The Teaching Executives Ltd - Abbreviated accounts 16.3

The Teaching Executives Ltd - Abbreviated accounts 16.3

THE TEACHING EXECUTIVES LTD - Company Information

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REGISTERED NUMBER: 05813274 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

THE TEACHING EXECUTIVES LTD

THE TEACHING EXECUTIVES LTD (REGISTERED NUMBER: 05813274)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

THE TEACHING EXECUTIVES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2016







DIRECTOR: S Morris-Jones





SECRETARY: Mrs V Morris-Jones





REGISTERED OFFICE: Suite 5
2nd Floor, Church House
1 Hanover Street
LIVERPOOL
L1 3DN





REGISTERED NUMBER: 05813274 (England and Wales)





ACCOUNTANTS: Wyatt, Morris, Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ
Page 1
THE TEACHING EXECUTIVES LTD (REGISTERED NUMBER: 05813274)

ABBREVIATED BALANCE SHEET
31 JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 4,286 7,593
4,286 7,593

CURRENT ASSETS
Debtors 151,264 120,449
Cash at bank 87,600 214,086
238,864 334,535
CREDITORS
Amounts falling due within one year 140,640 169,810
NET CURRENT ASSETS 98,224 164,725
TOTAL ASSETS LESS CURRENT
LIABILITIES
102,510
172,318

PROVISIONS FOR LIABILITIES 857 1,519
NET ASSETS 101,653 170,799

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 101,553 170,699
SHAREHOLDERS' FUNDS 101,653 170,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
THE TEACHING EXECUTIVES LTD (REGISTERED NUMBER: 05813274)

ABBREVIATED BALANCE SHEET - continued
31 JULY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 28 April 2017 and were signed by:





S Morris-Jones - Director


The notes form part of these abbreviated accounts

Page 3
THE TEACHING EXECUTIVES LTD (REGISTERED NUMBER: 05813274)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 300,000
AMORTISATION
At 1 August 2015
and 31 July 2016 300,000
NET BOOK VALUE

At 31 July 2016 -
At 31 July 2015 -

Page 4 continued...
THE TEACHING EXECUTIVES LTD (REGISTERED NUMBER: 05813274)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 25,624
Additions 833
At 31 July 2016 26,457
DEPRECIATION
At 1 August 2015 18,031
Charge for year 4,140
At 31 July 2016 22,171
NET BOOK VALUE
At 31 July 2016 4,286
At 31 July 2015 7,593

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE CONTROLLING PARTY

The company is 100% controlled by the director by virtue of his own and his wife's shareholding.

Page 5