Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 14130604 Mrs R A Apopei Mrs R A Apopei true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14130604 2023-05-31 14130604 2024-05-31 14130604 2023-06-01 2024-05-31 14130604 frs-core:CurrentFinancialInstruments 2024-05-31 14130604 frs-core:ShareCapital 2024-05-31 14130604 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14130604 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14130604 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14130604 frs-bus:SmallEntities 2023-06-01 2024-05-31 14130604 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14130604 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14130604 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 14130604 frs-bus:OrdinaryShareClass1 2024-05-31 14130604 1 2023-06-01 2024-05-31 14130604 frs-bus:Director1 2023-06-01 2024-05-31 14130604 frs-countries:EnglandWales 2023-06-01 2024-05-31 14130604 2022-05-31 14130604 2023-05-31 14130604 2022-06-01 2023-05-31 14130604 frs-core:CurrentFinancialInstruments 2023-05-31 14130604 frs-core:ShareCapital 2023-05-31 14130604 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 14130604 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 14130604
Metacognitive Education Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 14130604
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 550 27
550 27
Creditors: Amounts Falling Due Within One Year 4 (27,961 ) (17,613 )
NET CURRENT ASSETS (LIABILITIES) (27,411 ) (17,586 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,411 ) (17,586 )
NET LIABILITIES (27,411 ) (17,586 )
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account (27,413 ) (17,588 )
SHAREHOLDERS' FUNDS (27,411) (17,586)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs R A Apopei
Director
26th February 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Metacognitive Education Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14130604 . The registered office is 19 Myrtle Road, London, N13 5QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 June 2023 to 31 May 2024 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 60 50
Other creditors 27,901 17,563
27,961 17,613
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
6. Related Party Transactions
During the year, no dividend was paid to the director.
7. Ultimate Controlling Party
The company's ultimate controlling party is Mrs R A Apopei by virtue of his ownership of 100% of the issued share capital in the company.
Page 2