Schoolzone.co.uk Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03596961 (England and Wales)

Financial Statements for the Period 1 August 2016 to 31 January 2017

for

Schoolzone.co.uk Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs E Collie

Mr P Collie

REGISTERED OFFICE:

2 Court Mews

London Road

Charlton Kings

Cheltenham

Glos

GL52 6HS

REGISTERED NUMBER:

03596961 (England and Wales)

ACCOUNTANTS:

Angela Paull and Co Limited

Chartered Accountants

7 Court Mews, London Road

Charlton Kings

Cheltenham

Glos

GL52 6HS

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Schoolzone.co.uk Limited for the period ended

31 January 2017 which comprise the Income Statement, Balance Sheet and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Schoolzone.co.uk Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Schoolzone.co.uk Limited and state those matters that we have agreed to state to the Board of Directors of Schoolzone.co.uk Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Schoolzone.co.uk Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Schoolzone.co.uk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Schoolzone.co.uk Limited. You consider that Schoolzone.co.uk Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Schoolzone.co.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 financial statements.

Angela Paull and Co Limited

Chartered Accountants

7 Court Mews, London Road

Charlton Kings

Cheltenham

Glos

GL52 6HS

23 March 2017

FIXED ASSETS

Intangible assets

4

8,634

-

Tangible assets

5

3,482

4,971

12,116

4,971

CURRENT ASSETS

Debtors

6

45,491

72,991

Cash at bank and in hand

16,412

50,194

61,903

123,185

CREDITORS

Amounts falling due within one year

7

94,750

113,769

NET CURRENT (LIABILITIES)/ASSETS

(32,847

)

9,416

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,731

)

14,387

CAPITAL AND RESERVES

Called up share capital

105

105

Capital redemption reserve

5

5

Retained earnings

(20,841

)

14,277

SHAREHOLDERS' FUNDS

(20,731

)

14,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 March 2017 and were signed on its behalf by:

Mrs E Collie - Director

Mr P Collie - Director

1.	STATUTORY INFORMATION

Schoolzone.co.uk Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Trademark are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost and 25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

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 profit or loss in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

4.	INTANGIBLE FIXED ASSETS

Computer

Trademark

software

Totals

£

£

£

COST

At 1 August 2016

3,180

-

3,180

Additions

-

10,340

10,340

At 31 January 2017

3,180

10,340

13,520

AMORTISATION

At 1 August 2016

3,180

-

3,180

Amortisation for period

-

1,706

1,706

At 31 January 2017

3,180

1,706

4,886

NET BOOK VALUE

At 31 January 2017

-

8,634

8,634

At 31 July 2016

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 August 2016

40,859

6,027

46,886

Additions

111

379

490

Disposals

(28,794

)

-

(28,794

)

At 31 January 2017

12,176

6,406

18,582

DEPRECIATION

At 1 August 2016

38,017

3,898

41,915

Charge for period

1,447

532

1,979

Eliminated on disposal

(28,794

)

-

(28,794

)

At 31 January 2017

10,670

4,430

15,100

NET BOOK VALUE

At 31 January 2017

1,506

1,976

3,482

At 31 July 2016

2,842

2,129

4,971

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.7.16

£

£

Trade debtors

35,722

41,328

Other debtors

9,769

31,663

45,491

72,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.7.16

£

£

Trade creditors

14,493

15,979

Taxation and social security

35,853

44,832

Other creditors

44,404

52,958

94,750

113,769

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr P and Mrs E Collie.