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REGISTERED NUMBER: 10929985 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Allaboutschoolleavers Ltd

Allaboutschoolleavers Ltd (Registered number: 10929985)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Allaboutschoolleavers Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J W Denton
Mr P Harris





REGISTERED OFFICE: Lytchett House
13 Freeland Park
Poole
Dorset
BH16 6FA





REGISTERED NUMBER: 10929985 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Allaboutschoolleavers Ltd (Registered number: 10929985)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 55,432 64,418

CURRENT ASSETS
Debtors 6 8,845 8,845
Cash at bank and in hand 70 3,477
8,915 12,322
CREDITORS
Amounts falling due within one year 7 (607,166 ) (589,288 )
NET CURRENT LIABILITIES (598,251 ) (576,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(542,819

)

(512,548

)

PROVISIONS FOR LIABILITIES (13,947 ) (13,947 )
NET LIABILITIES (556,766 ) (526,495 )

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account (556,866 ) (526,595 )
(556,766 ) (526,495 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:




Mr J W Denton - Director



Mr P Harris - Director


Allaboutschoolleavers Ltd (Registered number: 10929985)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Allaboutschoolleavers Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable from promotional work, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Other intangible assets
Other intangible assets are initially measured at cost. After initial recognition, other intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 and 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.

Current and deferred tax assets and liabilities are not discounted.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Allaboutschoolleavers Ltd (Registered number: 10929985)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 89,862
AMORTISATION
At 1 April 2023 25,444
Charge for year 8,986
At 31 March 2024 34,430
NET BOOK VALUE
At 31 March 2024 55,432
At 31 March 2023 64,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 6,600 6,600
Other debtors 2,245 2,245
8,845 8,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 595,420 563,977
Taxation and social security 11,179 25,311
Other creditors 567 -
607,166 589,288

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J W Denton
Balance outstanding at start of year - 6,600
Amounts repaid - (6,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loan is interest free, unsecured and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

Allaboutgroup Holdings Ltd, registered number 10426880, is the company's immediate parent company.