Accounts Submission
Accounts Submission
KEY SKILLS EDUCATION LTD
Company Registration Number:
07270581
(England and Wales)
Unaudited statutory accounts for the year ended 31 March 2018
Period of accounts
Start date: 01 April 2017
End date: 31 March 2018
KEY SKILLS EDUCATION LTD
Contents of the Financial Statements
for the Period Ended 31 March 2018
Company Information - 3 | |
Report of the Directors - 4 | |
Balance sheet - 5 | |
Additional notes - 7 | |
Balance sheet notes - 8 |
KEY SKILLS EDUCATION LTD
Company Information
for the Period Ended 31 March 2018
Director: |
|
|
Secretary: |
|
|
Registered office: |
|
|
Company Registration Number: |
|
|
KEY SKILLS EDUCATION LTD
Directors' Report Period Ended 31 March 2018
The directors present their report with the financial statements of the company for the period ended 31 March 2018
Principal Activities
Directors
The directors shown below have held office during the whole of the period from 01 April 2017 to 31 March 2018
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
KEY SKILLS EDUCATION LTD
Balance sheet
As at
Notes |
2018 £ |
2017 £ |
|
---|---|---|---|
Fixed assets | |||
Total fixed assets: | - | - | |
Current assets | |||
Stocks: |
|
|
|
Debtors: | 2 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Prepayments and accrued income: |
|
|
|
Creditors: amounts falling due within one year: | 3 |
( |
( |
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Creditors: amounts falling due after more than one year: | 4 |
( |
( |
Provision for liabilities: |
( |
( |
|
Accruals and deferred income: |
( |
( |
|
Total net assets (liabilities): |
|
|
The notes form part of these financial statements
KEY SKILLS EDUCATION LTD
Balance sheet continued
As at 31 March 2018
Notes |
2018 £ |
2017 £ |
|
---|---|---|---|
Capital and reserves | |||
Called up share capital: |
|
|
|
Revaluation reserve: | 5 |
|
|
Profit and loss account: |
|
|
|
Shareholders funds: |
|
|
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
KEY SKILLS EDUCATION LTD
Notes to the Financial Statements
for the Period Ended 31 March 2018
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost. Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill land patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.
KEY SKILLS EDUCATION LTD
Notes to the Financial Statements
for the Period Ended 31 March 2018
2. Debtors
2018 £ |
2017 £ |
|
---|---|---|
Trade debtors |
|
|
Total |
|
|
KEY SKILLS EDUCATION LTD
Notes to the Financial Statements
for the Period Ended 31 March 2018
3.Creditors: amounts falling due within one year note
2018 £ |
2017 £ |
|
---|---|---|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Total |
|
|
KEY SKILLS EDUCATION LTD
Notes to the Financial Statements
for the Period Ended 31 March 2018
4.Creditors: amounts falling due after more than one year
2018 £ |
2017 £ |
|
---|---|---|
Bank loans and overdrafts |
|
|
Amounts due under finance leases and hire purchase contracts |
|
|
Other creditors |
|
|
Total |
|
|
KEY SKILLS EDUCATION LTD
Notes to the Financial Statements
for the Period Ended 31 March 2018
5. Revaluation reserve
2018 £ |
|
---|---|
Balance at 01 April 2017 |
|
Surplus or deficit after revaluation |
|
Balance at 31 March 2018 |
|