IRIS Accounts Production v24.3.0.553 09399813 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093998132023-03-31093998132024-03-31093998132023-04-012024-03-31093998132022-03-31093998132022-04-012023-03-31093998132023-03-3109399813ns15:EnglandWales2023-04-012024-03-3109399813ns14:PoundSterling2023-04-012024-03-3109399813ns10:Director12023-04-012024-03-3109399813ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109399813ns10:SmallEntities2023-04-012024-03-3109399813ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109399813ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109399813ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109399813ns10:FullAccounts2023-04-012024-03-310939981312023-04-012024-03-3109399813ns10:Director22023-04-012024-03-3109399813ns10:RegisteredOffice2023-04-012024-03-3109399813ns5:CurrentFinancialInstruments2024-03-3109399813ns5:CurrentFinancialInstruments2023-03-3109399813ns5:Non-currentFinancialInstruments2024-03-3109399813ns5:Non-currentFinancialInstruments2023-03-3109399813ns5:ShareCapital2024-03-3109399813ns5:ShareCapital2023-03-3109399813ns5:SharePremium2024-03-3109399813ns5:SharePremium2023-03-3109399813ns5:RetainedEarningsAccumulatedLosses2024-03-3109399813ns5:RetainedEarningsAccumulatedLosses2023-03-3109399813ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109399813ns5:ComputerSoftware2023-04-012024-03-3109399813ns5:PlantMachinery2023-04-012024-03-3109399813ns5:IntangibleAssetsOtherThanGoodwill2023-03-3109399813ns5:IntangibleAssetsOtherThanGoodwill2024-03-3109399813ns5:IntangibleAssetsOtherThanGoodwill2023-03-3109399813ns5:MotorVehicles2023-03-3109399813ns5:ComputerEquipment2023-03-3109399813ns5:MotorVehicles2023-04-012024-03-3109399813ns5:ComputerEquipment2023-04-012024-03-3109399813ns5:MotorVehicles2024-03-3109399813ns5:ComputerEquipment2024-03-3109399813ns5:MotorVehicles2023-03-3109399813ns5:ComputerEquipment2023-03-3109399813ns5:CostValuation2023-03-3109399813ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109399813ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 09399813 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SCHOOL LETTINGS LIMITED

SCHOOL LETTINGS LIMITED (REGISTERED NUMBER: 09399813)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCHOOL LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C Gothold
D Nevies





REGISTERED OFFICE: Suite 2, Arkleigh Mansions
194-200 Brent Street
London
NW4 1BJ





REGISTERED NUMBER: 09399813 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

SCHOOL LETTINGS LIMITED (REGISTERED NUMBER: 09399813)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 520,164 404,691
Tangible assets 5 40,176 12,812
Investments 6 76 76
560,416 417,579

CURRENT ASSETS
Debtors 7 1,077,185 918,736
Cash at bank 3,266,262 2,749,203
4,343,447 3,667,939
CREDITORS
Amounts falling due within one year 8 3,329,652 3,021,669
NET CURRENT ASSETS 1,013,795 646,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,574,211

1,063,849

CREDITORS
Amounts falling due after more than one year 9 - 58,500
NET ASSETS 1,574,211 1,005,349

CAPITAL AND RESERVES
Called up share capital 23 23
Share premium 173,830 173,830
Profit and loss account 1,400,358 831,496
SHAREHOLDERS' FUNDS 1,574,211 1,005,349

SCHOOL LETTINGS LIMITED (REGISTERED NUMBER: 09399813)

BALANCE SHEET - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





D Nevies - Director


SCHOOL LETTINGS LIMITED (REGISTERED NUMBER: 09399813)

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


1. STATUTORY INFORMATION

School Lettings 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Amortisation is provided at the following annual rate in order to write each asset over its estimated useful life:

Computer software - 15% reducing balance method

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 etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

SCHOOL LETTINGS LIMITED (REGISTERED NUMBER: 09399813)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 625,115
Additions 176,177
At 31 March 2024 801,292
AMORTISATION
At 1 April 2023 220,424
Charge for year 60,704
At 31 March 2024 281,128
NET BOOK VALUE
At 31 March 2024 520,164
At 31 March 2023 404,691

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 19,101 19,101
Additions 33,165 5,465 38,630
At 31 March 2024 33,165 24,566 57,731
DEPRECIATION
At 1 April 2023 - 6,289 6,289
Charge for year 6,633 4,633 11,266
At 31 March 2024 6,633 10,922 17,555
NET BOOK VALUE
At 31 March 2024 26,532 13,644 40,176
At 31 March 2023 - 12,812 12,812

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 76
NET BOOK VALUE
At 31 March 2024 76
At 31 March 2023 76

SCHOOL LETTINGS LIMITED (REGISTERED NUMBER: 09399813)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 229,536 171,083
Other debtors 847,649 747,653
1,077,185 918,736

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 27,000
Trade creditors 71,728 58,366
Taxation and social security 312,587 235,770
Other creditors 2,945,337 2,700,533
3,329,652 3,021,669

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 58,500