Company Registration No. 11574311 (England and Wales)
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD
Unaudited accounts
for the year ended 30 September 2024
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD
Unaudited accounts
Contents
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD
Company Information
for the year ended 30 September 2024
Company Number
11574311 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
GREATER LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Lams Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD
Statement of financial position
as at 30 September 2024
Tangible assets
3,437
1,586
Cash at bank and in hand
7,529
2,541
Creditors: amounts falling due within one year
(22,006)
(21,119)
Net current liabilities
(11,477)
(12,578)
Total assets less current liabilities
(8,040)
(10,992)
Creditors: amounts falling due after more than one year
(599)
-
Net liabilities
(8,639)
(10,992)
Called up share capital
900
900
Capital redemption reserve
100
100
Profit and loss account
(9,639)
(11,992)
Shareholders' funds
(8,639)
(10,992)
For the year ending 30 September 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 director acknowledges her 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 and authorised for issue on 5 June 2025 and were signed on its behalf by
Xuanzi ZHU
Director
Company Registration No. 11574311
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD
Notes to the Accounts
for the year ended 30 September 2024
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD is a private company, limited by shares, registered in England and Wales, registration number 11574311. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
20% Reducing Balance
Computer equipment
25% Reducing Balance
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.
ORIGIN EDUCATION UK INTERNATIONAL CULTURAL EXCHANGE LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,064
1,746
2,810
At 30 September 2024
1,064
4,428
5,492
At 1 October 2023
442
782
1,224
Charge for the year
124
707
831
At 30 September 2024
566
1,489
2,055
At 30 September 2024
498
2,939
3,437
At 30 September 2023
622
964
1,586
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
117
-
Taxes and social security
2,147
(84)
Loans from directors
19,715
20,893
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
599
-
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).