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REGISTERED NUMBER: 12224622 (England and Wales)















WV2 EDUCATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024






WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

WV2 EDUCATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: W Shanahan-Gray
B P Shanahan-Gray





REGISTERED OFFICE: The Hollies
74 New Road
Willenhall
West Midlands
WV13 2DA





REGISTERED NUMBER: 12224622 (England and Wales)





ACCOUNTANTS: Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA

WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,572 24,921

CURRENT ASSETS
Debtors 5 371,880 243,689
Cash at bank 694,364 498,789
1,066,244 742,478
CREDITORS
Amounts falling due within one year 6 809,202 552,048
NET CURRENT ASSETS 257,042 190,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,614

215,351

CREDITORS
Amounts falling due after more than one year 7 (27,795 ) (33,125 )

PROVISIONS FOR LIABILITIES 8 (7,393 ) (4,735 )
NET ASSETS 251,426 177,491

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 251,326 177,391
SHAREHOLDERS' FUNDS 251,426 177,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th January 2025 and were signed on its behalf by:





W Shanahan-Gray - Director


WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Wv2 Education Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
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
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 24 ) .

WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st October 2023 12,135 26,951 39,086
Additions 5,629 12,994 18,623
At 30th September 2024 17,764 39,945 57,709
DEPRECIATION
At 1st October 2023 3,141 11,024 14,165
Charge for year 2,870 11,102 13,972
At 30th September 2024 6,011 22,126 28,137
NET BOOK VALUE
At 30th September 2024 11,753 17,819 29,572
At 30th September 2023 8,994 15,927 24,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,732 86,667
Other debtors 3,500 3,500
Directors' current accounts 311,087 148,240
Corporation tax recoverable - 1,103
Prepayments 3,561 4,179
371,880 243,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 5,956 5,956
Trade creditors 1 14,430
Corporation tax 90,314 89,659
Social security and other taxes 20,153 15,521
Other creditors 3,411 2,459
Deferred income 688,732 421,853
Accrued expenses 635 2,170
809,202 552,048

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans more 5yrs instal 27,795 33,125

WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 27,795 33,125

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,393 4,735

Deferred
tax
£   
Balance at 1st October 2023 4,735
Charge to Income Statement during year 2,658
Balance at 30th September 2024 7,393

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1st October 2023 177,391
Profit for the year 272,935
Dividends (199,000 )
At 30th September 2024 251,326

WV2 EDUCATION LIMITED (REGISTERED NUMBER: 12224622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
W Shanahan-Gray
Balance outstanding at start of year 74,500 -
Amounts advanced 155,543 74,500
Amounts repaid (74,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 155,543 74,500

B P Shanahan-Gray
Balance outstanding at start of year 74,500 -
Amounts advanced 155,544 74,500
Amounts repaid (74,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 155,544 74,500

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WV2 EDUCATION LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wv2 Education Limited for the year ended 30th September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wv2 Education Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wv2 Education Limited and state those matters that we have agreed to state to the Board of Directors of Wv2 Education Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wv2 Education Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wv2 Education Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wv2 Education Limited. You consider that Wv2 Education Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wv2 Education Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA


17th January 2025