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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31 March 2021 |
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The Further Educational Tutorial Network |
REGISTERED NUMBER:
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31 March 2021 |
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for |
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The Further Educational Tutorial Network |
The Further Educational Tutorial Network (Registered number: 07207413) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2021 |
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Company Information | 1 |
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Report of the Director | 2 |
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Chartered Accountants' Report | 3 |
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Profit and Loss Account | 4 |
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Balance Sheet | 5 | to | 6 |
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Notes to the Financial Statements | 7 | to | 8 |
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The Further Educational Tutorial Network |
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Company Information |
for the Year Ended 31 March 2021 |
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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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Chartered Accountants |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
The Further Educational Tutorial Network (Registered number: 07207413) |
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Report of the Director |
for the Year Ended 31 March 2021 |
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The director presents her report with the financial statements of the Company for the year ended 31 March 2021. |
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PRINCIPAL ACTIVITY |
The principal activity of the Company in the year under review was that of providing training and educational services. |
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DIRECTOR |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
The Further Educational Tutorial Network |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Further Educational Tutorial Network for the year ended 31 March 2021 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of The Further Educational Tutorial Network in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Further Educational Tutorial Network and state those matters that we have agreed to state to the director of The Further Educational Tutorial Network in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Further Educational Tutorial Network and its director for our work or for this report. |
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It is your duty to ensure that The Further Educational Tutorial Network has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Further Educational Tutorial Network. You consider that The Further Educational Tutorial Network is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Further Educational Tutorial Network. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
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The Further Educational Tutorial Network (Registered number: 07207413) |
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Profit and Loss Account |
for the Year Ended 31 March 2021 |
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2021 | 2020 |
£ | £ |
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TURNOVER |
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Cost of sales |
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GROSS SURPLUS |
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Administrative expenses |
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OPERATING DEFICIT and |
DEFICIT BEFORE TAXATION | ( |
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Tax on deficit |
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DEFICIT FOR THE FINANCIAL YEAR | ( |
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The Further Educational Tutorial Network (Registered number: 07207413) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account |
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The Further Educational Tutorial Network (Registered number: 07207413) |
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Balance Sheet - continued |
31 March 2021 |
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The director acknowledges her 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 surplus or deficit 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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The financial statements were approved by the director and authorised for issue on
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The Further Educational Tutorial Network (Registered number: 07207413) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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The Further Educational Tutorial Network is a
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The presentation and functional currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis under the historical cost convention.The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2021/2022 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis. |
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Significant judgements and estimates |
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated. |
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Turnover |
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities. |
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Tangible fixed assets |
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Plant and machinery | - |
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All fixed assets are initially recorded at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
The Further Educational Tutorial Network (Registered number: 07207413) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
At 1 April 2020 |
and 31 March 2021 |
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DEPRECIATION |
At 1 April 2020 |
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Charge for year |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 31 March 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Other creditors |
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8. | LIMITED BY GUARANTEE |
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The Company is limited by guarantee and therefore has no share capital. |