Education_Asset_Technical_Services_Ltd_31_Dec_2022_companies_house_set_of_accounts.html

Education_Asset_Technical_Services_Ltd_31_Dec_2022_companies_house_set_of_accounts.html

EDUCATION ASSET TECHNICAL SERVICES LTD - Company Information

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1 January 2022 v2023.19.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwaretruetruetruetrueNo description of principal activityxbrli:purexbrli:sharesiso4217:GBPSC1814332022-01-012022-12-31SC1814332022-12-31SC1814332021-12-31SC181433core:WithinOneYear2022-12-31SC181433core:WithinOneYear2021-12-31SC181433core:ShareCapital2022-12-31SC181433core:ShareCapital2021-12-31SC181433core:RetainedEarningsAccumulatedLosses2022-12-31SC181433core:RetainedEarningsAccumulatedLosses2021-12-31SC181433bus:Director12022-01-012022-12-31SC181433bus:RegisteredOffice2022-01-012022-12-31SC181433core:OfficeEquipment2022-01-012022-12-31SC181433core:PlantMachinery2022-12-31SC181433core:PlantMachinery2021-12-31SC181433core:CostValuation2022-01-01SC181433core:CostValuation2022-12-31SC18143312022-01-012022-12-31SC181433countries:Scotland2022-01-012022-12-31SC181433bus:AuditExemptWithAccountantsReport2022-01-012022-12-31SC181433bus:PrivateLimitedCompanyLtd2022-01-012022-12-31SC181433bus:SmallEntities2022-01-012022-12-31SC181433bus:FullAccounts2022-01-012022-12-31
Company registration number:
SC181433
Education Asset Technical Services Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2022
Education Asset Technical Services Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Education Asset Technical Services Ltd
Year ended
31 December 2022
As described on the statement of financial position, the Board of Directors of
Education Asset Technical Services Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2022
, which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon Chartered Accountants
12 Somerset Place
Glasgow
G3 7JT
United Kingdom
Date:
26 September 2023
Education Asset Technical Services Ltd
Statement of Financial Position
31 December 2022
20222021
Note££
Fixed assets    
Tangible assets 4
780
 
780
 
Investments 5
50,000
 
50,000
 
50,780
 
50,780
 
Creditors: amounts falling due within one year 6
(105,129
 )
(105,129
 )
Net current liabilities
(105,129
 )
(105,129
 )
Total assets less current liabilities (54,349 ) (54,349 )
Provisions for liabilities
(626
 )
(626
 )
Net liabilities
(54,975
 )
(54,975
 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(55,075
 )
(55,075
 )
Shareholders deficit
(54,975
 )
(54,975
 )
The company did not trade during the current year or comparative year and has not made either a profit or a loss.
For the year ending
31 December 2022
, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
These
financial statements
were approved by the board of directors and authorised for issue on
26 September 2023
, and are signed on behalf of the board by:
S McCormick
Director
Company registration number:
SC181433
Education Asset Technical Services Ltd
Notes to the Financial Statements
Year ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
C/O Horizon CA
,
12 Somerset Place
,
Glasgow
,
G3 7JT
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or comparative year and therefore no income statement is presented within these financial statements.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2022
and
31 December 2022
4,077
 
Depreciation  
At
1 January 2022
and
31 December 2022
3,297
 
Carrying amount  
At
31 December 2022
780
 
At 31 December 2021
780
 

5 Investments

Other investments other than loans
£
Cost  
At
1 January 2022
50,000
 
At
31 December 2022
50,000
 
Impairment  
At
1 January 2022
and
31 December 2022
 -  
Carrying amount  
At
31 December 2022
50,000
 
At 31 December 2021
50,000
 

6 Creditors: amounts falling due within one year

20222021
££
Other creditors
105,129
 
105,129