2023-08-012024-07-312024-07-31false08131068WILLIAM CLARENCE EDUCATION 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WILLIAM CLARENCE EDUCATION LTD

Registered Number
08131068
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

WILLIAM CLARENCE EDUCATION LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

SPRIGGS, Stephen James

Registered Address

4 Vicarage Road
Teddington
TW11 8EZ

Registered Number

08131068 (England and Wales)
WILLIAM CLARENCE EDUCATION LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets37,3149,752
Tangible assets41,1641,375
Investments5100100
8,57811,227
Current assets
Debtors520,748649,083
Cash at bank and on hand1,158,688569,011
1,679,4361,218,094
Creditors amounts falling due within one year6(100,325)(146,605)
Net current assets (liabilities)1,579,1111,071,489
Total assets less current liabilities1,587,6891,082,716
Creditors amounts falling due after one year7(8,334)(18,333)
Provisions for liabilities8(291)(344)
Net assets1,579,0641,064,039
Capital and reserves
Called up share capital21
Share premium715,001215,001
Profit and loss account864,061849,037
Shareholders' funds1,579,0641,064,039
The financial statements were approved and authorised for issue by the Director on 4 December 2024, and are signed on its behalf by:
SPRIGGS, Stephen James
Director
Registered Company No. 08131068
WILLIAM CLARENCE EDUCATION LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost and amortised over their useful economic life.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Vehicles4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year43
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 2312,19012,190
At 31 July 2412,19012,190
Amortisation and impairment
At 01 August 232,4382,438
Charge for year2,4382,438
At 31 July 244,8764,876
Net book value
At 31 July 247,3147,314
At 31 July 239,7529,752
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 238,1058,105
Additions545545
At 31 July 248,6508,650
Depreciation and impairment
At 01 August 236,7306,730
Charge for year756756
At 31 July 247,4867,486
Net book value
At 31 July 241,1641,164
At 31 July 231,3751,375
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 August 23100100
At 31 July 24100100
Net book value
At 31 July 24100100
At 31 July 23100100

Notes

1Investments in group undertakings and participating interests
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables17,77342,378
Bank borrowings and overdrafts10,00010,000
Taxation and social security46,79466,366
Other creditors1,7841,261
Accrued liabilities and deferred income23,97426,600
Total100,325146,605
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8,33418,333
Total8,33418,333
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)291344
Total291344