Company Registration No. 04202211 (England and Wales)
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Unaudited accounts
for the year ended 5 April 2018
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Unaudited accounts
Contents
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Company Information
for the year ended 5 April 2018
Director
Mr M Aktaruzzaman
Company Number
04202211 (England and Wales)
Registered Office
149 COMMERCIAL ROAD
LONDON
E1 1PX
Accountants
Dynamic Accountants Ltd
1st Floor (Front), 101 Commercial Road
Duru House
London
E1 1RD
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Statement of financial position
as at
5 April 2018
Tangible assets
59,320
67,034
Investment property
3,388,510
3,820,640
Cash at bank and in hand
392,583
71,050
Creditors: amounts falling due within one year
(316,776)
(496,003)
Net current assets/(liabilities)
161,553
(388,882)
Total assets less current liabilities
3,609,383
3,498,792
Provisions for liabilities
Net assets
3,609,383
3,437,986
Called up share capital
100
100
Profit and loss account
3,609,283
3,437,886
Shareholders' funds
3,609,383
3,437,986
For the year ending 5 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 December 2018.
Mr M Aktaruzzaman
Director
Company Registration No. 04202211
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Notes to the Accounts
for the year ended 5 April 2018
EAST END COMPUTING & BUSINESS COLLEGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04202211. The registered office is 149 COMMERCIAL ROAD, LONDON, E1 1PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Notes to the Accounts
for the year ended 5 April 2018
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
14,830
5
Investment property
2018
Fair value at 6 April 2017
3,820,640
Net loss from fair value adjustments
(443,960)
At 5 April 2018
3,388,510
Investment property comprises £3,388,510. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Deferred tax asset
77,465
-
Accrued income and prepayments
6,000
35,022
Other debtors
2,281
1,049
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
28,295
55,875
Taxes and social security
189,102
436,531
Loans from directors
3,450
-
8
Transactions with related parties
The company had an outstanding directors loan of £3,450 in credit (Prior year £0) at the year end. This is included in other creditors in note 7. The loan is interest free and repayable on demand.
EAST END COMPUTING & BUSINESS COLLEGE LIMITED
Notes to the Accounts
for the year ended 5 April 2018
9
Average number of employees
During the year the average number of employees was 19 (2017: 26).