Registered number
04847063
Education aBc Ltd
Unaudited Filleted Accounts
31 August 2024
Education aBc Ltd
Registered number: 04847063
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 458,828 458,953
Current assets
Cash at bank and in hand 3,310 29,392
Creditors: amounts falling due within one year 4 (79,016) (79,871)
Net current liabilities (75,706) (50,479)
Net assets 383,122 408,474
Capital and reserves
Called up share capital 2 2
Profit and loss account 383,120 408,472
Shareholders' funds 383,122 408,474
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A T Brown
Director
Approved by the board on 5 November 2024
Education aBc Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life on a reducing balance basis, as follows:
Plant and machinery 25%
Fixtures, fittings, tools and equipment 25%
All of the company's buildings are maintained to a high standard, and as a result no depreciation
has been provided in respect of these.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 458,453 6,717 465,170
At 31 August 2024 458,453 6,717 465,170
Depreciation
At 1 September 2023 - 6,217 6,217
Charge for the year - 125 125
At 31 August 2024 - 6,342 6,342
Net book value
At 31 August 2024 458,453 375 458,828
At 31 August 2023 458,453 500 458,953
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 855 855
Directors' loan account 75,029 75,029
Corporation tax 3,132 3,987
79,016 79,871
5 Other information
Education aBc Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Briar Close
Banbury
Oxon.
OX16 9DS
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