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Registered number: 11615563
Great Education Limited
Financial Statements
For The Year Ended 30 April 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11615563
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 64,421 64,351
Cash at bank and in hand 106 3,213
64,527 67,564
Creditors: Amounts Falling Due Within One Year 5 (107,781 ) (86,023 )
NET CURRENT ASSETS (LIABILITIES) (43,254 ) (18,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES (43,254 ) (18,459 )
Creditors: Amounts Falling Due After More Than One Year 6 (21,627 ) (22,794 )
NET LIABILITIES (64,881 ) (41,253 )
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account (64,884 ) (41,256 )
SHAREHOLDERS' FUNDS (64,881) (41,253)
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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
Mrs R Ameer
Director
30/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Great Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11615563 . The registered office is 70 Gracechurch Street, London, EC3V 0HR.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: )
2 -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,350 64,350
Other debtors 71 1
64,421 64,351
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,278 23,999
Other creditors 84,503 61,373
Taxation and social security - 651
107,781 86,023
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan 18,415 19,582
Other loans 3,212 3,212
21,627 22,794
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4