The Read School Enterprises Limited Filleted accounts for Companies House (small and micro)

THE READ SCHOOL ENTERPRISES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03567217

The Read School Enterprises Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2019

The Read School Enterprises Limited

Statement of Financial Position

31 August 2019

	2019		2018
Note	£	£	£	£

Current assets

Debtors	5	3,581	3,233
Cash at bank and in hand		1,477	65
		-------	-------
		5,058	3,298

Creditors: amounts falling due within one year	6	3,833		3,451
		-------		-------
Net current assets/(liabilities)			1,225		( 153)
			-------		----
Total assets less current liabilities			1,225		( 153)
			-------		----

Capital and reserves

Called up share capital	5	5
Profit and loss account	1,220	( 158)
	-------	----
Shareholders funds	1,225	( 153)
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 August 2020 , and are signed on behalf of the board by:

B A Watt

Director

Company registration number: 03567217

The Read School Enterprises Limited

Notes to the Financial Statements

Year ended 31 August 2019

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Main Road, DRAX, Selby, North Yorkshire, YO8 8NL, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date .

(d) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2019: 5)

5. Debtors

	2019	2018
	£	£
Trade debtors	3,581	3,233
	-------	-------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	3,475	3,451
Corporation tax	358	–
	-------	-------
	3,833	3,451
	-------	-------

7. Related party transactions

All the directors of the company are Governors of Read School but have no financial interest in the transactions.