Cambridge Tuition Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11147040 (England and Wales)

Unaudited Financial Statements

for the Period 12 January 2018 to 31 January 2019

for

Cambridge Tuition Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Kerrison

Mrs L A Kerrison

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

BUSINESS ADDRESS:

6A Emson Close

Saffron Walden

Essex

CB10 1HL

REGISTERED NUMBER:

11147040 (England and Wales)

FIXED ASSETS

Tangible assets

5

6,673

CURRENT ASSETS

Debtors

6

38,652

Cash at bank

49,724

88,376

CREDITORS

Amounts falling due within one year

7

(65,953

)

NET CURRENT ASSETS

22,423

TOTAL ASSETS LESS CURRENT LIABILITIES

29,096

PROVISIONS FOR LIABILITIES

(17

)

NET ASSETS

29,079

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

29,077

29,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 October 2019 and were signed on its behalf by:

Mrs L A Kerrison - Director

Mr R J Kerrison - Director

1.	STATUTORY INFORMATION

Cambridge Tuition Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Income from tutoring services which are supplied directly to end user clients is accounted for under the agency

model.

The agency model recognises revenue as the difference between the amount paid by the end user and the

amount paid to the tutor, less VAT.

Income from services which are supplied to business clients (I.E. not directly to end users) is measured at the

fair value of the consideration receivable, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes,

in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at

a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

8,900

At 31 January 2019

8,900

DEPRECIATION

Charge for period

2,227

At 31 January 2019

2,227

NET BOOK VALUE

At 31 January 2019

6,673

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

5,675

At 31 January 2019

5,675

DEPRECIATION

Charge for period

1,419

At 31 January 2019

1,419

NET BOOK VALUE

At 31 January 2019

4,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

37,794

Other debtors

858

38,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

4,674

Trade creditors

28,607

Taxation and social security

27,652

Other creditors

5,020

65,953