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ENTERPRISE EDUCATORS UK - Company Information

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Enterprise Educators UK

Registered Number:07267152

For the year ended 31 July 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 July 2018

Enterprise Educators UK

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 July 2018

Enterprise Educators UK

Statement of Financial Position

Registered Number :

07267152

2017

2018

Notes

Fixed assets

Financial assets

100

Current assets

Trade and other receivables

2,765

19,901

348,752

Cash and cash equivalents

287,456

307,357

351,517

Trade and other payables: amounts falling due within one

year

(142,299)

(133,393)

209,218

173,964

Net current assets

Total assets less current liabilities

174,064

209,218

174,064

Net assets

209,218

Capital and reserves

Retained earnings

174,064

209,218

174,064

209,218

Members' Funds

For the year ended 31 July 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Gareth Hunter Trainer Director

These financial statements were approved and authorised for issue by the Board on 16 October 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 July 2018

Enterprise Educators UK

Notes to the Financial Statements

Statutory Information

Enterprise Educators UK is a private limited company, limited by guarantee, domiciled in England and Wales,

registration number 07267152.

Registered address:

Unit C17 Kestrel Business Centre Private Road 2

Colwick Industrial Estate

Nottingham

England

NG4 2JR

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Grants payabale

Grants payable to institutions are recognised as an expense when the company has entered into a commitment to

pay the grant. Grants are treated as withdrawn when the institution has indicated that the grant is no longer required

or other circumstances result in the grant being cancelled.

Grants that have been awarded but not paid as at the balance sheet date are included within creditors.

Going Concern

The financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Enterprise Educators UK Limited as an individual company and

do no contain consolidated financial information as to the parent of a group. The company is exempt under Section

399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiary companies are recognised at cost.

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For the year ended 31 July 2018

Enterprise Educators UK

Notes to the Financial Statements Continued

2. Investments held as fixed assets

Other investments

Total

Cost

100

Additions

At 31 July 2018

100

At 31 July 2018

Net book value

100

The company owns 100 shares (100% of the total issued share capital) in Enterprise Educators Global, a company

registered in England and Wales. The subsidiary company has not yet become active.

3. Trade and other receivables

2017

2018

Trade debtors

250

Other debtors

19,901

2,515

2,765

19,901

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For the year ended 31 July 2018

Enterprise Educators UK

Notes to the Financial Statements Continued

4. Financial instruments at fair value

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and

carried forward at transaction price. Financial assets are derecognised when:

(a) the contractual rights to the cash flows from the asset expire or are settled;

(b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or

(c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset

to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and

carried forward at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is

discharged, cancelled or expires.

The company has only financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are recognised initially at transaction value and subsequently measured at their

settlement value with the exception of bank loans which are subsequently measured at amortised cost using the

effective interest rate method.

5. Trade and other payables: amounts falling due within one year

2017

2018

Taxation and social security

120

Other creditors

133,273

142,233

133,393

142,299

6. Related party transactions

The company is controlled by the directors with no individual controlling party.

7. Average number of persons employed

During the year ended 31 July 2017 and the year ended 31 July 2018 the company had no employees.

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