Registered number
09010026
AK Teaching Ltd
Filleted Accounts
30 April 2024
AK Teaching Ltd
Registered number: 09010026
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 134,526 11,949
Current assets
Debtors 4 1,233,649 759,430
Cash at bank and in hand 680,484 734,390
1,914,133 1,493,820
Creditors: amounts falling due within one year 5 (952,613) (840,012)
Net current assets 961,520 653,808
Total assets less current liabilities 1,096,046 665,757
Creditors: amounts falling due after more than one year 6 (14,236) (7,775)
Net assets 1,081,810 657,982
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,081,710 657,882
Shareholder's funds 1,081,810 657,982
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Kirtley
Director
Approved by the board on 31 July 2024
AK Teaching Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 31 22
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 May 2023 84,494
Additions 159,367
At 30 April 2024 243,861
Depreciation
At 1 May 2023 72,545
Charge for the year 35,000
On disposals 1,790
At 30 April 2024 109,335
Net book value
At 30 April 2024 134,526
At 30 April 2023 11,949
4 Debtors 2024 2023
£ £
Trade debtors 1,233,649 759,430
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 343,132 88,023
Trade creditors 50,395 365,333
Taxation and social security costs 523,899 377,071
Other creditors 35,187 9,585
952,613 840,012
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 14,236 7,775
7 Other information
AK Teaching Ltd is a private company limited by shares and incorporated in England. Its registered office is:
City Hall
Plater Way
Sunderland
SR1 3AA
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