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Registered number: 06464163
Not Going To Uni Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
HJO Tax Consultancy
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Not Going To Uni Limited for the year ended 31 August 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Not Going To Uni Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Not Going To Uni Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Not Going To Uni Limited and state those matters that we have agreed to state to the directors of Not Going To Uni Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Not Going To Uni Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Not Going To Uni 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 or loss of Not Going To Uni Limited . You consider that Not Going To Uni 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 Not Going To Uni 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 financial statements.
15/05/2025
HJO Tax Consultancy
Chartered Certified Accountant
100 Wulfstan Way
Cambridge
CB1 8QJ
Page 1
Page 2
Statement of Financial Position
Registered number: 06464163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,688 5,750
Tangible Assets 5 31,934 43,012
43,622 48,762
CURRENT ASSETS
Debtors 6 527,010 500,842
Cash at bank and in hand 74,880 101,729
601,890 602,571
Creditors: Amounts Falling Due Within One Year 7 (356,734 ) (362,671 )
NET CURRENT ASSETS (LIABILITIES) 245,156 239,900
TOTAL ASSETS LESS CURRENT LIABILITIES 288,778 288,662
Creditors: Amounts Falling Due After More Than One Year 8 (32,101 ) (50,586 )
NET ASSETS 256,677 238,076
CAPITAL AND RESERVES
Called up share capital 9 300 300
Share premium account 11,902 11,902
Income Statement 244,475 225,874
SHAREHOLDERS' FUNDS 256,677 238,076
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Page 3
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 Income Statement.
On behalf of the board
Mr Brian Killman
Director
15/05/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Not Going To Uni Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06464163 . The registered office is Ability House M25 Business Centre, 121 Brooker Road, Waltham Abbey, EN9 1JH.
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 recognised when the service is provided. Therefore, invoiced amounts are recognised over the course of the sales contract. Turnover represents the net recognised sales, excluding value added tax.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation amd any accumulated impairment losses.

Website development costs incurred prior to 1 September 2014 have been fully amortised. Costs since that date have been expensed as incurred.
2.4. 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, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 25% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 September 2023 418,704
Additions 11,601
As at 31 August 2024 430,305
Amortisation
As at 1 September 2023 412,954
Provided during the period 5,663
As at 31 August 2024 418,617
Net Book Value
As at 31 August 2024 11,688
As at 1 September 2023 5,750
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 28,520 25,995 7,925 86,173 148,613
Additions - - - 250 250
As at 31 August 2024 28,520 25,995 7,925 86,423 148,863
Depreciation
As at 1 September 2023 6,158 8,374 7,925 83,144 105,601
Provided during the period 5,704 4,699 - 925 11,328
As at 31 August 2024 11,862 13,073 7,925 84,069 116,929
Net Book Value
As at 31 August 2024 16,658 12,922 - 2,354 31,934
As at 1 September 2023 22,362 17,621 - 3,029 43,012
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,155 105,641
Prepayments and accrued income 6,528 7,874
Other debtors 5,022 5,022
74,705 118,537
Due after more than one year
Amounts owed by group undertakings 452,305 382,305
527,010 500,842
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,974 10,032
Other taxes and social security 15,181 15,936
VAT 8,000 22,952
Other creditors 69,757 78,942
Deferred income 233,822 234,809
356,734 362,671
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,334 28,334
Other loans 13,767 22,252
32,101 50,586
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 100,000
Page 6