0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 34,000 12,750 3,400 16,150 17,850 21,250 195 444 195 444 195 18 195 18 426 xbrli:pure xbrli:shares iso4217:GBP 12494897 2024-01-01 2024-12-31 12494897 2024-12-31 12494897 2023-12-31 12494897 2023-01-01 2023-12-31 12494897 2023-12-31 12494897 2022-12-31 12494897 core:FurnitureFittings 2024-01-01 2024-12-31 12494897 bus:Director1 2024-01-01 2024-12-31 12494897 core:FurnitureFittings 2023-12-31 12494897 core:FurnitureFittings 2024-12-31 12494897 core:WithinOneYear 2024-12-31 12494897 core:WithinOneYear 2023-12-31 12494897 core:ShareCapital 2024-12-31 12494897 core:ShareCapital 2023-12-31 12494897 core:RetainedEarningsAccumulatedLosses 2024-12-31 12494897 core:RetainedEarningsAccumulatedLosses 2023-12-31 12494897 bus:SmallEntities 2024-01-01 2024-12-31 12494897 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12494897 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12494897 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12494897 bus:FullAccounts 2024-01-01 2024-12-31 12494897 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 12494897 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 12494897 core:IntangibleAssetsOtherThanGoodwill 2023-12-31
COMPANY REGISTRATION NUMBER: 12494897
YORKSHIRE EDUCATION LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2024
YORKSHIRE EDUCATION LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
4
17,850
21,250
Tangible assets
5
426
---------
---------
18,276
21,250
Current assets
Debtors
6
57,774
24,781
Cash at bank and in hand
37,875
26,576
---------
---------
95,649
51,357
Creditors: amounts falling due within one year
7
60,085
35,799
---------
---------
Net current assets
35,564
15,558
---------
---------
Total assets less current liabilities
53,840
36,808
---------
---------
Net assets
53,840
36,808
---------
---------
YORKSHIRE EDUCATION LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
10
10
Profit and loss account
53,830
36,798
---------
---------
Shareholders funds
53,840
36,808
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:
J D O'Malley
Director
Company registration number: 12494897
YORKSHIRE EDUCATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 420 Huntington Road, York, YO31 9HU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise fees
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
4. Intangible assets
Franchise fees
£
Cost
At 1 January 2024 and 31 December 2024
34,000
---------
Amortisation
At 1 January 2024
12,750
Charge for the year
3,400
---------
At 31 December 2024
16,150
---------
Carrying amount
At 31 December 2024
17,850
---------
At 31 December 2023
21,250
---------
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 January 2024
195
Additions
444
Disposals
( 195)
-----
At 31 December 2024
444
-----
Depreciation
At 1 January 2024
195
Charge for the year
18
Disposals
( 195)
-----
At 31 December 2024
18
-----
Carrying amount
At 31 December 2024
426
-----
At 31 December 2023
-----
6. Debtors
2024
2023
£
£
Trade debtors
10,469
5,203
Amounts owed by group undertakings and undertakings in which the company has a participating interest
46,870
18,940
Other debtors
435
638
---------
---------
57,774
24,781
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,691
2,893
Corporation tax
4,543
4,357
Social security and other taxes
7,077
3,073
Other creditors
44,774
25,476
---------
---------
60,085
35,799
---------
---------
8. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.
9. Controlling party
The company is a 100% subsidiary of Angel Tutor Limited, a company registered in England & Wales (Company registration number 14510557). There is no single ultimate controlling party.