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Company registration number: 12153226
MELHORIA EDUCATION LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 August 2024
MELHORIA EDUCATION LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
MELHORIA EDUCATION LIMITED
DIRECTORS AND OTHER INFORMATION
Directors Mrs J L Tinsley
Mrs L J Lowe (Appointed 7 August 2024)
Company number 12153226
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address The Cote
Middle Common Farm
Lower Maescoed
Hereford
HR2 0HP
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
MELHORIA EDUCATION LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MELHORIA EDUCATION LIMITED
YEAR ENDED 31ST AUGUST 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Melhoria Education Limited for the year ended 31 August 2024 which comprise the statement of financial position, statement of changes in equity and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Melhoria Education Limited, as a body, in accordance with the terms of our engagement letter dated 15 August 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Melhoria Education Limited and state those matters that we have agreed to state to the board of directors of Melhoria Education Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Melhoria Education Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Melhoria 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 Melhoria Education Limited. You consider that Melhoria 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 Melhoria 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
6 February 2025
MELHORIA EDUCATION LIMITED
STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 2,072 1,457
_______ _______
2,072 1,457
Current assets
Debtors 6 500 169
Cash at bank and in hand 9,970 12,009
_______ _______
10,470 12,178
Creditors: amounts falling due
within one year 7 ( 12,823) ( 12,014)
_______ _______
Net current (liabilities)/assets ( 2,353) 164
_______ _______
Total assets less current liabilities ( 281) 1,621
Provisions for liabilities ( 393) ( 326)
_______ _______
Net (liabilities)/assets ( 674) 1,295
_______ _______
Capital and reserves
Called up share capital 2 1
Profit and loss account ( 676) 1,294
_______ _______
Shareholders (deficit)/funds ( 674) 1,295
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mrs J L Tinsley
Director
Company registration number: 12153226
MELHORIA EDUCATION LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31ST AUGUST 2024
Called up share capital Profit and loss account Total
£ £ £
At 13 August 2019 1 1,531 1,532
Profit for the year 2,513 2,513
_______ _______ _______
Total comprehensive income for the year - 2,513 2,513
Dividends paid and payable ( 2,750) ( 2,750)
_______ _______ _______
Total investments by and distributions to owners - ( 2,750) ( 2,750)
_______ _______ _______
At 31 August 2023 and 1 September 2023 1 1,294 1,295
Profit for the year 3,030 3,030
_______ _______ _______
Total comprehensive income for the year - 3,030 3,030
Issue of shares 1 1
Dividends paid and payable ( 5,000) ( 5,000)
_______ _______ _______
Total investments by and distributions to owners 1 ( 5,000) ( 4,999)
_______ _______ _______
At 31 August 2024 2 ( 676) ( 674)
_______ _______ _______
MELHORIA EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is insolvent and dependant upon the continued support of the directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 September 2023 2,562 2,562
Additions 1,326 1,326
Disposals ( 999) ( 999)
_______ _______
At 31 August 2024 2,889 2,889
_______ _______
Depreciation
At 1 September 2023 1,105 1,105
Charge for the year 190 190
Disposals ( 478) ( 478)
_______ _______
At 31 August 2024 817 817
_______ _______
Carrying amount
At 31 August 2024 2,072 2,072
_______ _______
At 31 August 2023 1,457 1,457
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 500 169
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 582 651
Other creditors 12,241 11,363
_______ _______
12,823 12,014
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs J L Tinsley ( 10,582) ( 677) ( 11,259)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs J L Tinsley ( 8,220) ( 2,363) (10,583)
_______ _______ _______