Company Registration No. 08188758 (England and Wales)
Exams Ltd
Financial Statements
for the year ended 31 August 2025
Exams Ltd
Financial Statements
Contents
Exams Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
13,365
11,130
Cash at bank and in hand
4,216
8,530
Creditors: amounts falling due within one year
(41,143)
(8,572)
Net current (liabilities)/assets
(1,380)
6,480
Total assets less current liabilities
11,985
17,610
Creditors: amounts falling due after more than one year
(22,440)
(29,097)
Net liabilities
(10,455)
(11,487)
Called up share capital
1
1
Profit and loss account
(10,456)
(11,488)
Shareholders' funds
(10,455)
(11,487)
For the year ending 31 August 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by
J Holborow
Director
Company Registration No. 08188758
Exams Ltd
Notes to the Accounts
for the year ended 31 August 2025
Exams Ltd is a private company, limited by shares, registered in England and Wales, registration number 08188758. The registered office is 75 Whitegate Gardens, Harrow, Middlesex, HA3 6BW, 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.
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company recognises revenue from the provision of educational support services.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation
and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
At the time of approving the financial statements, the directors have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt
the going concern basis of accounting in preparing the financial statements.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Exams Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2024
5,453
19,115
24,568
At 31 August 2025
11,065
19,115
30,180
At 1 September 2024
2,410
11,028
13,438
Charge for the year
2,164
1,213
3,377
At 31 August 2025
4,574
12,241
16,815
At 31 August 2025
6,491
6,874
13,365
At 31 August 2024
3,043
8,087
11,130
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,532
4,532
Taxes and social security
32,251
707
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
22,233
23,711
8
Transactions with related parties
Included in other creditors is a balance of £1,500 due to the directors. There are no terms as to interest or repayment in respect of this balance and the loan has been provided unsecured.
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).