Education Access Limited Filleted accounts for Companies House (small and micro)

EDUCATION ACCESS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10301661

Education Access Limited

Filleted Unaudited Financial Statements

31 July 2020

Education Access Limited

Statement of Financial Position

31 July 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	5,156	5,269

Current assets

Debtors	6	1,500	–
Cash at bank and in hand		28,567	37,555
		--------	--------
		30,067	37,555

Creditors: amounts falling due within one year	7	15,235	16,965
		--------	--------
Net current assets		14,832	20,590
		--------	--------
Total assets less current liabilities		19,988	25,859
		--------	--------
Net assets		19,988	25,859
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	19,987	25,858
	--------	--------
Shareholders funds	19,988	25,859
	--------	--------

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 Section 1A of 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 statement of income and retained earnings has not been delivered.

For the year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Education Access Limited

Statement of Financial Position (continued)

31 July 2020

These financial statements were approved by the board of directors and authorised for issue on 19 April 2021 , and are signed on behalf of the board by:

R Thompson
Director

Company registration number: 10301661

Education Access Limited

Notes to the Financial Statements

Year ended 31 July 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Rushleigh Road, Majors Green, Solihull, B90 1DQ, United Kingdom.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible assets

	Equipment	Fixtures and fittings	Total
	£	£	£
Cost
At 1 August 2019	8,536	124	8,660
Additions	1,175	–	1,175
	-------	----	-------
At 31 July 2020	9,711	124	9,835
	-------	----	-------
Depreciation
At 1 August 2019	3,346	45	3,391
Charge for the year	1,273	15	1,288
	-------	----	-------
At 31 July 2020	4,619	60	4,679
	-------	----	-------
Carrying amount
At 31 July 2020	5,092	64	5,156
	-------	----	-------
At 31 July 2019	5,190	79	5,269
	-------	----	-------

6. Debtors

	2020	2019
	£	£
Trade debtors	1,500	–
	-------	----

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	5	35
Corporation tax	2,480	5,263
Other creditors	12,750	11,667
	--------	--------
	15,235	16,965
	--------	--------

8. Director's advances, credits and guarantees

There are no disclosures in respect of directors advances and credits.