Abbreviated Company Accounts - THE EDUCATIONAL GROUP LIMITED
Abbreviated Company Accounts - THE EDUCATIONAL GROUP LIMITED
Registered Number 05286707
THE EDUCATIONAL GROUP LIMITED
Abbreviated Accounts
30 September 2015
THE EDUCATIONAL GROUP LIMITED Registered Number 05286707
Abbreviated Balance Sheet as at 30 September 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 2 |
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| Investments | 3 |
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| Current assets | |||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
( |
( |
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| Total assets less current liabilities |
( |
( |
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| Total net assets (liabilities) |
( |
( |
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| Capital and reserves | |||
| Called up share capital | 4 |
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
( |
( |
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For the year ending 30 September 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
And signed on their behalf by:
THE EDUCATIONAL GROUP LIMITED Registered Number 05286707
Notes to the Abbreviated Accounts for the period ended 30 September 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The accounts are prepared on a going concern basis due to the continued support of the Shareholder (see Director's Report).
Other accounting policies
In the opinion the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Depreciation
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 follow:
Equipment – 25% reducing balance
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial instruments:
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2Tangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 October 2014 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 30 September 2015 |
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| Depreciation | |
| At 1 October 2014 |
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| Charge for the year |
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| On disposals |
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| At 30 September 2015 |
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| Net book values | |
| At 30 September 2015 | 514 |
| At 30 September 2014 | 514 |
3Fixed assets Investments
Colourfun Books Limited: Capital and reserves (£2,699), Profit/(loss) for the year (£843)
Crazy Stationery Limited: Capital and reserves (£3,027), Profit/(loss) for the year (£828)
Easy 2 Learn Limited: Capital and reserves (£2,781), Profit/(loss) for the year (£828)
Funky Stickers Limited: Capital and reserves (£1,356), Profit/(loss) for the year (£848)
Redcircle Publications Limited: Capital and reserves (£7,772), Profit/(loss) for the year (£828)
Under the provision of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.