Registered number
10275437
Redbridge Tuition Limited
Unaudited Filleted Accounts
31 July 2024
Redbridge Tuition Limited
Registered number: 10275437
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 60,996 68,620
Tangible assets 4 7,781 10,375
68,777 78,995
Current assets
Debtors 5 88,775 86,655
Cash at bank and in hand 798 909
89,573 87,564
Creditors: amounts falling due within one year 6 (131,795) (134,672)
Net current liabilities (42,222) (47,108)
Total assets less current liabilities 26,555 31,887
Creditors: amounts falling due after more than one year 7 (29,149) (30,264)
Net (liabilities)/assets (2,594) 1,623
Capital and reserves
Called up share capital 101 101
Profit and loss account (2,695) 1,522
Shareholders' funds (2,594) 1,623
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.
R Harji
Director
Approved by the board on 24 July 2025
Redbridge Tuition Limited
Notes to the Accounts
for the year ended 31 July 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.
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 25% reducing balance method
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.
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 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 90,941
At 31 July 2024 90,941
Amortisation
At 1 August 2023 22,321
Provided during the year 7,624
At 31 July 2024 29,945
Net book value
At 31 July 2024 60,996
At 31 July 2023 68,620
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 44,915
At 31 July 2024 44,915
Depreciation
At 1 August 2023 34,540
Charge for the year 2,594
At 31 July 2024 37,134
Net book value
At 31 July 2024 7,781
At 31 July 2023 10,375
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 53,177 58,195
Other debtors 35,598 28,460
88,775 86,655
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,735 3,333
Trade creditors 3,846 3,681
Amounts owed to group undertakings and undertakings in which the company has a participating interest 27,651 33,241
Taxation and social security costs 15,935 13,205
Other creditors 82,628 81,212
131,795 134,672
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,149 30,264
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R Harji 17,308 1,398 (6,100) 12,606
P Harji 4,413 30,874 (18,417) 16,870
J Strange 6,739 16,887 (16,741) 6,885
28,460 49,159 (41,258) 36,361
9 Other information
Redbridge Tuition Limited is a private company limited by shares and incorporated in England. Its registered office is:
142 Station Road
Chingford
London
E4 6AN
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