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Registered number: 09950816
Boomsatsuma Education Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Anthony Smith and Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09950816
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 427,911 214,630
427,911 214,630
CURRENT ASSETS
Debtors 5 188,530 110,389
Cash at bank and in hand 254,036 371,575
442,566 481,964
Creditors: Amounts Falling Due Within One Year 6 (362,841 ) (317,277 )
NET CURRENT ASSETS (LIABILITIES) 79,725 164,687
TOTAL ASSETS LESS CURRENT LIABILITIES 507,636 379,317
Creditors: Amounts Falling Due After More Than One Year 7 (582,071 ) (628,549 )
NET LIABILITIES (74,435 ) (249,232 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account (74,635 ) (249,432 )
SHAREHOLDERS' FUNDS (74,435) (249,232)
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 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 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 Profit and Loss Account.
On behalf of the board
Mr Mark Curtis
Director
19/02/2025
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
Boomsatsuma Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09950816 . The registered office is 9 Portland Square, Bristol, BS2 8ST.
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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, evenly over their expected useful lives on the following bases:
Plant & Machinery Over 5 years
Motor Vehicles Over 5 years
Fixtures & Fittings Over 5 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2023: 34)
49 34
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 426,600 13,277 439,877
Additions 337,619 11,685 349,304
As at 31 August 2024 764,219 24,962 789,181
Depreciation
As at 1 September 2023 211,970 13,277 225,247
Provided during the period 131,338 4,685 136,023
As at 31 August 2024 343,308 17,962 361,270
Net Book Value
As at 31 August 2024 420,911 7,000 427,911
As at 1 September 2023 214,630 - 214,630
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,915 35,707
Other debtors 153,615 74,682
188,530 110,389
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 95,709 69,775
Bank loans and overdrafts 143,712 167,148
Other creditors 123,420 33,550
Taxation and social security - 46,804
362,841 317,277
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 582,071 628,549
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4