Shepway Teaching Schools Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 07854803

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Shepway Teaching Schools Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J F Carter

M Green

A D Ward

SECRETARY:

N J Carter AFA FFTA

REGISTERED OFFICE:

49 Cherry Garden Lane

Folkestone

Kent

CT19 4AS

REGISTERED NUMBER:

07854803

ACCOUNTANTS:

Carter and Co

49 Cherry Garden Lane

Folkestone

Kent

CT19 4AS

The directors present their report with the financial statements of the company for the year ended 31 August 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a teaching school.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2019 to the date of this report.

J F Carter

M Green

A D Ward

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J F Carter - Director

28 May 2021

TURNOVER

4,940

14,551

Cost of sales

36,765

48,171

GROSS LOSS

(31,825

)

(33,620

)

Administrative expenses

3,949

6,380

(35,774

)

(40,000

)

Other operating income

40,000

OPERATING PROFIT

4,226

-

Interest payable and similar expenses

4,226

-

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

4

1,519

-

CURRENT ASSETS

Debtors

5

28,190

175

Prepayments and accrued income

878

33,304

Cash at bank

148,961

113,130

178,029

146,609

CREDITORS

Amounts falling due within one year

6

67,536

66,003

NET CURRENT ASSETS

110,493

80,606

TOTAL ASSETS LESS CURRENT
LIABILITIES

112,012

80,606

RESERVES

Retained earnings

112,012

80,606

112,012

80,606

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2021 and were signed on its behalf by:

J F Carter - Director

1.	STATUTORY INFORMATION

Shepway Teaching Schools Ltd is a private company, limited by guarantee, registered in England. 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.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

and 31 August 2020

1,519

NET BOOK VALUE

At 31 August 2020

1,519

At 31 August 2019

1,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Trade debtors

28,190

175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Trade creditors

4,826

1,657

Taxation and social security

-

(29

)

Other creditors

62,710

64,375

67,536

66,003