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Company Registration No. 09993281 (England and Wales)
TEFL Graduate Ltd Unaudited accounts for the year ended 29 February 2024
TEFL Graduate Ltd Unaudited accounts Contents
Page
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TEFL Graduate Ltd Company Information for the year ended 29 February 2024
Director
B S Padda
Company Number
09993281 (England and Wales)
Registered Office
Kemp House 152-160 City Road London EC1V 2NX
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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TEFL Graduate Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
281 
607 
Current assets
Debtors
4,784 
4,784 
Cash at bank and in hand
980 
14,377 
5,764 
19,161 
Creditors: amounts falling due within one year
(19,371)
(18,148)
Net current (liabilities)/assets
(13,607)
1,013 
Total assets less current liabilities
(13,326)
1,620 
Creditors: amounts falling due after more than one year
(19,369)
(22,107)
Net liabilities
(32,695)
(20,487)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(32,696)
(20,488)
Shareholders' funds
(32,695)
(20,487)
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 28 November 2024 and were signed on its behalf by
B S Padda Director Company Registration No. 09993281
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TEFL Graduate Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
TEFL Graduate Ltd is a private company, limited by shares, registered in England and Wales, registration number 09993281. The registered office is Kemp House, 152-160 City Road, London, EC1V 2NX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
20% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The director is not aware of any material uncertainties that may cause significant doubt about the company's ability to continue as a going concern. The company will continue to operate with the support of the director and with the view of becoming profitable.
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TEFL Graduate Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1,874 
1,635 
3,509 
At 29 February 2024
1,874 
1,635 
3,509 
Depreciation
At 1 March 2023
1,874 
1,028 
2,902 
Charge for the year
- 
326 
326 
At 29 February 2024
1,874 
1,354 
3,228 
Net book value
At 29 February 2024
- 
281 
281 
At 28 February 2023
- 
607 
607 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,784 
4,784 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,191 
2,725 
Taxes and social security
10,770 
14,244 
Other creditors
- 
862 
Loans from directors
410 
317 
19,371 
18,148 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,369 
22,107 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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