass12024-01-3112427655ns5:RetainedEarningsAccumulatedLosses2023-01-3112427655ns5:PropertiesRevaluationReserve2023-01-3112427655ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3112427655ns5:RetainedEarningsAccumulatedLosses2024-01-31
REGISTERED NUMBER: 12427655 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

EDULETS LTD

EDULETS LTD (REGISTERED NUMBER: 12427655)

Contents of the Financial Statements
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

EDULETS LTD

Company Information
for the Year Ended 31st January 2024







DIRECTORS: A Stone Fewings
Mrs V Stone Fewings





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 12427655 (England and Wales)

EDULETS LTD (REGISTERED NUMBER: 12427655)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 757,115 251,908

CURRENT ASSETS
Debtors 5 10,860 4,332
Cash at bank 79,680 146,734
90,540 151,066
CREDITORS
Amounts falling due within one year 6 317,351 239,606
NET CURRENT LIABILITIES (226,811 ) (88,540 )
TOTAL ASSETS LESS CURRENT LIABILITIES 530,304 163,368

CREDITORS
Amounts falling due after more than one
year

7

(524,361

)

(161,186

)

PROVISIONS FOR LIABILITIES (793 ) -
NET ASSETS 5,150 2,182

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 11,527 -
Retained earnings 9 (6,477 ) 2,082
SHAREHOLDERS' FUNDS 5,150 2,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EDULETS LTD (REGISTERED NUMBER: 12427655)

Balance Sheet - continued
31st January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2024 and were signed on its behalf by:





A Stone Fewings - Director


EDULETS LTD (REGISTERED NUMBER: 12427655)

Notes to the Financial Statements
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

Edulets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

EDULETS LTD (REGISTERED NUMBER: 12427655)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st February 2023 250,000 2,386 252,386
Additions 505,446 - 505,446
At 31st January 2024 755,446 2,386 757,832
DEPRECIATION
At 1st February 2023 - 478 478
Charge for year - 239 239
At 31st January 2024 - 717 717
NET BOOK VALUE
At 31st January 2024 755,446 1,669 757,115
At 31st January 2023 250,000 1,908 251,908

Cost or valuation at 31st January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 14,231 - 14,231
Cost 741,215 2,386 743,601
755,446 2,386 757,832

If had not been revalued would have been included at the following historical cost:

2024 2023
£    £   
Cost 235,769 235,769

Value of land in freehold land and buildings 235,769 235,769

EDULETS LTD (REGISTERED NUMBER: 12427655)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,400 1,010
Deferred tax asset - 3,322
Prepayments 8,460 -
10,860 4,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 315,119 237,501
Accrued expenses 2,232 2,105
317,351 239,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 524,361 161,186

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st February 2023 2,082 - 2,082
Profit for the year 2,968 2,968
Revaluation in the year (11,527 ) 11,527 -
At 31st January 2024 (6,477 ) 11,527 5,050

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Edulets Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edulets Ltd for the year ended 31st January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Edulets Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edulets Ltd and state those matters that we have agreed to state to the Board of Directors of Edulets Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edulets Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edulets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edulets Ltd. You consider that Edulets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edulets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST


16th July 2024