You Teach Me Limited
You Teach Me Limited
Registered number: 08558429
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contractor UNL Ltd
Suite 9 Newspaper House
Tannery Lane
Warrington
Cheshire
WA5 2UD
You Teach Me Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
You Teach Me Limited
Balance Sheet
As At
31 March 2024
Balance Sheet
Registered number:
08558429
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 4 |
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Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 8 |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (257,638) | (255,366) | |||
You Teach Me Limited
Balance Sheet (continued)
As At
31 March 2024
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
You Teach Me Limited
Notes to the Financial Statements
For The Year Ended 31 March 2024
Notes to the Financial Statements
1.
General Information
You Teach Me Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
08558429
. The registered office is 140 Stenson Road, Derby, DE23 1JG.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
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Computer Equipment |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
You Teach Me Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
4.
Intangible Assets
Development Costs | |||
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£ | |||
Cost | |||
As at 1 April 2023 |
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As at 31 March 2024 |
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Amortisation | |||
As at 1 April 2023 |
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As at 31 March 2024 |
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Net Book Value | |||
As at 31 March 2024 |
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As at 1 April 2023 |
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5.
Tangible Assets
Fixtures & Fittings | Computer Equipment | Total | |
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Cost | |||
As at 1 April 2023 |
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Additions |
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As at 31 March 2024 |
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Depreciation | |||
As at 1 April 2023 |
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As at 31 March 2024 |
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Net Book Value | |||
As at 31 March 2024 |
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As at 1 April 2023 |
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6.
Debtors
2024 | 2023 | ||
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Due within one year | |||
Trade debtors |
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VAT |
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You Teach Me Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
7.
Creditors: Amounts Falling Due Within One Year
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other loans |
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Corporation tax |
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Other taxes and social security |
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Accruals and deferred income |
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Directors' loan accounts |
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8.
Creditors: Amounts Falling Due After More Than One Year
2024 | 2023 | ||
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£ | £ | ||
Other loans |
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