IRIS Accounts Production v24.2.0.383 11393412 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113934122023-05-31113934122024-05-31113934122023-06-012024-05-31113934122022-05-31113934122022-06-012023-05-31113934122023-05-3111393412ns15:EnglandWales2023-06-012024-05-3111393412ns14:PoundSterling2023-06-012024-05-3111393412ns10:Director12023-06-012024-05-3111393412ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111393412ns10:SmallEntities2023-06-012024-05-3111393412ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3111393412ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111393412ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111393412ns10:FullAccounts2023-06-012024-05-3111393412ns10:Director22023-06-012024-05-3111393412ns10:RegisteredOffice2023-06-012024-05-3111393412ns5:CurrentFinancialInstruments2024-05-3111393412ns5:CurrentFinancialInstruments2023-05-3111393412ns5:ShareCapital2024-05-3111393412ns5:ShareCapital2023-05-3111393412ns5:RetainedEarningsAccumulatedLosses2024-05-3111393412ns5:RetainedEarningsAccumulatedLosses2023-05-3111393412ns5:LeaseholdImprovements2023-06-012024-05-3111393412ns5:PlantMachinery2023-06-012024-05-3111393412ns5:FurnitureFittings2023-06-012024-05-3111393412ns5:ComputerEquipment2023-06-012024-05-3111393412ns5:LeaseholdImprovements2023-05-3111393412ns5:PlantMachinery2023-05-3111393412ns5:FurnitureFittings2023-05-3111393412ns5:ComputerEquipment2023-05-3111393412ns5:LeaseholdImprovements2024-05-3111393412ns5:PlantMachinery2024-05-3111393412ns5:FurnitureFittings2024-05-3111393412ns5:ComputerEquipment2024-05-3111393412ns5:LeaseholdImprovements2023-05-3111393412ns5:PlantMachinery2023-05-3111393412ns5:FurnitureFittings2023-05-3111393412ns5:ComputerEquipment2023-05-3111393412ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111393412ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 11393412 (England and Wales)











LATIKA EDUCATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






LATIKA EDUCATION LIMITED (REGISTERED NUMBER: 11393412)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 5

LATIKA EDUCATION LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Dr V Jayakar
Dr N Jayakar





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 11393412 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

LATIKA EDUCATION LIMITED (REGISTERED NUMBER: 11393412)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,042 43,503

CURRENT ASSETS
Debtors 5 - 13,885
Cash at bank 42,021 36,794
42,021 50,679
CREDITORS
Amounts falling due within one year 6 28,062 16,887
NET CURRENT ASSETS 13,959 33,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,001

77,295

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 52,801 77,095
53,001 77,295

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





Dr N Jayakar - Director


LATIKA EDUCATION LIMITED (REGISTERED NUMBER: 11393412)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Latika 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.

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 represents fees receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

LATIKA EDUCATION LIMITED (REGISTERED NUMBER: 11393412)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 19,283 2,495 29,435 2,206 53,419
Additions - - - 859 859
At 31 May 2024 19,283 2,495 29,435 3,065 54,278
DEPRECIATION
At 1 June 2023 257 399 7,893 1,367 9,916
Charge for year 381 419 4,309 211 5,320
At 31 May 2024 638 818 12,202 1,578 15,236
NET BOOK VALUE
At 31 May 2024 18,645 1,677 17,233 1,487 39,042
At 31 May 2023 19,026 2,096 21,542 839 43,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 13,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,504 -
Other creditors 18,558 16,887
28,062 16,887

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LATIKA 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 Latika Education Limited for the year ended 31 May 2024 which comprise the Statement of income and retained earnings, 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 Latika 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 Latika Education Limited and state those matters that we have agreed to state to the Board of Directors of Latika 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 Latika Education Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Latika 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 Latika Education Limited. You consider that Latika 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 Latika 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.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


13 February 2025