General Information
Winchmore Tutors Ltd is a private company, limited by shares, registered in England and Wales, registration number 06751961, registration address Carlton House, 19 West Street, Epsom, KT18 7RL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth, expect that the company will return to profitability in the near future, and that it is well placed to manage its business risks successfully. The company's investors have committed to provide the company with further funding, should this be required.
Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment - Straight Line over |
3 years |
| Plant and machinery etc - Straight Line over |
3 years |
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Leased assets accounting disclosure and treatment is in accordance with the IFRS 16 legislation.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 9 (2024 : 11).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
- |
|
- |
| Additions |
36,692 |
|
36,692 |
| Disposals |
- |
|
- |
| At 31 August 2025 |
36,692 |
|
36,692 |
| Amortisation |
| At 01 September 2024 |
- |
|
- |
| Charge for year |
9,980 |
|
9,980 |
| On disposals |
- |
|
- |
| At 31 August 2025 |
9,980 |
|
9,980 |
| Net book values |
| At 31 August 2025 |
26,712 |
|
26,712 |
| At 31 August 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 September 2024 |
150,465 |
|
134,049 |
|
284,514 |
| Additions |
- |
|
1,692 |
|
1,692 |
| Disposals |
- |
|
- |
|
- |
| At 31 August 2025 |
150,465 |
|
135,741 |
|
286,206 |
| Depreciation |
| At 01 September 2024 |
50,070 |
|
122,509 |
|
172,579 |
| Charge for year |
25,830 |
|
9,304 |
|
35,134 |
| On disposals |
- |
|
- |
|
- |
| At 31 August 2025 |
75,900 |
|
131,813 |
|
207,713 |
| Net book values |
| Closing balance as at 31 August 2025 |
74,565 |
|
3,928 |
|
78,493 |
| Opening balance as at 01 September 2024 |
100,395 |
|
11,540 |
|
111,935 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
555,339 |
|
390,467 |
| Prepayments & Accrued Income |
4,405 |
|
12,967 |
| Deposits paid |
4,915 |
|
4,200 |
| Other Debtors |
1,382 |
|
24,512 |
|
566,041 |
|
432,146 |
|
| 5. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
142,756 |
|
142,756 |
|
142,756 |
|
142,756 |
Loans to Directors
Loans to directors (Laura Hunter) £114,175 (2024: £114,175). The loan is interest free, and there are no repayment terms.
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
444,306 |
|
490,545 |
| Bank Loans & Overdrafts |
5,551 |
|
6,210 |
| PAYE & Social Security |
12,063 |
|
13,108 |
| Accrued Expenses |
30,936 |
|
19,464 |
| Other Creditors |
0 |
|
(1,160) |
| Obligations under HP/Financial Leases |
24,862 |
|
25,759 |
| Wages & Salaries Control Account |
124 |
|
235 |
| VAT |
157,991 |
|
118,198 |
|
675,833 |
|
672,359 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
22,237 |
|
27,019 |
| Other Creditors |
2,310,970 |
|
2,310,970 |
| Obligations Under HP/Financial Leases |
49,670 |
|
74,602 |
|
2,382,877 |
|
2,412,591 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Pension Provisions |
1,453 |
|
1,487 |
|
1,453 |
|
1,487 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1,000
Class A shares of £1.00 each |
1,000 |
|
1,000 |
|
1,000 |
|
1,000 |
|
| 10. |
Share premium account
|
2025
£ |
|
2024
£ |
| Equity Share Premium b/fwd |
249,450 |
|
249,450 |
|
249,450 |
|
249,450 |
|
| 11. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Umbrella Companies | (856,839) | | (686,289) | | (392,699) | | (444,004) |
During the year the company received the services from related parties The shareholding is diversified enough to ensure that there is no ultimate controlling party. |
| 12. |
Guarantees
Investor Loan The investor loan is secured over the assets of the business and underwritten by personal guarantees of the director. The investor loan is interest free and there are no agreed repayment terms. | Maximum Liability Incurred | | Amount Paid |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Investor Loan | 2,310,970 | | 2,310,970 | | 0 | | 0 | | 2310970 | | 2310970 | | 0 | | 0 |
|
3
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