Abbreviated Company Accounts - EDUCATION SOLUTIONS LIMITED

EDUCATION SOLUTIONS LIMITED - Company Information

Registered Number 04668186

EDUCATION SOLUTIONS LIMITED

Abbreviated Accounts

31 July 2015

EDUCATION SOLUTIONS LIMITED Registered Number 04668186

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	113,900	111,400
Tangible assets	3	-	213
		113,900	111,613
Current assets
Stocks		-	-
Debtors		24,471	20,838
Investments		28,258	39,873
Cash at bank and in hand		16,001	7,031
		68,730	67,742
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(3,524)	(2,635)
Net current assets (liabilities)		65,206	65,107
Total assets less current liabilities		179,106	176,720
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		179,106	176,720
Capital and reserves
Called up share capital		2,441	2,441
Share premium account		135,464	135,464
Revaluation reserve		103,887	103,887
Profit and loss account		(62,686)	(65,072)
Shareholders' funds		179,106	176,720

For the year ending 31 July 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 on 31 March 2016

And signed on their behalf by:
Simon Hersh, Director

EDUCATION SOLUTIONS LIMITED Registered Number 04668186

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Equipment, fixtures and fittings 25% on a straight line basis.

Intangible assets amortisation policy
No set policy but subject to revaluation and impairment.

Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

2Intangible fixed assets

	£
Cost
At 1 August 2014	122,482
Additions	2,500
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	124,982
Amortisation
At 1 August 2014	11,082
Charge for the year	0
On disposals	0
At 31 July 2015	11,082
Net book values
At 31 July 2015	113,900
At 31 July 2014	111,400

3Tangible fixed assets

	£
Cost
At 1 August 2014	851
Additions	0
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	851
Depreciation
At 1 August 2014	638
Charge for the year	213
On disposals	-
At 31 July 2015	851
Net book values
At 31 July 2015	0
At 31 July 2014	213