Registered number
09682896
Exceptional Academics Ltd
Filleted Accounts
31 July 2024
Exceptional Academics Ltd
Registered number: 09682896
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 587 587
Current assets
Debtors 4 - 15,207
Cash at bank and in hand 65,657 65,720
65,657 80,927
Creditors: amounts falling due within one year 5 (6,840) (21,436)
Net current assets 58,817 59,491
Net assets 59,404 60,078
Capital and reserves
Called up share capital 200 200
Profit and loss account 59,204 59,878
Shareholders' funds 59,404 60,078
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Matthew Chan
Director
Approved by the board on 11 April 2025
Exceptional Academics Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,351
At 31 July 2024 1,351
Depreciation
At 1 August 2023 764
At 31 July 2024 764
Net book value
At 31 July 2024 587
At 31 July 2023 587
4 Debtors 2024 2023
£ £
Trade debtors - 4,212
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 10,995
- 15,207
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,100 1,500
Taxation and social security costs 10 38
Other creditors 4,730 19,898
6,840 21,436
6 Other information
Exceptional Academics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
62b Thirsk Road
London
SW11 5S
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