Norton College (Tewkesbury) Limited - Accounts to registrar (filleted) - small 18.2
Norton College (Tewkesbury) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 28 AUGUST 2018 TO 31 AUGUST 2019 |
| FOR |
| NORTON COLLEGE (TEWKESBURY) LIMITED |
| NORTON COLLEGE (TEWKESBURY) LIMITED (REGISTERED NUMBER: 11539895) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the period 28 August 2018 to 31 August 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NORTON COLLEGE (TEWKESBURY) LIMITED |
| COMPANY INFORMATION |
| for the period 28 August 2018 to 31 August 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1110 Elliott Court |
| Coventry Business Park |
| Herald Avenue |
| Coventry |
| West Midlands |
| CV5 6UB |
| NORTON COLLEGE (TEWKESBURY) LIMITED (REGISTERED NUMBER: 11539895) |
| BALANCE SHEET |
| 31 August 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| 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 | 8 |
| Retained earnings | 9 | ( |
) |
| 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. |
| 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 behalf by: |
| NORTON COLLEGE (TEWKESBURY) LIMITED (REGISTERED NUMBER: 11539895) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the period 28 August 2018 to 31 August 2019 |
| 1. | STATUTORY INFORMATION |
| Norton College (Tewkesbury) Limited is a |
| and Wales. The 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 |
| The nature of the company's operations and principal activities are general secondary education. |
| The financial statements are presented in sterling which is the functional currency of the company and |
| rounded to the nearest £1. |
| The significant accounting policies applied in the preparation of these financial statements are set out |
| below. These policies have been consistently applied to all years presented unless otherwise stated. |
| The financial statements have been prepared on a going concern basis despite the net current liability |
| position of £55,475. This position is influenced by the requirement under FRS102 to show group debt |
| with no defined payment terms as being due within one year. The Company has full group support in |
| the form of such an inter-company loan. Although the loan is repayable on demand, the directors do |
| not consider that the lender will require repayment in the foreseeable future, and therefore the |
| company will be able to continue as a going concern. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Student fees are recognised on a receivables basis with any monies owing at the year end accounted |
| for as a debtor. Any student fees received in advance are deferred to the relevant accounting period. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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. |
| NORTON COLLEGE (TEWKESBURY) LIMITED (REGISTERED NUMBER: 11539895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 28 August 2018 to 31 August 2019 |
| 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. |
| 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 period 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. |
| 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. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are |
| recorded at transaction price. Any losses arising from impairment re recognised in the profit and loss |
| account in other administrative expenses. |
| Provisions |
| Provisions are recognised when the company has an obligation at the balance sheet date as a result of |
| a past event, it is probable that an outflow of economic benefits will be required in settlement and the |
| amount can be reliably estimated. |
| Judgements and key sources of estimation uncertainty |
| No significant judgements have been made in the process of applying the above accounting policies. |
| There are no key sources of estimation uncertainty at the reporting date that have a significant risk of |
| causing a material adjustment to the carrying amounts of assets and liabilities within the next financial |
| year. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Motor | Computer |
| leasehold | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| Additions |
| At 31 August 2019 |
| DEPRECIATION |
| Charge for period |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| NORTON COLLEGE (TEWKESBURY) LIMITED (REGISTERED NUMBER: 11539895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 28 August 2018 to 31 August 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Other creditors | ( |
) |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | 1 | 1 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| Deficit for the period | ( |
) |
| At 31 August 2019 | ( |
) |
| 10. | ULTIMATE PARENT COMPANY |
| The company's ultimate parent company is Crucible Education Limited, a company incorporated in |
| England. |