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REGISTERED NUMBER: 08124220 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

INICIO Tutors Ltd

INICIO Tutors Ltd (Registered number: 08124220)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

INICIO Tutors Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Adam James Ludden-Roughley
Sarah Louise Ludden-Roughley





REGISTERED OFFICE: Bennett's Place Courtyard
30-31 High Street
Market Harborough
Leicestershire
LE16 7NL





REGISTERED NUMBER: 08124220 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

INICIO Tutors Ltd (Registered number: 08124220)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,371 24,016

CURRENT ASSETS
Debtors 5 102,367 100,784
Cash at bank 15,335 7,746
117,702 108,530
CREDITORS
Amounts falling due within one year 6 77,264 58,611
NET CURRENT ASSETS 40,438 49,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,809

73,935

CREDITORS
Amounts falling due after more than one year 7 11,373 21,594
NET ASSETS 46,436 52,341

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 46,426 52,331
SHAREHOLDERS' FUNDS 46,436 52,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INICIO Tutors Ltd (Registered number: 08124220)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




Adam James Ludden-Roughley - Director



Sarah Louise Ludden-Roughley - Director


INICIO Tutors Ltd (Registered number: 08124220)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

INICIO Tutors Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 37 (2023 - 29 ) .

INICIO Tutors Ltd (Registered number: 08124220)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 77,085
Disposals (19,142 )
At 30 September 2024 57,943
DEPRECIATION
At 1 October 2023 53,069
Charge for year 6,425
Eliminated on disposal (18,922 )
At 30 September 2024 40,572
NET BOOK VALUE
At 30 September 2024 17,371
At 30 September 2023 24,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 92,332 90,657
Other debtors 10,035 10,127
102,367 100,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,362 1,449
Taxation and social security 32,362 25,344
Other creditors 43,540 31,818
77,264 58,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 11,373 21,594

INICIO Tutors Ltd (Registered number: 08124220)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10 Ordinary 1 10 10

9. OTHER FINANCIAL COMMITMENTS

The company has other financial commitments in form of an operating lease amounting to £10,194 (2023: £18,931).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs Ludden-Roughley.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
INICIO Tutors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of INICIO Tutors Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm 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/rulebook.

This report is made solely to the Board of Directors of INICIO Tutors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of INICIO Tutors Ltd and state those matters that we have agreed to state to the Board of Directors of INICIO Tutors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that INICIO Tutors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of INICIO Tutors Ltd. You consider that INICIO Tutors Ltd 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 financial statements of INICIO Tutors Ltd. 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 financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


15 May 2025