Pyramid Learning (Europe) Limited
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Registered number: |
12709849
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Balance Sheet |
as at 31 March 2021
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Notes |
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2021 |
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£ |
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Fixed assets |
Intangible assets |
3 |
|
|
9,600 |
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Current assets |
Cash at bank and in hand |
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|
489 |
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Creditors: amounts falling due within one year |
4 |
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(9,760) |
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Net current liabilities |
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(9,271) |
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Net assets |
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329 |
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Capital and reserves |
Called up share capital |
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|
1 |
Profit and loss account |
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328 |
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Shareholder's funds |
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329 |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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Mr. John Cropper |
Director |
Approved by the board on 18 July 2021
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Pyramid Learning (Europe) Limited
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Notes to the Accounts |
for the period from 1 July 2020 to 31 March 2021
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1 |
Accounting policies |
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Basis of preparation |
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less cumulative amortisation and any cumulative impairment losses.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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2 |
Employees |
2021 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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Additions |
12,000 |
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At 31 March 2021 |
12,000 |
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Amortisation |
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Provided during the period |
2,400 |
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At 31 March 2021 |
2,400 |
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Net book value |
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At 31 March 2021 |
9,600 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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4 |
Creditors: amounts falling due within one year |
2021 |
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£ |
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|
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Corporation tax |
14,480 |
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Other creditors |
(4,720) |
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9,760 |
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5 |
Other information |
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Pyramid Learning (Europe) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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108 Ridgefield Road |
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Oxford |
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Oxfordshire |
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OX4 3DB |