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Company registration number: 04987410
Advance Educational Services Limited
Unaudited filleted financial statements
31 May 2025
Advance Educational Services Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Advance Educational Services Limited
Directors and other information
Directors Mrs H Malik
Mr A N Malik
Company number 04987410
Registered office Mill Hill Library
Hartley Avenue
London
NW7 2HX
Accountants Passer & Co
20 Sunningdale Close
Stanmore
Middlesex
HA7 3QL
Advance Educational Services Limited
Statement of financial position
31 May 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1 1
_______ _______
1 1
Current assets
Debtors 6 5,905 5,888
Cash at bank and in hand 6,238 15,124
_______ _______
12,143 21,012
Creditors: amounts falling due
within one year 7 ( 9,921) ( 9,975)
_______ _______
Net current assets 2,222 11,037
_______ _______
Total assets less current liabilities 2,223 11,038
Creditors: amounts falling due
after more than one year 8 ( 6,985) ( 24,500)
_______ _______
Net liabilities ( 4,762) ( 13,462)
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account ( 5,762) ( 14,462)
_______ _______
Shareholders deficit ( 4,762) ( 13,462)
_______ _______
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
Mrs H Malik
Director
Company registration number: 04987410
Advance Educational Services Limited
Statement of changes in equity
Year ended 31 May 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 June 2023 1,000 ( 22,231) ( 21,231)
Profit for the year 7,769 7,769
_______ _______ _______
Total comprehensive income for the year - 7,769 7,769
_______ _______ _______
At 31 May 2024 and 1 June 2024 1,000 ( 14,462) ( 13,462)
Profit for the year 8,700 8,700
_______ _______ _______
Total comprehensive income for the year - 8,700 8,700
_______ _______ _______
At 31 May 2025 1,000 ( 5,762) ( 4,762)
_______ _______ _______
Advance Educational Services Limited
Notes to the financial statements
Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mill Hill Library, Hartley Avenue, London, NW7 2HX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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. In this case, tax is 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. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 June 2024 and 31 May 2025 952 952
_______ _______
Depreciation
At 1 June 2024 and 31 May 2025 951 951
_______ _______
Carrying amount
At 31 May 2025 1 1
_______ _______
At 31 May 2024 1 1
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 3,931 4,011
Other debtors 1,974 1,877
_______ _______
5,905 5,888
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Social security and other taxes 1,263 1,317
Other creditors 8,658 8,658
_______ _______
9,921 9,975
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 6,985 24,500
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs H Malik ( 6,901) - ( 6,901)
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs H Malik ( 10,428) 3,527 ( 6,901)
_______ _______ _______
10. Controlling party
The Company is controlled by the Director by virtue of her majority share holding.