The Teaching Executives Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05813274 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

THE TEACHING EXECUTIVES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Morris-Jones

SECRETARY:

Mrs V Morris-Jones

REGISTERED OFFICE:

Riverside Innovation Centre

Castle Drive

Chester

CH1 1SL

REGISTERED NUMBER:

05813274 (England and Wales)

ACCOUNTANTS:

Wyatt, Morris, Golland Ltd

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

4

90

387

CURRENT ASSETS

Debtors

106,488

103,014

Cash at bank

7,440

5

113,928

103,019

CREDITORS

Amounts falling due within one year

113,340

104,889

NET CURRENT ASSETS/(LIABILITIES)

588

(1,870

)

TOTAL ASSETS LESS CURRENT LIABILITIES

678

(1,483

)

PROVISIONS FOR LIABILITIES

17

-

NET ASSETS/(LIABILITIES)

661

(1,483

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

561

(1,583

)

SHAREHOLDERS' FUNDS

661

(1,483

)

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 21 August 2020 and were signed by:

S Morris-Jones - Director

1.	STATUTORY INFORMATION

The Teaching Executives 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Office equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

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 26 (2018 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

and 31 August 2019

26,815

DEPRECIATION

At 1 September 2018

26,428

Charge for year

297

At 31 August 2019

26,725

NET BOOK VALUE

At 31 August 2019

90

At 31 August 2018

387

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2019 and the period

ended 31 August 2018:

2019

2018

£

£

S Morris-Jones

Balance outstanding at start of year

50,996

-

Amounts advanced

42,339

50,996

Amounts repaid

(50,996

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,339

50,996

The director was charged interest of £1,090 during the year on the outstanding loan balance.