Eda Learning and Development Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07640458 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2021

for

Eda Learning and Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Naylor

J M Henry

SECRETARY:

REGISTERED OFFICE:

302 Cirencester Business Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

REGISTERED NUMBER:

07640458 (England and Wales)

ACCOUNTANTS:

Accounting by Design (UK) Limited

302 Cirencester Bsness Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

FIXED ASSETS

Tangible assets

4

4,926

2,812

CURRENT ASSETS

Debtors

5

846,314

830,698

Cash at bank

84,946

108,428

931,260

939,126

CREDITORS

Amounts falling due within one year

6

844,819

923,317

NET CURRENT ASSETS

86,441

15,809

TOTAL ASSETS LESS CURRENT LIABILITIES

91,367

18,621

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

PROVISIONS FOR LIABILITIES

(534

)

(534

)

NET ASSETS

40,833

18,087

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

40,829

18,083

SHAREHOLDERS' FUNDS

40,833

18,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 28 February 2022 and were signed on its behalf by:

J M Henry - Director

1.	STATUTORY INFORMATION

Eda Learning and Development Limited 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.

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.

Plant and machinery etc

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 163 (2020 - 214 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2020

9,149

Additions

4,172

At 28 February 2021

13,321

DEPRECIATION

At 1 March 2020

6,337

Charge for year

2,058

At 28 February 2021

8,395

NET BOOK VALUE

At 28 February 2021

4,926

At 29 February 2020

2,812

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade debtors

539,754

532,082

Amounts owed by associates

130,195

108,985

Other debtors

176,365

189,631

846,314

830,698

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade creditors

2,040

22,744

Amounts owed to group undertakings

94,477

61,813

Taxation and social security

400,223

313,982

Other creditors

348,079

524,778

844,819

923,317

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.21

29.2.20

£

£

Bank loans

50,000

-

8.	RELATED PARTY DISCLOSURES