67 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05886599 2023-08-01 2024-07-31 05886599 2024-07-31 05886599 2023-07-31 05886599 2022-08-01 2023-07-31 05886599 2023-07-31 05886599 2022-07-31 05886599 core:NetGoodwill 2023-08-01 2024-07-31 05886599 core:LandBuildings core:ShortLeaseholdAssets 2023-08-01 2024-07-31 05886599 core:FurnitureFittings 2023-08-01 2024-07-31 05886599 core:MotorVehicles 2023-08-01 2024-07-31 05886599 bus:Director1 2023-08-01 2024-07-31 05886599 bus:Director2 2023-08-01 2024-07-31 05886599 core:WithinOneYear 2024-07-31 05886599 core:WithinOneYear 2023-07-31 05886599 core:ShareCapital 2024-07-31 05886599 core:ShareCapital 2023-07-31 05886599 core:RetainedEarningsAccumulatedLosses 2024-07-31 05886599 core:RetainedEarningsAccumulatedLosses 2023-07-31 05886599 core:BetweenOneFiveYears 2024-07-31 05886599 core:BetweenOneFiveYears 2023-07-31 05886599 core:MoreThanFiveYears 2024-07-31 05886599 core:MoreThanFiveYears 2023-07-31 05886599 bus:Director1 2023-07-31 05886599 bus:Director1 2024-07-31 05886599 bus:Director2 2023-07-31 05886599 bus:Director2 2024-07-31 05886599 bus:Director1 2022-07-31 05886599 bus:Director1 2023-07-31 05886599 bus:Director2 2022-07-31 05886599 bus:Director2 2023-07-31 05886599 bus:Director1 2022-08-01 2023-07-31 05886599 bus:Director2 2022-08-01 2023-07-31 05886599 bus:SmallEntities 2023-08-01 2024-07-31 05886599 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05886599 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05886599 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05886599 bus:AbridgedAccounts 2023-08-01 2024-07-31 05886599 core:OfficeEquipment 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 05886599
J. K. Education Limited
Filleted Unaudited Abridged Financial Statements
31 July 2024
J. K. Education Limited
Abridged Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
65,593
82,233
Current assets
Debtors
282,103
168,937
Cash at bank and in hand
350,365
441,681
----------
----------
632,468
610,618
Creditors: amounts falling due within one year
137,904
153,820
----------
----------
Net current assets
494,564
456,798
----------
----------
Total assets less current liabilities
560,157
539,031
----------
----------
Net assets
560,157
539,031
----------
----------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
559,157
538,031
----------
----------
Shareholders funds
560,157
539,031
----------
----------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.
J. K. Education Limited
Abridged Statement of Financial Position (continued)
31 July 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 15 March 2025 , and are signed on behalf of the board by:
Mrs J Low
Mrs K Turner
Director
Director
Company registration number: 05886599
J. K. Education Limited
Notes to the Abridged Financial Statements
Year ended 31 July 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 76 Freelands Road, Bromley, Kent, BR1 3HY.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Leasehold improvements
-
10% straight line
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 67 (2023: 77 ).
5. Intangible assets
£
Cost
At 1 August 2023 and 31 July 2024
130,009
----------
Amortisation
At 1 August 2023 and 31 July 2024
130,009
----------
Carrying amount
At 31 July 2024
----------
At 31 July 2023
----------
6. Tangible assets
£
Cost
At 1 August 2023
209,560
Additions
4,446
----------
At 31 July 2024
214,006
----------
Depreciation
At 1 August 2023
127,327
Charge for the year
21,086
----------
At 31 July 2024
148,413
----------
Carrying amount
At 31 July 2024
65,593
----------
At 31 July 2023
82,233
----------
7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
15,354
13,465
Later than 1 year and not later than 5 years
61,007
53,654
Later than 5 years
11,701
13,133
---------
---------
88,062
80,252
---------
---------
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 outstanding
£
£
£
Mrs J Low
( 12,416)
( 1,177)
( 13,593)
Mrs K Turner
( 30,753)
( 1,707)
( 32,460)
---------
-------
---------
( 43,169)
( 2,884)
( 46,053)
---------
-------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs J Low
( 12,232)
( 184)
( 12,416)
Mrs K Turner
( 28,742)
( 2,011)
( 30,753)
---------
-------
---------
( 40,974)
( 2,195)
( 43,169)
---------
-------
---------
9. Related party transactions
The company was under the control of Mrs K Turner and Mrs J Low throughout the current year. Mrs K Turner is a director and joint shareholder. Mrs J Low is a director and joint shareholder. Included in rent, rates and water is an amount of £30,000 (2023 - £30,000) which is rent due to the director Mrs K Turner. Also, included in rent, rates and water is an amount of £30,000 (2023 - £30,000) which is rent due to the director Mrs J Low . This has been charged at market rate.