Registered number
03915611
Nacel English School London Ltd
Filleted Accounts
31 December 2024
Nacel English School London Ltd
Registered number: 03915611
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 99,753 127,358
Current assets
Debtors 4 13,770 16,442
Cash at bank and in hand 341,467 404,369
355,237 420,811
Creditors: amounts falling due within one year 5 (410,397) (377,409)
Net current (liabilities)/assets (55,160) 43,402
Total assets less current liabilities 44,593 170,760
Creditors: amounts falling due after more than one year 6 (163,165) (361,968)
Net liabilities (118,572) (191,208)
Capital and reserves
Called up share capital 2 2
Profit and loss account (118,574) (191,210)
Shareholders' funds (118,572) (191,208)
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.
Mr Laurent Lucien Jean Huc
Director
Approved by the board on 17 June 2025
Nacel English School London Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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:
Leasehold improvements 20% wdv
Fixtures, fittings, tools and equipment 25% wdv
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 128,971 275,862 404,833
Additions - 2,847 2,847
At 31 December 2024 128,971 278,709 407,680
Depreciation
At 1 January 2024 87,004 190,471 277,475
Charge for the year 8,393 22,059 30,452
At 31 December 2024 95,397 212,530 307,927
Net book value
At 31 December 2024 33,574 66,179 99,753
At 31 December 2023 41,967 85,391 127,358
4 Debtors 2024 2023
£ £
Trade debtors 13,250 6,650
Other debtors 520 9,792
13,770 16,442
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accrued expenses 6,743 85,380
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 520
Taxation and social security costs 14,795 6,192
Other creditors 50,782 32,704
Deferred income 93,569 51,593
Advance received 244,508 201,020
410,397 377,409
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 163,165 361,968
7 Related party transactions
The long term creditor includes amounts due to the parent company , Media Travel SA,
totalling £163,165 (2023 £361,968).
8 Controlling party
The ultimate control of the company is held by Mrs Marie José HUC and Mr François Jean HUC, neither occupying a function of director in the company.
9 Other information
Nacel English School London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
53 Ballards Lane
Finchley Central
London
N3 1XP
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