Capslock Education Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12202338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11TH SEPTEMBER 2019 TO 31ST DECEMBER 2020

FOR

CAPSLOCK EDUCATION LTD

PREVIOUSLY KNOWN AS

ACADEMY OF CYBER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss L L Armitage

Dr A J Cullen

D Furlong

D W McIntyre

J Philliban

J E T Slater

REGISTERED OFFICE:

Capslock, Neo

Charlotte Street

Manchester

Greater Manchester

M1 4ET

REGISTERED NUMBER:

12202338 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Greg's Buildings

1 Booth Street

Manchester

M2 4AD

CURRENT ASSETS

Debtors

4

46,081

Cash at bank

11,839

57,920

CREDITORS

Amounts falling due within one year

5

24,492

NET CURRENT ASSETS

33,428

TOTAL ASSETS LESS CURRENT LIABILITIES

33,428

CREDITORS

Amounts falling due after more than one year

6

47,645

NET LIABILITIES

(14,217

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(14,317

)

(14,217

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2020 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 and authorised for issue on 14th April 2021 and were signed on its behalf by:

J E T Slater - Director

1.	STATUTORY INFORMATION

Capslock Education 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue from the provision of training courses is measured at the consideration receivable which equates to the invoiced amounts, excluding discounts, rebates, value added tax and other sales taxes.

Invoices for training courses provided are raised on the basis of contract terms which have been agreed by the customer. Revenue is recognised in the income account on commencement of the associated course or on receipt when settlement is through an Individual Salary Agreement.

Government grants

Grants that compensate the company for expenses incurred are recognised through the income statement on a systematic basis in the periods in which the expenses are recognised.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,000

Other debtors

100

VAT

2,953

Prepayments and accrued income

37,028

46,081

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

2,354

Social security and other taxes

11,489

Other creditors

1,000

Directors' current accounts

3,749

Accruals and deferred income

5,900

24,492

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 1-2 years

9,566

Bank loans - 2-5 years

30,175

Bank loans more 5 yr by instal

7,904

47,645

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,904