IRIS Accounts Production v24.2.0.383 06521535 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065215352023-05-31065215352024-05-31065215352023-06-012024-05-31065215352022-05-31065215352022-06-012023-05-31065215352023-05-3106521535ns15:EnglandWales2023-06-012024-05-3106521535ns14:PoundSterling2023-06-012024-05-3106521535ns10:Director12023-06-012024-05-3106521535ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106521535ns10:SmallEntities2023-06-012024-05-3106521535ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3106521535ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106521535ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106521535ns10:AbridgedAccounts2023-06-012024-05-3106521535ns10:OrdinaryShareClass12023-06-012024-05-3106521535ns10:RegisteredOffice2023-06-012024-05-3106521535ns5:CurrentFinancialInstruments2024-05-3106521535ns5:CurrentFinancialInstruments2023-05-3106521535ns5:ShareCapital2024-05-3106521535ns5:ShareCapital2023-05-3106521535ns5:RetainedEarningsAccumulatedLosses2024-05-3106521535ns5:RetainedEarningsAccumulatedLosses2023-05-3106521535ns5:PlantMachinery2023-06-012024-05-3106521535ns5:MotorVehicles2023-06-012024-05-3106521535ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 06521535 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ITSA EDUCATION LIMITED

ITSA EDUCATION LIMITED (REGISTERED NUMBER: 06521535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

ITSA EDUCATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M R Ratcliffe MBE



REGISTERED OFFICE: Wolseley House
Oriel Road
Cheltenham
Gloucestershire
GL50 1TH



REGISTERED NUMBER: 06521535 (England and Wales)



ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX



BANKERS: Lloyds Bank plc
130 High Street
Cheltenham
Gloucestershire
GL50 1EW

ITSA EDUCATION LIMITED (REGISTERED NUMBER: 06521535)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,750 9,450

CURRENT ASSETS
Stocks 71,410 85,620
Debtors 168,525 80,475
Cash at bank 7 41,903
239,942 207,998
CREDITORS
Amounts falling due within one year (246,692 ) (217,448 )
NET CURRENT LIABILITIES (6,750 ) (9,450 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings (1 ) (1 )
SHAREHOLDERS' FUNDS - -

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

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

The director acknowledges his 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.

ITSA EDUCATION LIMITED (REGISTERED NUMBER: 06521535)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 31 October 2024 and were signed by:





M R Ratcliffe MBE - Director


ITSA EDUCATION LIMITED (REGISTERED NUMBER: 06521535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

ITSA Education Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
There were net current liabilities at the balance sheet date and the director is aware of the uncertainties in the worldwide economy. Despite those uncertainties, the director expects sufficient funds to be generated from the company's trading activities to enable it to finance its working capital requirements for at least twelve months from the date of approval of these financial statements and to start to repay its funding received from the parent company. Consequently the director considers it appropriate to prepare the financial statements on the basis that the company is a going concern.

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

Revenue is recognised on the earlier of invoicing or receipt of payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Individual fixed assets costing £1,000 or more are capitalised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Where stock was donated to the company it is included at standard cost of assembling the finished product.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ITSA EDUCATION LIMITED (REGISTERED NUMBER: 06521535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 26,600
DEPRECIATION
At 1 June 2023 17,150
Charge for year 2,700
At 31 May 2024 19,850
NET BOOK VALUE
At 31 May 2024 6,750
At 31 May 2023 9,450

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ITSA EDUCATION LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 ITSA Education Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of ITSA Education Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ITSA Education Limited and state those matters that we have agreed to state to the director of ITSA Education Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that ITSA Education Limited 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 ITSA Education Limited. You consider that ITSA Education Limited 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 ITSA Education Limited. 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.






BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


31 October 2024