YMG Education Limited - Accounts to registrar (filleted) - small 18.2

YMG Education Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07548150 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2019

for

YMG Education Limited

YMG Education Limited (Registered number: 07548150)






Contents of the Financial Statements
for the Year Ended 31st March 2019




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


YMG Education Limited

Company Information
for the Year Ended 31st March 2019







DIRECTORS: Ms Y M Gandy
Ms L E Maisonneuve





SECRETARY:





REGISTERED OFFICE: 11 Main Road
Goostrey
Crewe
Cheshire
CW4 8NH





REGISTERED NUMBER: 07548150 (England and Wales)

YMG Education Limited (Registered number: 07548150)

Abridged Statement of Financial Position
31st March 2019

31/3/19 31/3/18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,513 6,018
Tangible assets 5 1,591 1,397
6,104 7,415

CURRENT ASSETS
Debtors 3,541 14,694
Cash at bank and in hand 81,460 27,549
85,001 42,243
CREDITORS
Amounts falling due within one year 54,224 19,515
NET CURRENT ASSETS 30,777 22,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,881

30,143

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,781 30,043
SHAREHOLDERS' FUNDS 36,881 30,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

YMG Education Limited (Registered number: 07548150)

Abridged Statement of Financial Position - continued
31st March 2019


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 24th December 2019 and were signed on its behalf
by:





Ms Y M Gandy - Director


YMG Education Limited (Registered number: 07548150)

Notes to the Financial Statements
for the Year Ended 31st March 2019

1. STATUTORY INFORMATION

YMG Education Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership
have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors and directors loans.

Directors loans (being repayable on demand ) and trade debtors are measured at the undiscounted amount of the
cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the
statement of income and Retained Earnings.

3. EMPLOYEES AND DIRECTORS

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

YMG Education Limited (Registered number: 07548150)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2019

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2018
and 31st March 2019 20,060
AMORTISATION
At 1st April 2018 14,042
Amortisation for year 1,505
At 31st March 2019 15,547
NET BOOK VALUE

At 31st March 2019 4,513
At 31st March 2018 6,018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2018 4,811
Additions 1,391
Disposals (1,383 )
At 31st March 2019 4,819
DEPRECIATION
At 1st April 2018 3,414
Charge for year 1,152
Eliminated on disposal (1,338 )
At 31st March 2019 3,228
NET BOOK VALUE
At 31st March 2019 1,591
At 31st March 2018 1,397

6. ULTIMATE CONTROLLING PARTY

Ms Y Gandy and Ms L Maisonneuve, the directors, control the company by virtue of holding 100% of the issued
ordinary share capital.