Outstanding Education Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08501014 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Outstanding Education Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C E Taylor

Mrs J J Pattison

REGISTERED OFFICE:

Grange Court

Pinsley Road

Leominster

Herefordshire

HR6 8NL

REGISTERED NUMBER:

08501014 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Units 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

1,703

1,488

CURRENT ASSETS

Debtors

5

53,275

36,870

Cash at bank

10,248

8,171

63,523

45,041

CREDITORS

Amounts falling due within one year

6

53,428

47,752

NET CURRENT ASSETS/(LIABILITIES)

10,095

(2,711

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,798

(1,223

)

PROVISIONS FOR LIABILITIES

324

283

NET ASSETS/(LIABILITIES)

11,474

(1,506

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11,472

(1,508

)

11,474

(1,506

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 3 December 2019 and were signed on its behalf by:

Mrs C E Taylor - Director

1.	STATUTORY INFORMATION

Outstanding Education Solutions 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the period exclusive of

Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2018

1,754

1,591

3,345

Additions

-

607

607

Reclassification/transfer

1,297

(1,297

)

-

At 31 August 2019

3,051

901

3,952

DEPRECIATION

At 1 September 2018

1,754

103

1,857

Charge for year

324

68

392

At 31 August 2019

2,078

171

2,249

NET BOOK VALUE

At 31 August 2019

973

730

1,703

At 31 August 2018

-

1,488

1,488

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

53,275

36,870

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

245

-

Taxation and social security

52,041

45,922

Other creditors

1,142

1,830

53,428

47,752

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2019 and

31 August 2018:

2019

2018

£

£

Mrs C E Taylor

Balance outstanding at start of year

1,557

1,557

Amounts repaid

(1,557

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,557

Mrs J J Pattison

Balance outstanding at start of year

1,512

1,512

Amounts repaid

(1,512

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,512