for the Period Ended 31 July 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2022
Principal activities of the company
Additional information
DIRECTOR’S RESPONSIBILITIES STATEMENTThe Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to:-select suitable accounting policies and then apply them consistently;-make judgements and accounting estimates that are reasonable and prudent;-state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.GOING CONCERNNotwithstanding net current liabilities of £245,390 as at 31 July 2022, a profit has been made for the year then ended of £251,180 and the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.:The directors have prepared forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account reasonably possible downsides, the company will have sufficient funds to meet its liabilities as they fall due for that period. Furthermore, the management accounts to May 2023 show a profit for the 10 months then ended of £40,788 against a forecast loss of £37,694 due to cost savings in a number of areas.Those forecasts are dependent on South Essex College not seeking repayment of the amounts currently due to the group, which at 31 July 2022 amounted to £842,542. South Essex College has confirmed that it does not intend to seek repayment of the amounts due at the balance sheet date for the period covered by the forecasts. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
Directors
The directors shown below have held office during the whole of the period from
1 August 2021 to 31 July 2022
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | ( |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Other reserves: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2022
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 July 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 August 2021 | | | | | ||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2022 | | | | | ||
Depreciation | ||||||
At 1 August 2021 | | | | | ||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 July 2022 | | | | | ||
Net book value | ||||||
At 31 July 2022 | | | | | ||
At 31 July 2021 | | | | |
for the Period Ended 31 July 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 31 July 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 July 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |