Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11228080 Miss Linen Jian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11228080 2023-02-28 11228080 2024-02-29 11228080 2023-03-01 2024-02-29 11228080 frs-core:CurrentFinancialInstruments 2024-02-29 11228080 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 11228080 frs-core:FurnitureFittings 2024-02-29 11228080 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11228080 frs-core:FurnitureFittings 2023-02-28 11228080 frs-core:OtherResidualIntangibleAssets 2024-02-29 11228080 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 11228080 frs-core:OtherResidualIntangibleAssets 2023-02-28 11228080 frs-core:ShareCapital 2024-02-29 11228080 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11228080 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11228080 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11228080 frs-bus:SmallEntities 2023-03-01 2024-02-29 11228080 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11228080 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11228080 frs-bus:Director1 2023-03-01 2024-02-29 11228080 frs-countries:EnglandWales 2023-03-01 2024-02-29 11228080 2022-02-28 11228080 2023-02-28 11228080 2022-03-01 2023-02-28 11228080 frs-core:CurrentFinancialInstruments 2023-02-28 11228080 frs-core:ShareCapital 2023-02-28 11228080 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11228080
UK Offer International Education Limited
Financial Statements
For The Year Ended 29 February 2024
Prudence Accountancy
Office 704, JQ Modern
120 Vyse Street
Birmingham
B18 6NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11228080
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,847 62,030
Tangible Assets 5 3,364 3,958
50,211 65,988
CURRENT ASSETS
Debtors 6 2,071 293
Cash at bank and in hand 47,236 270,555
49,307 270,848
Creditors: Amounts Falling Due Within One Year 7 (82,066 ) (287,512 )
NET CURRENT ASSETS (LIABILITIES) (32,759 ) (16,664 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,452 49,324
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,538 ) (12,538 )
NET ASSETS 4,914 36,786
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 4,814 36,686
SHAREHOLDERS' FUNDS 4,914 36,786
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Linen Jian
Director
22/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
UK Offer International Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11228080 . The registered office is Office 704, JQ Modern, 120 Vyse Street, Birmingham, B18 6NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of 6.67 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance basis
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
2.6. Pensions
The company operates a defined pension contribution scheme-NEST. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 101,268
As at 29 February 2024 101,268
Amortisation
As at 1 March 2023 39,238
Provided during the period 15,183
As at 29 February 2024 54,421
Net Book Value
As at 29 February 2024 46,847
As at 1 March 2023 62,030
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 5,462
As at 29 February 2024 5,462
Depreciation
As at 1 March 2023 1,504
Provided during the period 594
As at 29 February 2024 2,098
Net Book Value
As at 29 February 2024 3,364
As at 1 March 2023 3,958
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,071 293
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 1,778
Other taxes and social security 5,365 909
VAT 12,337 8,686
NEST Pension 406 218
Accruals and deferred income 14,971 832
Director's loan account 48,987 275,089
82,066 287,512
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5