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Registration number: 09326818

The Headteacher's Report Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

The Headteacher's Report Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

The Headteacher's Report Ltd

(Registration number: 09326818)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

8,138

8,916

Current assets

 

Debtors

4

59,143

41,653

Cash at bank and in hand

 

130,566

144,881

 

189,709

186,534

Creditors: Amounts falling due within one year

5

(129,329)

(145,837)

Net current assets

 

60,380

40,697

Net assets

 

68,518

49,613

Capital and reserves

 

Called up share capital

100

100

Retained earnings

68,418

49,513

Shareholders' funds

 

68,518

49,613

 

The Headteacher's Report Ltd

(Registration number: 09326818)
Statement of Financial Position as at 30 April 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 28 June 2024 and signed on its behalf by:
 

.........................................
Mr M Birch
Director

.........................................
Mr N E Charlton-Jones
Director

 
     
 

The Headteacher's Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3000 Aviator Way
Manchester
Lancashire
M22 5TG
United Kingdom

These financial statements were authorised for issue by the Board on 28 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Headteacher's Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Development costs

50% Straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

 

The Headteacher's Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Intangible assets

Development costs
 £

Total
£

Cost or valuation

At 1 May 2023

127,855

127,855

Additions acquired separately

16,276

16,276

At 30 April 2024

144,131

144,131

Amortisation

At 1 May 2023

118,939

118,939

Amortisation charge

17,054

17,054

At 30 April 2024

135,993

135,993

Carrying amount

At 30 April 2024

8,138

8,138

At 30 April 2023

8,916

8,916

4

Debtors

2024
£

2023
£

Trade debtors

59,143

41,653

59,143

41,653

 

The Headteacher's Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

33,955

31,331

Accruals and deferred income

8,452

7,216

Other creditors

86,922

107,290

129,329

145,837

6

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).