Company Registration No. 09285945 (England and Wales)
Curiosity Global Education Ltd
Unaudited accounts
for the year ended 31 October 2024
Curiosity Global Education Ltd
Unaudited accounts
Contents
Curiosity Global Education Ltd
Company Information
for the year ended 31 October 2024
Company Number
09285945 (England and Wales)
Registered Office
SPARKHOUSE STUDIOS
ROPE WALK
LINCOLN
LN6 7DQ
Accountants
Tax Return Accountants Ltd
26 Spinning Wheelway
Hackbridge
Wallington
GB
SM6 7DS
Curiosity Global Education Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
3,555
4,666
Cash at bank and in hand
59,634
81,138
Creditors: amounts falling due within one year
(4,482)
(13,542)
Net current assets
62,122
72,893
Total assets less current liabilities
65,677
77,559
Creditors: amounts falling due after more than one year
(101,599)
(111,935)
Net liabilities
(35,922)
(34,376)
Called up share capital
50,000
50,000
Profit and loss account
(85,922)
(84,376)
Shareholders' funds
(35,922)
(34,376)
For the year ending 31 October 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 her 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 December 2024 and were signed on its behalf by
Yan Tao
Director
Company Registration No. 09285945
Curiosity Global Education Ltd
Notes to the Accounts
for the year ended 31 October 2024
Curiosity Global Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 09285945. The registered office is SPARKHOUSE STUDIOS, ROPE WALK, LINCOLN, LN6 7DQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months after signing the financial statements and, therefore, she continues to adopt the going concern basis in preparing the annual report and financial statements.
The company continues to monitor the uncertainty in the current economic and business environment , and the director is satisfied the the Company's service will continue to be attractive to clients.
Curiosity Global Education Ltd
Notes to the Accounts
for the year ended 31 October 2024
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in
equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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:
Curiosity Global Education Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
1,750
5,828
7,578
At 31 October 2024
1,750
5,828
7,578
At 1 November 2023
630
2,282
2,912
Charge for the year
224
887
1,111
At 31 October 2024
854
3,169
4,023
At 31 October 2024
896
2,659
3,555
At 31 October 2023
1,120
3,546
4,666
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,050
1,050
Other creditors
3,432
3,474
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
101,599
111,935
Allotted, called up and fully paid:
1,000 Ordinary shares of £50 each
50,000
50,000
9
Transactions with related parties
The director made a loan of £101,599 to the Company, unsecured and repayable by demand.
10
Average number of employees
During the year the average number of employees was 6 (2023: 4).