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Registered number: 11061681
Kingsgate Education Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11061681
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,215 74,582
56,215 74,582
CURRENT ASSETS
Debtors 5 19,784 158,377
Cash at bank and in hand 66,514 731
86,298 159,108
Creditors: Amounts Falling Due Within One Year 6 (99,252 ) (203,468 )
NET CURRENT ASSETS (LIABILITIES) (12,954 ) (44,360 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,261 30,222
Creditors: Amounts Falling Due After More Than One Year 7 (7,910 ) (18,214 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,646 ) (11,374 )
NET ASSETS 28,705 634
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 28,605 534
SHAREHOLDERS' FUNDS 28,705 634
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Timothy Rogers
Director
15/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kingsgate Education Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11061681 . The registered office is 239 West Street, Fareham, PO16 0HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue is recognised on educational services as they are provided. Fees are invoiced termly in advance and only recognised as they are earned through the delivery of education and any other related services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Buildings & leasehold improvements 10% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 19)
21 19
4. Tangible Assets
Buildings & leasehold improvements Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 43,939 1,600 72,147 32,510 150,196
Additions - - - 2,416 2,416
As at 31 August 2024 43,939 1,600 72,147 34,926 152,612
Depreciation
As at 1 September 2023 14,688 1,216 42,155 17,555 75,614
Provided during the period 4,394 320 10,046 6,023 20,783
As at 31 August 2024 19,082 1,536 52,201 23,578 96,397
Net Book Value
As at 31 August 2024 24,857 64 19,946 11,348 56,215
As at 1 September 2023 29,251 384 29,992 14,955 74,582
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 123,792
Other debtors 19,784 34,585
19,784 158,377
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,076 15,828
Bank loans and overdrafts 10,311 16,195
Other creditors 11,615 126,498
Taxation and social security 58,250 44,947
99,252 203,468
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,910 18,214
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 40,829 51,469
Later than one year and not later than five years 33,659 15,424
74,488 66,893
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Timothy Rogers 5,922 - 5,922 - -
The above loan is unsecured, interest free and repayable on demand.
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