Education Access Limited Company Accounts

Education Access Limited Company Accounts

EDUCATION ACCESS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10301661
Education Access Limited
Filleted Unaudited Financial Statements
31 July 2017
Education Access Limited
Financial Statements
Period from 28 July 2016 to 31 July 2017
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Statement of changes in equity
5
Notes to the financial statements
6
Education Access Limited
Officers and Professional Advisers
Director
R Thompson
Registered office
37 Rushleigh Road
Majors Green
Solihull
United Kingdom
B90 1DQ
Accountants
Wilson Bott
Chartered Certified Accountants
528a Haslucks Green Road
Majors Green
Solihull
West Midlands
B90 1DS
Education Access Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Education Access Limited
Period from 28 July 2016 to 31 July 2017
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 July 2017, which comprise the statement of financial position, statement of changes in equity and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Wilson Bott Chartered Certified Accountants
528a Haslucks Green Road Majors Green Solihull West Midlands B90 1DS
18 April 2018
Education Access Limited
Statement of Financial Position
31 July 2017
31 Jul 17
Note
£
Fixed assets
Tangible assets
5
3,271
Current assets
Debtors
6
850
Cash at bank and in hand
16,844
--------
17,694
Creditors: amounts falling due within one year
7
12,536
--------
Net current assets
5,158
-------
Total assets less current liabilities
8,429
-------
Net assets
8,429
-------
Capital and reserves
Called up share capital
1
Profit and loss account
8,428
-------
Shareholders funds
8,429
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Education Access Limited
Statement of Financial Position (continued)
31 July 2017
These financial statements were approved by the board of directors and authorised for issue on 18 April 2018 , and are signed on behalf of the board by:
R Thompson
Director
Company registration number: 10301661
Education Access Limited
Statement of Changes in Equity
Period from 28 July 2016 to 31 July 2017
Called up share capital
Profit and loss account
Total
£
£
£
At 28 July 2016
–
–
–
Profit for the period
19,328
19,328
----
--------
--------
Total comprehensive income for the period
–
19,328
19,328
Issue of shares
1
–
1
Dividends paid and payable
–
( 10,900)
( 10,900)
----
--------
--------
Total investments by and distributions to owners
1
( 10,900)
( 10,899)
----
--------
--------
At 31 July 2017
1
8,428
8,429
----
--------
--------
Education Access Limited
Notes to the Financial Statements
Period from 28 July 2016 to 31 July 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Rushleigh Road, Majors Green, Solihull, B90 1DQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
Equipment
£
Cost
At 28 July 2016
–
Additions
4,089
-------
At 31 July 2017
4,089
-------
Depreciation
At 28 July 2016
–
Charge for the period
818
-------
At 31 July 2017
818
-------
Carrying amount
At 31 July 2017
3,271
-------
6. Debtors
31 Jul 17
£
Trade debtors
850
----
7. Creditors: amounts falling due within one year
31 Jul 17
£
Trade creditors
17
Corporation tax
3,923
Social security and other taxes
106
Other creditors
8,490
--------
12,536
--------
8. Director's advances, credits and guarantees
There are no disclosures in respect of directors advances and credits.