Company Registration No. 11021863 (England and Wales)
VEL EDUCATION LIMITED
Unaudited accounts
for the year ended 31 October 2024
VEL EDUCATION LIMITED
Unaudited accounts
Contents
VEL EDUCATION LIMITED
Company Information
for the year ended 31 October 2024
Director
DHAMODARAN SRINIVASAN
Company Number
11021863 (England and Wales)
Registered Office
Cambridge Tutors College
Water Tower Hill
Croydon
Surrey
CR0 5SX
England
Accountants
RITHRISH ACCOUNTANCY
44 CALBROKE ROAD
SLOUGH
BERKSHIRE
SL2 2HQ
VEL EDUCATION LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
3,522,816
-
Cash at bank and in hand
31,354
11,776
Creditors: amounts falling due within one year
(4,445,216)
(3,378,378)
Net current (liabilities)/assets
(3,970,683)
376,666
Net (liabilities)/assets
(447,866)
376,666
Called up share capital
300,001
300,001
Profit and loss account
(747,867)
76,665
Shareholders' funds
(447,866)
376,666
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
DHAMODARAN SRINIVASAN
Director
Company Registration No. 11021863
VEL EDUCATION LIMITED
Notes to the Accounts
for the year ended 31 October 2024
VEL EDUCATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11021863. The registered office is Cambridge Tutors College, Water Tower Hill, Croydon, Surrey, CR0 5SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
VEL EDUCATION LIMITED
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
-
-
-
-
Additions
3,248,119
262,650
54,869
3,565,638
At 31 October 2024
3,248,119
262,650
54,869
3,565,638
Charge for the year
21,654
17,510
3,658
42,822
At 31 October 2024
21,654
17,510
3,658
42,822
At 31 October 2024
3,226,465
245,140
51,211
3,522,816
Amounts falling due within one year
Accrued income and prepayments
89,998
20,000
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
226,299
4,539
Taxes and social security
496,719
19,584
Other creditors
3,172,796
3,329,075
Loans from directors
50,000
-
8
Average number of employees
During the year the average number of employees was 17 (2023: 0).