Company registration number 07863609 (England and Wales)
BEECH LODGE SCHOOL SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
BEECH LODGE SCHOOL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
BEECH LODGE SCHOOL SERVICES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
4,079
5,302
Tangible assets
5
14,597
17,517
18,676
22,819
Current assets
Debtors
6
6
4,309
Cash at bank and in hand
34,666
27,760
34,672
32,069
Creditors: amounts falling due within one year
7
(164,230)
(154,366)
Net current liabilities
(129,558)
(122,297)
Net liabilities
(110,882)
(99,478)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(110,884)
(99,480)
Total equity
(110,882)
(99,478)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 January 2025 and are signed on its behalf by:
D Szmigielska Shanly
Director
Company registration number 07863609 (England and Wales)
BEECH LODGE SCHOOL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Beech Lodge School Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sorbon, Aylesbury End, Beaconsfield, Buckinghamshire, HP9 1LW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
The company has net current liabilities of £129,558 at the year end, including £136,994 owed to Beech Lodge School Limited, who are supporting the company whilst the business and operations are established. For this reason the going concern basis for these financial statements is deemed appropriate.
1.3
Revenue
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less cost to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Development costs
10 years
Trademarks
10 years
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
10% straight line
BEECH LODGE SCHOOL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more that 24 hours. Cash equivalents are highly liquid investments that mature in no more that three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
1.7
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
1.8
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.9
Finance costs are charged to profit or loss over the term of debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
1.10
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
BEECH LODGE SCHOOL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
4
Intangible fixed assets
Development costs
Trademarks
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
8,428
3,806
12,234
Amortisation and impairment
At 1 September 2023
4,777
2,155
6,932
Amortisation charged for the year
843
380
1,223
At 31 August 2024
5,620
2,535
8,155
Carrying amount
At 31 August 2024
2,808
1,271
4,079
At 31 August 2023
3,651
1,651
5,302
BEECH LODGE SCHOOL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
5
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 September 2023 and 31 August 2024
29,196
Depreciation and impairment
At 1 September 2023
11,679
Depreciation charged in the year
2,920
At 31 August 2024
14,599
Carrying amount
At 31 August 2024
14,597
At 31 August 2023
17,517
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,309
Other debtors
6
6
4,309
7
Creditors: amounts falling due within one year
2024
2023
£
£
Loan from parent company
75,000
75,000
Trade creditors
4,097
4,098
Amounts owed to group undertakings
61,994
59,744
Taxation and social security
141
Other creditors
11,303
1,138
Accruals and deferred income
11,836
14,245
164,230
154,366
The loan is unsecured. Interest is not payable on the loan for the first 6 months and thereafter interest of 3% is payable.
BEECH LODGE SCHOOL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
8
Related party transactions
During the year, the company rendered services to, and had expenses paid by, Beech Lodge School Limited, the Parent company. At 31 August 2024, owed £136,994 (2023: £134,744) to Beech Lodge School Limited, including a loan of £75,000 (2023: £75,000).
D Szmeigielska Shanly and L J R Barnes are controlling directors of Apprenticeshop CIC. The company holds funds on behalf of the Community Interest Company. An amount of £10,164 (2023: £Nil) is included within other creditors.
9
Parent company
The ultimate controlling party is Beech Lodge School Limited.