Essential Education Enterprises Ltd - Period Ending 2015-03-31

Registration number: 05479324

Essential Education Enterprises Ltd
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 March 2015
 

Essential Education Enterprises Ltd
(Registration number: 05479324)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			1,419
Current assets
Debtors					1,201			1,204
Cash at bank and in hand					11			21,637
					1,212			22,841
Creditors: Amounts falling due within one year					(1,320)			(18,158)
Net current (liabilities)/assets					(108)			4,683
Total assets less current liabilities					(108)			6,102
Provisions for liabilities					-			(284)
Net (liabilities)/assets					(108)			5,818
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					(112)			5,814
Shareholders' (deficit)/funds					(108)			5,818

The notes on pages 3 to 5 form an integral part of these financial statements.
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Essential Education Enterprises Ltd
(Registration number: 05479324)
Abbreviated Balance Sheet at 31 March 2015

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board and signed on its behalf by:

.........................................
Mr N W Smith
Director

Date: 23 August 2015

The notes on pages 3 to 5 form an integral part of these financial statements.
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Essential Education Enterprises Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The company made a loss in the period and has net current liabilities. The company is dependent on the support from the shareholders to continue as a going concern.

The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line

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Essential Education Enterprises Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		11,067			11,067
Disposals		(11,067)			(11,067)
At 31 March 2015		-			-
Depreciation
At 1 April 2014		9,648			9,648
Charge for the year		468			468
Eliminated on disposals		(10,116)			(10,116)
At 31 March 2015		-			-
Net book value
At 31 March 2015		-			-
At 31 March 2014		1,419			1,419

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		4			4			4			4

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Essential Education Enterprises Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr N W Smith
Directors' loan account	-	-	61,326	62,515

5

Control

The company is controlled by Nigel Wesley Smith by virtue of his majority shareholding.

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