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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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HERTS TUTORS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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FOR |
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HERTS TUTORS LIMITED |
HERTS TUTORS LIMITED (REGISTERED NUMBER: 07156300) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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HERTS TUTORS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Counting House |
High Street |
Lutterworth |
Leicestershire |
LE17 4AY |
HERTS TUTORS LIMITED (REGISTERED NUMBER: 07156300) |
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BALANCE SHEET |
28 FEBRUARY 2018 |
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28.2.18 | 28.2.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
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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. |
HERTS TUTORS LIMITED (REGISTERED NUMBER: 07156300) |
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BALANCE SHEET - continued |
28 FEBRUARY 2018 |
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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 director on
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HERTS TUTORS LIMITED (REGISTERED NUMBER: 07156300) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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1. | STATUTORY INFORMATION |
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Herts Tutors Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures fittings & equipment | - |
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Financial instruments |
Financial assets |
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of |
receivables is established where there is objective evidence that the company will not be able to collect all amounts |
due according to the original terms of payment. Receivables are considered for impairment on a case by case basis |
and any provision is based on the directors' assessment of the amount recoverable on each receivable. |
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Financial liabilities |
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the |
effective interest rate method. Financial liabilities are recognised when the company becomes a party to the |
contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in |
which they are incurred. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid |
investments with original maturities of three months or less, and bank overdrafts. |
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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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HERTS TUTORS LIMITED (REGISTERED NUMBER: 07156300) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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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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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 |
Fixtures |
fittings |
& equipment |
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COST |
At 1 March 2017 |
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Additions |
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At 28 February 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Charge for year |
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At 28 February 2018 |
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NET BOOK VALUE |
At 28 February 2018 |
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At 28 February 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Tax |
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Social security and other taxes |
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Directors' current accounts | 14 | 3,661 |
Accrued expenses |
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HERTS TUTORS LIMITED (REGISTERED NUMBER: 07156300) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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6. | PROVISIONS FOR LIABILITIES |
28.2.18 | 28.2.17 |
£ | £ |
Deferred tax |
Deferred tax | 1,776 | 1,406 |
Movement in the year | (492 | ) | 370 |
1,284 | 1,776 |
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Deferred |
tax |
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Balance at 1 March 2017 |
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Credit to Income Statement during year | ( |
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Movement in year |
Balance at 28 February 2018 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.18 | 28.2.17 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 March 2017 |
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Profit for the year |
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Dividends | ( |
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At 28 February 2018 |
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9. | RELATED PARTY DISCLOSURES |
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As at 28 February 2018 an amount of £14 (2017 - £3,661) was due to the director Ms S Sharma and is included |
within creditors on the balance sheet. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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