Registered number
09800953
EDUCATION AND ASSESSMENT LTD
Filleted Accounts
31 March 2025
EDUCATION AND ASSESSMENT LTD
Registered number: 09800953
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 5,000 5,000
Tangible assets 4 8,596 10,484
13,596 15,484
Current assets
Cash at bank and in hand 106,286 16,704
Creditors: amounts falling due within one year 5 (17,052) (6,830)
Net current assets 89,234 9,874
Total assets less current liabilities 102,830 25,358
Creditors: amounts falling due after more than one year 6 (93,001) (34,475)
Net assets/(liabilities) 9,829 (9,117)
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,828 (9,118)
Shareholders' funds 9,829 (9,117)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
_________
Yasir Idris
Director
Approved by the board on 24 June 2025
EDUCATION AND ASSESSMENT LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Furniture, fixtures & fittings 18% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 5,000
At 31 March 2025 5,000
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 5,000
At 31 March 2024 5,000
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 17,715 601 18,316
At 31 March 2025 17,715 601 18,316
Depreciation
At 1 April 2024 7,562 270 7,832
Charge for the year 1,828 60 1,888
At 31 March 2025 9,390 330 9,720
Net book value
At 31 March 2025 8,325 271 8,596
At 31 March 2024 10,153 331 10,484
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 5,718 6,830
Taxation and social security costs 3,139 -
Other creditors 8,195 -
17,052 6,830
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 93,001 34,475
7 Other information
EDUCATION AND ASSESSMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
15 Leopold Street
Birmingham
England
B12 0UP
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