COMPANY REGISTRATION NUMBER:
11222319
|
Exclusive Butler School Ltd |
|
|
Filleted Unaudited Financial Statements |
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|
Exclusive Butler School Ltd |
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Statement of Financial Position |
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30 April 2025
Fixed assets
|
Tangible assets |
4 |
7,919 |
5,678 |
|
|
|
|
Current assets
|
Debtors |
5 |
42,995 |
622,753 |
|
Cash at bank and in hand |
1 |
– |
|
-------- |
--------- |
|
42,996 |
622,753 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
47,782 |
650,351 |
|
-------- |
--------- |
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Net current liabilities |
4,786 |
27,598 |
|
------- |
-------- |
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Total assets less current liabilities |
3,133 |
(
21,920) |
|
|
|
|
|
Provisions |
1,013 |
(
1,079) |
|
------- |
-------- |
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Net assets/(liabilities) |
2,120 |
(
20,841) |
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------- |
-------- |
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
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Profit and loss account |
2,119 |
(
20,842) |
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------- |
-------- |
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Shareholders funds/(deficit) |
2,120 |
(
20,841) |
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------- |
-------- |
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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 income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Exclusive Butler School Ltd |
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Statement of Financial Position (continued) |
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30 April 2025
These financial statements were approved by the
board of directors
and authorised for issue on
29 April 2026
, and are signed on behalf of the board by:
Company registration number:
11222319
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Exclusive Butler School Ltd |
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Notes to the Financial Statements |
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Year ended 30 April 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 Golfmount, 38 Pigeon Lane, Herne Bay, Kent, CT67ES, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
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Motor vehicles |
- |
25% reducing balance |
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Equipment |
- |
33% straight line |
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|
|
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Tangible assets
|
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 May 2024 |
20,208 |
9,553 |
29,761 |
|
Additions |
– |
4,084 |
4,084 |
|
-------- |
-------- |
-------- |
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At 30 April 2025 |
20,208 |
13,637 |
33,845 |
|
-------- |
-------- |
-------- |
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Depreciation |
|
|
|
|
At 1 May 2024 |
15,577 |
8,506 |
24,083 |
|
Charge for the year |
1,158 |
685 |
1,843 |
|
-------- |
-------- |
-------- |
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At 30 April 2025 |
16,735 |
9,191 |
25,926 |
|
-------- |
-------- |
-------- |
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Carrying amount |
|
|
|
|
At 30 April 2025 |
3,473 |
4,446 |
7,919 |
|
-------- |
-------- |
-------- |
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At 30 April 2024 |
4,631 |
1,047 |
5,678 |
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-------- |
-------- |
-------- |
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5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
30,185 |
46,647 |
|
Other debtors |
12,810 |
576,106 |
|
-------- |
--------- |
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42,995 |
622,753 |
|
-------- |
--------- |
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|
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
10,361 |
4,330 |
|
Trade creditors |
14,221 |
8,768 |
|
Corporation tax |
17,210 |
4,706 |
|
Social security and other taxes |
3,990 |
10,547 |
|
Other creditors |
2,000 |
622,000 |
|
-------- |
--------- |
|
47,782 |
650,351 |
|
-------- |
--------- |
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7.
Director's advances, credits and guarantees
During the year, the director took advances of £44,550 and made repayments of £31,500. Interest of £429 was charged at a rate of 2.25%
8.
Related party transactions
At the year end the company was owed £Nil (2024: £575,939) from a company connected by common control.
At the year end the company was owed £12,810 (2024: £nil) by the director.