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Registered Number: 07551976
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 March 2025

for

QT EDUCATION LTD

 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 992    1,322 
992    1,322 
Current assets      
Debtors 4 176,575    167,866 
Cash at bank and in hand 867,016    718,995 
1,043,591    886,861 
Creditors: amount falling due within one year 5 (352,448)   (313,423)
Net current assets 691,143    573,438 
 
Total assets less current liabilities 692,135    574,760 
Provisions for liabilities 6 (248)   (331)
Net assets 691,887    574,429 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 691,886    574,428 
Shareholders' funds 691,887    574,429 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 board of directors on 10 July 2025 and were signed on its behalf by:


-------------------------------
J Farrant
Director
1
General Information
QT Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 07551976, registration address 24 Phoenix Way , Portishead, Bristol, BS20 7JJ.

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 – 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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
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.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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:
Computer Equipment 25% Reducing Balance
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 74 (2024 : 73).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2024 8,129    8,129 
Additions  
Disposals  
At 31 March 2025 8,129    8,129 
Depreciation
At 01 April 2024 6,807    6,807 
Charge for year 330    330 
On disposals  
At 31 March 2025 7,137    7,137 
Net book values
Closing balance as at 31 March 2025 992    992 
Opening balance as at 01 April 2024 1,322    1,322 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 176,575    167,565 
Prepayments & Accrued Income   301 
176,575    167,866 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors   561 
Corporation Tax 72,569    58,155 
PAYE & Social Security 53,346    4,898 
Accruals 16,280    4,106 
Wages & Salaries Control Account 44,359    1,667 
Pension contributions unpaid 3,991    4,444 
Directors' Current Accounts 2,705    2,393 
VAT 159,198    237,199 
352,448    313,423 

6.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 248    331 
248    331 

2