REGISTERED NUMBER: 06857560 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Accelerated Education Tuition Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S C Curran

REGISTERED OFFICE:

Unit 8, Vector Park

Forest Road

Feltham

Middlesex

TW13 7EJ

REGISTERED NUMBER:

06857560 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Intangible assets

2

801,370

1,061,370

Tangible assets

3

2,415,386

143,043

3,216,756

1,204,413

CURRENT ASSETS

Stocks

41,127

58,709

Debtors

83,468

37,516

Cash at bank and in hand

287,789

615,172

412,384

711,397

CREDITORS

Amounts falling due within one year

4

2,274,644

1,605,946

NET CURRENT LIABILITIES

(1,862,260

)

(894,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,354,496

309,864

CREDITORS

Amounts falling due after more than one year

4

(840,000

)

-

PROVISIONS FOR LIABILITIES

(10,927

)

(27,443

)

NET ASSETS

503,569

282,421

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

503,469

282,321

SHAREHOLDERS' FUNDS

503,569

282,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 March 2017 and were signed by:

S C Curran - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents tuition fees and related charges, exclusive of VAT, in respect of courses delivered during the academic

year which runs to the financial year end. Amounts received in advance in respect of the following academic and financial

year are treated as deferred income. Tuition fees for short or non-annual courses are recognised as turnover in the financial

year in which the course takes place.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Land and buildings

-

25% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and in accordance with the property

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

1,300,000

AMORTISATION

At 1 September 2015

238,630

Amortisation for year

260,000

At 31 August 2016

498,630

NET BOOK VALUE

At 31 August 2016

801,370

At 31 August 2015

1,061,370

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

283,748

Additions

2,295,363

At 31 August 2016

2,579,111

DEPRECIATION

At 1 September 2015

140,705

Charge for year

23,020

At 31 August 2016

163,725

NET BOOK VALUE

At 31 August 2016

2,415,386

At 31 August 2015

143,043

4.

CREDITORS

Creditors include an amount of £ 1,269,000 for which security has been given.

They also include the following debts falling due in more than five years:

31.8.16

31.8.15

£

£

Repayable otherwise than by instalments

450,000

-

Repayable by instalments

390,000

-

840,000

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE CONTROLLING PARTY

The controlling party is S C Curran.

The ultimate controlling party is S C Curran.