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REGISTERED NUMBER: 05188983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SCHOOLSOUT (SOUTH) LIMITED

SCHOOLSOUT (SOUTH) LIMITED (REGISTERED NUMBER: 05188983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCHOOLSOUT (SOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mrs L Giles





REGISTERED OFFICE: 15 Old Farm Road East
Sidcup
Kent
DA15 8AE





REGISTERED NUMBER: 05188983 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

SCHOOLSOUT (SOUTH) LIMITED (REGISTERED NUMBER: 05188983)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,106 2,808

CURRENT ASSETS
Debtors 5 2,310 3,941
Cash at bank and in hand 1,587 766
3,897 4,707
CREDITORS
Amounts falling due within one year 6 13,233 10,752
NET CURRENT LIABILITIES (9,336 ) (6,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,230

)

(3,237

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,232 ) (3,239 )
SHAREHOLDERS' FUNDS (7,230 ) (3,237 )

SCHOOLSOUT (SOUTH) LIMITED (REGISTERED NUMBER: 05188983)

BALANCE SHEET - continued
31 JULY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mrs L Giles - Director


SCHOOLSOUT (SOUTH) LIMITED (REGISTERED NUMBER: 05188983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Schoolsout (South) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance

Taxation
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 August 2023
and 31 July 2024 27,610
DEPRECIATION
At 1 August 2023 24,802
Charge for year 702
At 31 July 2024 25,504
NET BOOK VALUE
At 31 July 2024 2,106
At 31 July 2023 2,808

SCHOOLSOUT (SOUTH) LIMITED (REGISTERED NUMBER: 05188983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,149 3,941
Other debtors 161 -
2,310 3,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,069 801
Taxation and social security 3,846 4,498
Other creditors 8,318 5,453
13,233 10,752