P.A.C.E ALTERNATIVE EDUCATION LIMITED

P.A.C.E ALTERNATIVE EDUCATION LIMITED

P.A.C.E ALTERNATIVE EDUCATION LIMITED - Company Information

Print Friendly Version

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Company Registration Number:
06496466 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2020

Period of accounts

Start date: 01 March 2019

End date: 28 February 2020

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2020

Balance sheet
Notes

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Balance sheet

As at 28 February 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 133,033 142,580
Total fixed assets: 133,033 142,580
Current assets
Debtors:   215,372 86,185
Cash at bank and in hand: 102,057 88,643
Total current assets: 317,429 174,828
Creditors: amounts falling due within one year:   (111,261) (82,912)
Net current assets (liabilities): 206,168 91,916
Total assets less current liabilities: 339,201 234,496
Creditors: amounts falling due after more than one year:   (59,243) (66,422)
Provision for liabilities: (4,879) (6,154)
Total net assets (liabilities): 275,079 161,920
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 275,077 161,918
Shareholders funds: 275,079 161,920

The notes form part of these financial statements

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Balance sheet statements

For the year ending 28 February 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 June 2020
and signed on behalf of the board by:

Name: A C HARPER
Status: Director

The notes form part of these financial statements

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

2. Employees

2020 2019
Average number of employees during the period 10 10

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

3. Tangible Assets

Total
Cost £
At 01 March 2019 291,911
Additions 1,524
At 28 February 2020 293,435
Depreciation
At 01 March 2019 149,331
Charge for year 11,071
At 28 February 2020 160,402
Net book value
At 28 February 2020 133,033
At 28 February 2019 142,580

P.A.C.E ALTERNATIVE EDUCATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

4. Loans to directors

Name of director receiving advance or credit: C R BAINS
Description of the loan: Loan repayable on demand
£
Balance at 01 March 2019 22,333
Advances or credits made: 58,834
Advances or credits repaid: 37,600
Balance at 28 February 2020 43,567
Name of director receiving advance or credit: A C HARPER
Description of the loan: Loan repayable on demand
£
Balance at 01 March 2019 22,333
Advances or credits made: 58,834
Advances or credits repaid: 37,600
Balance at 28 February 2020 43,567