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Registration number: 05711812

A + Education Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2018

McKellens Limited
Chartered Accountants
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

A + Education Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 6

 

A + Education Limited

Company Information

Directors

N.F. Craven

M.K. Levy

C.S. Williams

Registered office

11 Riverview
The Embankment Business Park
Vale Road
Cheshire
SK4 3GN

Bankers

Barclays Bank plc
Leicester
LE87 2BB

Accountants

McKellens Limited
Chartered Accountants
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

A + Education Limited

(Registration number: 05711812)
Balance Sheet as at 28 February 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

4

13,663

23,955

Current assets

 

Debtors

5

215,769

204,120

Cash at bank and in hand

 

135,169

10,223

 

350,938

214,343

Creditors: Amounts falling due within one year

6

(96,156)

(76,997)

Net current assets

 

254,782

137,346

Total assets less current liabilities

 

268,445

161,301

Provisions for liabilities

2,307

6,349

Net assets

 

270,752

167,650

Capital and reserves

 

Called up share capital

150

200

Capital redemption reserve

50

-

Profit and loss account

270,552

167,450

Total equity

 

270,752

167,650

For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

A + Education Limited

(Registration number: 05711812)
Balance Sheet as at 28 February 2018

Approved and authorised by the Board on 15 August 2018 and signed on its behalf by:
 

.........................................

M.K. Levy

Director

 

A + Education Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
11 Riverview
The Embankment Business Park
Vale Road
Cheshire
SK4 3GN

These financial statements were authorised for issue by the Board on 15 August 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

33% Straight Line

Equipment

33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A + Education Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2017 - 3).

 

A + Education Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2017

51,086

51,086

Additions

5,000

5,000

At 28 February 2018

56,086

56,086

Depreciation

At 1 March 2017

27,132

27,132

Charge for the year

15,291

15,291

At 28 February 2018

42,423

42,423

Carrying amount

At 28 February 2018

13,663

13,663

At 28 February 2017

23,955

23,955

5

Debtors

Note

2018
£

2017
£

Trade debtors

 

1,045

113,782

Amounts owed by group undertakings and undertakings in which the company has a participating interest

102,384

15,384

Other debtors

 

112,340

74,954

Total current trade and other debtors

 

215,769

204,120

6

Creditors

Note

2018
£

2017
£

Due within one year

 

Trade creditors

 

7,229

16,368

Taxation and social security

 

7,455

(7,537)

Other creditors

 

81,472

68,166

 

96,156

76,997