LONDON_EDUCATIONAL_SERVIC - Accounts

LONDON EDUCATIONAL SERVICES LIMITED - Company Information

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Company Registration No. 01534361 (England and Wales)

LONDON EDUCATIONAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

LONDON EDUCATIONAL SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LONDON EDUCATIONAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

941

Investments

3,350

4,291

3,350

Current assets

Debtors

28,097

35,604

Cash at bank and in hand

28,131

35,638

Creditors: amounts falling due within one year

(101,479)

(100,161)

Net current liabilities

(73,348)

(64,523)

Total assets less current liabilities

(69,057)

(61,173)

Capital and reserves

Called up share capital

100

Profit and loss account

(69,157)

(61,273)

Shareholders' funds

(69,057)

(61,173)

For the financial 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:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 June 2017

Mr J Florey

Director

Company Registration No. 01534361

LONDON EDUCATIONAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

Improvements to property

Nil

Plant and machinery

33% per annum on cost

Fixtures, fittings & equipment

33% per annum on cost

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates 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 differences are taken to profit and loss account.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 October 2015

8,095

3,350

11,445

Additions

941

At 30 September 2016

9,036

3,350

12,386

Depreciation

At 1 October 2015 & at 30 September 2016

8,095

Net book value

At 30 September 2016

941

3,350

4,291

At 30 September 2015

3,350

LONDON EDUCATIONAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100