Outstanding Education Solutions Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08501014 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

OUTSTANDING EDUCATION SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Miss C E Hoare

Mrs J J Pattison

Registered office:

Grange Court

Pinsley Road

Leominster

Herefordshire

HR6 8NL

Registered number:

08501014 (England and Wales)

Accountants:

Haines Watts Hereford Ltd

3rd Floor

Broadway House

32 - 35 Broad Street

Hereford

Herefordshire

HR4 9AR

Fixed assets

Tangible assets

4

358

402

Current assets

Debtors

5

27,472

18,691

Cash at bank

21,041

18,722

48,513

37,413

Creditors

Amounts falling due within one year

6

41,091

25,707

Net current assets

7,422

11,706

Total assets less current liabilities

7,780

12,108

Provisions for liabilities

72

80

Net assets

7,708

12,028

Capital and reserves

Called up share capital

2

2

Retained earnings

7,706

12,026

Shareholders' funds

7,708

12,028

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 17 October 2017 and were signed on its behalf by:

Miss C E Hoare - Director

1.	Statutory information

Outstanding Education Solutions Ltd 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

The turnover shown in the profit and loss account represents amounts invoiced during the period exclusive of

Value Added Tax.

Tangible fixed assets

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

Equipment

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets

of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar

debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented

as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in

the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the

outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability

then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are

debited direct to equity.

3.	Employees and directors

The average number of employees during the year was 2 .

4.	Tangible fixed assets

Fixtures

and

Equipment

fittings

Totals

£

£

£

Cost

At 1 September 2016

1,754

-

1,754

Additions

-

294

294

At 31 August 2017

1,754

294

2,048

Depreciation

At 1 September 2016

1,352

-

1,352

Charge for year

299

39

338

At 31 August 2017

1,651

39

1,690

Net book value

At 31 August 2017

103

255

358

At 31 August 2016

402

-

402

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Other debtors

27,472

18,691

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Taxation and social security

39,319

23,934

Other creditors

1,772

1,773

41,091

25,707

7.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2017 and

31 August 2016:

2017

2016

£

£

Miss C E Hoare

Balance outstanding at start of year

522

375

Amounts advanced

-

522

Amounts repaid

(522

)

(375

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

522

Mrs J J Pattison

Balance outstanding at start of year

144

-

Amounts advanced

-

144

Amounts repaid

(144

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

144

No interest has been charged on the directors loan account and no terms have been agreed for the balance to

be repaid.

8.	First year adoption

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1

September 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.