Company Registration No. SC408302 (Scotland)
SCHOOL FOR CEOS LTD
Unaudited accounts
for the year ended 31 December 2020
SCHOOL FOR CEOS LTD
Unaudited accounts
Contents
SCHOOL FOR CEOS LTD
Company Information
for the year ended 31 December 2020
Directors
D Sole
P Macdonald
Company Number
SC408302 (Scotland)
Registered Office
61 George Street
Perth
PH1 5LB
Scotland
Accountants
TaxKings (West) Ltd
61 George St
Perth
PH1 5LB
SCHOOL FOR CEOS LTD
Statement of financial position
as at 31 December 2020
Tangible assets
1,747
1,355
Cash at bank and in hand
129,827
51,382
Creditors: amounts falling due within one year
(147,712)
(63,507)
Net current assets
33,047
84,956
Total assets less current liabilities
34,794
86,311
Creditors: amounts falling due after more than one year
(50,000)
-
Net (liabilities)/assets
(15,206)
86,311
Called up share capital
2,375
2,375
Profit and loss account
(17,581)
83,936
Shareholders' funds
(15,206)
86,311
For the year ending 31 December 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2021 and were signed on its behalf by
D Sole
Director
Company Registration No. SC408302
SCHOOL FOR CEOS LTD
Notes to the Accounts
for the year ended 31 December 2020
SCHOOL FOR CEOS LTD is a private company, limited by shares, registered in Scotland, registration number SC408302. The registered office is 61 George Street, Perth, PH1 5LB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
47,700
84,032
Accrued income and prepayments
3,232
13,049
SCHOOL FOR CEOS LTD
Notes to the Accounts
for the year ended 31 December 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
6,827
19,444
Loans from directors
162
1,231
Deferred income
103,950
14,795
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 5 (2019: 7).
