Achieve Education Limited - Accounts to registrar (filleted) - small 18.2
Achieve Education Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2018 |
| FOR |
| ACHIEVE EDUCATION LIMITED |
| ACHIEVE EDUCATION LIMITED (REGISTERED NUMBER: 09077274) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ACHIEVE EDUCATION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Old Coach House |
| Horsefair |
| Rugeley |
| Staffordshire |
| WS15 2EL |
| ACHIEVE EDUCATION LIMITED (REGISTERED NUMBER: 09077274) |
| BALANCE SHEET |
| 31 AUGUST 2018 |
| 31.8.17 | 31.8.18 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| ( |
) | NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| ( |
) | NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| ( |
) | Retained earnings | ( |
) |
| ( |
) | SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| ACHIEVE EDUCATION LIMITED (REGISTERED NUMBER: 09077274) |
| BALANCE SHEET - continued |
| 31 AUGUST 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| ACHIEVE EDUCATION LIMITED (REGISTERED NUMBER: 09077274) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2018 |
| 1. | STATUTORY INFORMATION |
| Achieve Education Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Chase |
| Grammar | Abbotsholme |
| Totals | School | asset |
| £ | £ | £ |
| COST |
| At 1 September 2017 | 7,547,099 |
| Additions | 229,000 |
| At 31 August 2018 | 7,776,099 |
| NET BOOK VALUE |
| At 31 August 2018 | 7,776,099 |
| At 31 August 2017 | 7,547,099 |
| ACHIEVE EDUCATION LIMITED (REGISTERED NUMBER: 09077274) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2018 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Cannock |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: Cannock |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: Uttoxeter |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ |
| Aggregate capital and reserves |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Abbotsholme loan | 3,570,453 | - |
| Intercompany loan CGS Ltd | - | 151,410 |
| Prepayments |
| ACHIEVE EDUCATION LIMITED (REGISTERED NUMBER: 09077274) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| School purchase fund | 2,400,000 | - |
| Intercompany loan CGS Ltd | (151,410 | ) | - |
| Other creditors-Mr & Mrs Ellse |
| Mist loan | 2,150,432 | - |
| Wages control account | 2,719 | - |
| Directors' current accounts | 305,900 | 302,900 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Directors loan account over1yr |