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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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TEACHERCENTRIC LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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FOR |
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TEACHERCENTRIC LIMITED |
TEACHERCENTRIC LIMITED (REGISTERED NUMBER: 06055034) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
TEACHERCENTRIC LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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TEACHERCENTRIC LIMITED (REGISTERED NUMBER: 06055034) |
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ABBREVIATED BALANCE SHEET |
31 JULY 2016 |
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31.7.16 | 31.7.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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. |
TEACHERCENTRIC LIMITED (REGISTERED NUMBER: 06055034) |
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ABBREVIATED BALANCE SHEET - continued |
31 JULY 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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TEACHERCENTRIC LIMITED (REGISTERED NUMBER: 06055034) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Preparation of consolidated financial statements |
The financial statements contain information about Teachercentric Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Intangible fixed assets |
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, |
over their expected useful economic life. Where the directors consider that there has been a permanent |
impairment in value the asset is written off to its realisable value in the year of impairment. |
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IP - 20% straight line |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixed asset investments |
Fixed asset investments are held at cost less diminution in value. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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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. |
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Going concern |
The financial statements have been prepared on the going concern basis. The company incurred losses during the |
year and the directors are aware that the balance sheet shows negative net assets. However the directors have |
been successful in attracting further investment both during the year and after the year end giving them a |
reasonable expectation that the company will have sufficient resources to meet its obligations, if and when, they |
become due. The directors are therefore of the opinion that they should continue to adopt the going concern basis |
of accounting in preparing the financial statements. |
TEACHERCENTRIC LIMITED (REGISTERED NUMBER: 06055034) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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AMORTISATION |
At 1 August 2015 |
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Amortisation for year |
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At 31 July 2016 |
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NET BOOK VALUE |
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At 31 July 2016 |
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At 31 July 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Charge for year |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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TEACHERCENTRIC LIMITED (REGISTERED NUMBER: 06055034) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 August 2015 |
and 31 July 2016 | 1 |
NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | (96,980 | ) | (9,248 | ) |
Loss for the year | (87,731 | ) | (9,249 | ) |
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5. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.16 | 31.7.15 |
value: | £ | £ |
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Ordinary shares | £0.01 |
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Seed Preferred | £0.01 |
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1,560 | 1,311 |
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On 10 May 2016, the Company issued 1,041 Ordinary shares of £0.01 each for a total consideration of £50,962 |
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On 10 May 2016, the Company issued 23,845 Seed Preferred shares of £0.01 each for a total consideration |
£1,354,828. |