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Registered Number: 10385941
England and Wales

 

 

 

WORLD ALTERNATIVE EDUCATION LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 798    798 
Tangible fixed assets 4 77,176    32,763 
Investments 5 300,250    250,250 
378,224    283,811 
Current assets      
Debtors 6 106,618    35,783 
Cash at bank and in hand 172,346    161,114 
278,964    196,897 
Creditors: amount falling due within one year 7 (159,477)   (131,048)
Net current assets 119,487    65,849 
 
Total assets less current liabilities 497,711    349,660 
Creditors: amount falling due after more than one year 8   (19,167)
Provisions for liabilities 9 (19,294)   (1,664)
Net assets 478,417    328,829 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 478,317    328,729 
Shareholders' funds 478,417    328,829 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 20 June 2025 and were signed by:


-------------------------------
A G Burlison
Director
1
General Information
World Alternative Education Limited is a private company, limited by shares, registered in England and Wales, registration number 10385941, registration address 26 Ewesley Road, Sunderland, Tyne and Wear, SR4 7RJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, 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. 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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Cherished number plate is being amortised evenly over its estimated useful life of nil years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 5).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 October 2023 798    798 
Additions  
Disposals  
At 30 September 2024 798    798 
Net book values
At 30 September 2024 798    798 
At 30 September 2023 798    798 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 October 2023 11,571    68,144    3,274    4,425    87,414 
Additions 991    58,976    648    2,263    62,878 
Disposals   (7,000)       (7,000)
At 30 September 2024 12,562    120,120    3,922    6,688    143,292 
Depreciation
At 01 October 2023 9,912    40,880    1,438    2,421    54,651 
Charge for year 921    14,516    332    1,065    16,834 
On disposals   (5,369)       (5,369)
At 30 September 2024 10,833    50,027    1,770    3,486    66,116 
Net book values
Closing balance as at 30 September 2024 1,729    70,093    2,152    3,202    77,176 
Opening balance as at 01 October 2023 1,659    27,264    1,836    2,004    32,763 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 October 2023 250,250    250,250 
Additions 50,000    50,000 
Transfer to/from tangible fixed assets  
Disposals  
At 30 September 2024 300,250    300,250 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 71,305    30,782 
Prepayments & Accrued Income 5,312    5,001 
Other Debtors 30,001   
106,618    35,783 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts   10,000 
Corporation Tax 58,284    23,126 
PAYE & Social Security 4,084    1,559 
Accrued Expenses 4,360    8,685 
Advance Paid 92,428    85,456 
Directors' Current Accounts 321    2,222 
159,477    131,048 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   19,167 
  19,167 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 19,294    1,664 
19,294    1,664 

10.

Directors advances, credits and guarantees

Included in creditors: amounts falling due within one year are amounts owed to Director from the Company of £321 (2023 - £2,222).
2