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Registered number: 14015453
JPK Education Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ecommerce Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14015453
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,676 4,789
8,676 4,789
CURRENT ASSETS
Stocks 5 - 1,665
Debtors 6 11,457 16,926
Cash at bank and in hand 913 3,627
12,370 22,218
Creditors: Amounts Falling Due Within One Year 7 (65,252 ) (24,882 )
NET CURRENT ASSETS (LIABILITIES) (52,882 ) (2,664 )
TOTAL ASSETS LESS CURRENT LIABILITIES (44,206 ) 2,125
PROVISIONS FOR LIABILITIES
Deferred Taxation - (910 )
NET (LIABILITIES)/ASSETS (44,206 ) 1,215
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (45,206 ) 215
SHAREHOLDERS' FUNDS (44,206) 1,215
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For the year ending 31 March 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
Mr Daniel Frazer
Director
07/11/2024
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
JPK Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14015453 . The registered office is First Floor 690 Great West Road, Osterley Village, Isleworth, TW7 4PU.
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.
2.3. 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 Straight line basis over 5 years.
Computer Equipment Straight line basis over 5 years.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 5)
12 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - 5,986 5,986
Additions 1,572 4,783 6,355
As at 31 March 2024 1,572 10,769 12,341
Depreciation
As at 1 April 2023 - 1,197 1,197
Provided during the period 314 2,154 2,468
As at 31 March 2024 314 3,351 3,665
Net Book Value
As at 31 March 2024 1,258 7,418 8,676
As at 1 April 2023 - 4,789 4,789
5. Stocks
2024 2023
£ £
Finished goods - 1,665
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 840
Other debtors 11,457 16,086
11,457 16,926
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,452 247
Bank loans and overdrafts 36,402 909
Other loans - 13,000
Other creditors 14,339 -
Taxation and social security 12,059 10,726
65,252 24,882
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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