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The National Teaching & Advisory Service |
Limited |
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Unaudited Financial Statements |
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For The Year Ended 31 August 2020 |
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REGISTERED NUMBER:
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The National Teaching & Advisory Service |
Limited |
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Unaudited Financial Statements |
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For The Year Ended 31 August 2020 |
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The National Teaching & Advisory Service |
Limited (Registered number: 03502340) |
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Contents of the Financial Statements |
For The Year Ended 31 August 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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The National Teaching & Advisory Service |
Limited |
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Company Information |
For The Year Ended 31 August 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
St George's House |
56 Peter Street |
Manchester |
M2 3NQ |
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BANKERS: |
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53 King Street |
Manchester |
M60 2ES |
The National Teaching & Advisory Service |
Limited (Registered number: 03502340) |
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Balance Sheet |
31 August 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 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 | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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The National Teaching & Advisory Service |
Limited (Registered number: 03502340) |
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Notes to the Financial Statements |
For The Year Ended 31 August 2020 |
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1. | STATUTORY INFORMATION |
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The National Teaching & Advisory Service Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that the economic benefits associated with the services rendered will transfer to the customer and that the consideration can be measured reliably. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Financial instruments |
The following assets and liabilities are classified as financial instruments - Trade debtors, trade creditors, related party loans and directors loan accounts. They are measured at the undiscounted amount of cash and other consideration expected to be paid or received. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate. |
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Employee benefits |
Short term employee benefits, including holiday pay are recognised as an expense in the income statement in the period in which they are incurred. |
The National Teaching & Advisory Service |
Limited (Registered number: 03502340) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 August 2020 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 September 2019 |
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Additions |
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Disposals | ( |
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At 31 August 2020 |
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DEPRECIATION |
At 1 September 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 August 2020 |
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NET BOOK VALUE |
At 31 August 2020 |
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At 31 August 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | SECURED DEBTS |
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It is a condition of the banking facilities that amounts owing shall be secured by an unlimited debenture dated 30th January 2008. |
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8. | OTHER FINANCIAL COMMITMENTS |
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Operating Leases |
At 31 August 2020, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £124,500 (2019: £166,000). |
The National Teaching & Advisory Service |
Limited (Registered number: 03502340) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 August 2020 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 August 2020 and 31 August 2019: |
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2020 | 2019 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | RELATED PARTY DISCLOSURES |
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Three Circles Fostering Limited, a company with common control. Both companies share the same offices and some services. |
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During the year the company provided services to Three Circles Fostering Limited of Educational Casework charges of £216,000 (2019 - £180,000). Rates and rental recharges of £84,537 (2019 - £66,567. and photocopying and other recharges of £8,606 (2019 - £11,103) |