Company Registration No. 10878771 (England and Wales)
Edukado Media Limited
Unaudited accounts
for the year ended 31 July 2024
Edukado Media Limited
Unaudited accounts
Contents
Edukado Media Limited
Company Information
for the year ended 31 July 2024
Directors
Andras Kapuvari
Arseni Sergeievich Gladkov
Company Number
10878771 (England and Wales)
Registered Office
Golden Cross House
8 Duncannon Street
London
WC2N 4JF
UK
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Edukado Media Limited
Accountants' report
Accountants' report to the board of directors of Edukado Media Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Edukado Media Limited for the year ended
31 July 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Edukado Media Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Edukado Media Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edukado Media Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Edukado Media Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Edukado Media Limited. You consider that Edukado Media Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Edukado Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
23 April 2025
Edukado Media Limited
Statement of financial position
as at 31 July 2024
Tangible assets
132,177
127
Cash at bank and in hand
22,565
80,365
Creditors: amounts falling due within one year
(88,908)
(30,628)
Net current (liabilities)/assets
(28,995)
49,737
Called up share capital
1
1
Profit and loss account
103,181
49,863
Shareholders' funds
103,182
49,864
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
Andras Kapuvari
Director
Company Registration No. 10878771
Edukado Media Limited
Notes to the Accounts
for the year ended 31 July 2024
Edukado Media Limited is a private company, limited by shares, registered in England and Wales, registration number 10878771. The registered office is Golden Cross House, 8 Duncannon Street, London, WC2N 4JF, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, he continue to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Edukado Media Limited
Notes to the Accounts
for the year ended 31 July 2024
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
-
419
4,229
4,648
Additions
130,792
-
2,078
132,870
At 31 July 2024
130,792
419
6,307
137,518
At 1 August 2023
-
292
4,229
4,521
Charge for the year
-
127
693
820
At 31 July 2024
-
419
4,922
5,341
At 31 July 2024
130,792
-
1,385
132,177
At 31 July 2023
-
127
-
127
Amounts falling due within one year
Edukado Media Limited
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
12,913
1,288
Taxes and social security
16,847
2,985
Loans from directors
45,081
26,355
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.0001 each
1
1
Mr Andras Kapuvari is the ultimate controlling party.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).