Scimath Education Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
7,761
9,463
Creditors: amounts falling due within one year
(7,478)
(7,896)
Net current liabilities
(7,478)
(7,896)
Called up share capital
1,000
1,000
Profit and loss account
(717)
567
Shareholders' funds
283
1,567
For the year ending 29 February 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 his 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 8 November 2024 and were signed on its behalf by
Herman Gatehi
Director
Company Registration No. 12479541
Scimath Education Ltd
Notes to the Accounts
for the year ended 29 February 2024
Scimath Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 12479541. The registered office is 24 Gorseway, Hatfield, Hertfordshire, AL10 9GS.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
25 % Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
9,000
300
2,500
11,800
At 29 February 2024
9,000
300
2,500
11,800
At 1 March 2023
1,620
134
583
2,337
Charge for the year
1,328
29
345
1,702
At 29 February 2024
2,948
163
928
4,039
At 29 February 2024
6,052
137
1,572
7,761
At 28 February 2023
7,380
166
1,917
9,463
Scimath Education Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
37
48
Taxes and social security
-
614
Loans from directors
6,841
7,234
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).