My Education (UK) Limited,Ltd - Accounts

My Education (UK) Limited,Ltd - Accounts

MY EDUCATION (UK) LIMITED - Company Information

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2015-10-01 true false Private Limited Company 08603393 2016-09-30 08603393 2015-10-01 2016-09-30 08603393 2015-09-30 08603393 2014-10-01 2015-09-30 08603393 uk-bus:Director1 2015-10-01 2016-09-30 08603393 uk-gaap:ComputerEquipment 2015-10-01 2016-09-30 iso4217:GBP
My Education (UK) Limited
For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08603393
2
Contents Page
My Education (UK) Limited
For the year ended 30 September 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
My Education (UK) Limited
Chartered Accountants' Report
For the year ended 30 September 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of My Education (UK) Limited for the year ended 30 September 2016 which comprise the Profit
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of My Education (UK) Limited, as a body, in accordance
with the terms of our engagement letter dated 31 March 2014. Our work has been undertaken solely to
prepare for your approval the accounts of My Education (UK) Limited and state those matters that we have
agreed to state to the Board of Directors of My Education (UK) Limited, as a body, in this report in
accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than My Education (UK) Limited and its Board of
Directors as a body for our work or for this report.
It is your duty to ensure that My Education (UK) Limited has kept adequate accounting records to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of My
Education (UK) Limited. You consider that My Education (UK) Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of My Education (UK) Limited.
For this reason, we have not verified the accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the statutory
accounts.
Xebra Accounting
5 Funtley Court
Funtley Hill
Fareham
Hampshire
PO16 7UY
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4
Abbreviated Balance Sheet
My Education (UK) Limited
As at 30 September 2016
08603393
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
340
670
340
670
Current assets
Debtors
5,672
4,049
Cash at bank and in hand
65,176
34,925
69,225
40,597
Creditors: amounts falling due within one year
(83,843)
(128,838)
(43,246)
(59,613)
Net current liabilities
Total assets less current liabilities
(59,273)
(42,576)
(59,273)
Net liabilities
(42,576)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(59,274)
(42,577)
(59,273)
(42,576)
Shareholders funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 30 November 2016
Ms N Butler Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
My Education (UK) Limited
For the year ended 30 September 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of
exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at
the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
33 per annum on cost
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6
Notes to the Abbreviated Financial Statements
My Education (UK) Limited
For the year ended 30 September 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,440
At 01 October 2015
206
Additions
At 30 September 2016
1,646
Depreciation
770
At 01 October 2015
536
Charge for year
1,306
At 30 September 2016
Net book values
At 30 September 2016
340
670
At 30 September 2015
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer Equipment - 33% on Cost
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