Achieve Learning Centres Limited
Achieve Learning Centres Limited
Registered number: 05069689
Financial Statements
For The Year Ended 30 June 2018
Gillespie's
Achieve Learning Centres Limited
Financial Statements
For The Year Ended 30 June 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Achieve Learning Centres Limited
Balance Sheet
As at
30 June 2018
Balance Sheet
Registered number:
05069689
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 95,448 | 69,499 | |||
Page 1
Achieve Learning Centres Limited
Balance Sheet (continued)
As at
30 June 2018
Director's responsibilities
-
The member has 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Achieve Learning Centres Limited
Notes to the Financial Statements
For The Year Ended 30 June 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
|
| Computer Equipment |
|
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
4.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at |
|
|
|
| As at |
|
|
|
| Depreciation | |||
| As at |
|
|
|
| Provided during the period |
|
|
|
| As at |
|
|
|
| Net Book Value | |||
| As at |
|
|
|
| As at |
|
|
|
Page 3
Achieve Learning Centres Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2018
5.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
|
|
|
| Director's loan account | 20,695 | 20,695 | |
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
8.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Firoz Jetha |
|
|
|
- |
|
The above loan is unsecured, interest free and repayable on demand.
9.
Ultimate Controlling Party
The company's ultimate controlling party is Firoz Jetha and together with the members of his family ownes 100% of the issued share capital in the company.
10.
General Information
Achieve Learning Centres Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05069689 . The registered office is 431 Kenton Road, Kenton, Middlesex, HA3 0XY.
Page 4