SAVE MY EXAMS LIMITED

Company Registration Number:
10730279 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

SAVE MY EXAMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes

SAVE MY EXAMS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 12,237 0
Tangible assets: 4 0 12,207
Total fixed assets: 12,237 12,207
Current assets
Debtors: 5 608,664 261,598
Cash at bank and in hand: 846,030 815,622
Total current assets: 1,454,694 1,077,220
Creditors: amounts falling due within one year: 6 ( 828,964 ) ( 813,298 )
Net current assets (liabilities): 625,730 263,922
Total assets less current liabilities: 637,967 276,129
Total net assets (liabilities): 637,967 276,129
Capital and reserves
Called up share capital: 1 1
Share premium account: 414,153 0
Other reserves: 4,094 4,094
Profit and loss account: 219,719 272,034
Total Shareholders' funds: 637,967 276,129

The notes form part of these financial statements

SAVE MY EXAMS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 March 2025
and signed on behalf of the board by:

Name: S M Taylor
Status: Director

The notes form part of these financial statements

SAVE MY EXAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Office equipment - 25% Straight line method Computer equipment - 33% Straight line method Trademarks - 10% Straight line method 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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

SAVE MY EXAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 73 58

SAVE MY EXAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 0 0
Additions 13,392 13,392
Disposals
Revaluations
Transfers
At 31 December 2024 13,392 13,392
Amortisation
At 1 January 2024 0 0
Charge for year 1,155 1,155
On disposals
Other adjustments
At 31 December 2024 1,155 1,155
Net book value
At 31 December 2024 12,237 12,237
At 31 December 2023 0 0

SAVE MY EXAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 37,607 37,607
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 37,607 37,607
Depreciation
At 1 January 2024 25,400 25,400
Charge for year 12,207 12,207
On disposals
Other adjustments
At 31 December 2024 37,607 37,607
Net book value
At 31 December 2024 0 0
At 31 December 2023 12,207 12,207

SAVE MY EXAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 6,304 2,136
Prepayments and accrued income 115,186 99,667
Other debtors 487,174 159,795
Total 608,664 261,598

SAVE MY EXAMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 106,332 90,612
Taxation and social security 423,536 347,464
Accruals and deferred income 222,548 251,213
Other creditors 76,548 124,009
Total 828,964 813,298