2021-01-31-accounts

Registered number 07927267

Community Education Employment and Advice Limited

Report and Accounts

31 January 2021

Community Education Employment and Advice Limited Registered number: 07927267 Directors' Report

The directors present their report and accounts for the year ended 31 January 2021.

Principal activities

The company's principal activity during the year continued to be that of other education not elsewhere classified.

Directors

The following persons served as directors during the year:

Wajid Hussain Ruksanna Malik

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 1 March 2021 and signed on its behalf.

Wajid Hussain

Director

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Community Education Employment and Advice Limited Profit and Loss Account for the year ended 31 January 2021

Turnover Cost of sales Gross profit Administrative expenses Loss before taxation Loss for the financial year	2021 £ 50,729 - 50,729 (54,604) (3,875) (3,875)	2020 £ 35,156 (72) 35,084 (38,051) (2,967) (2,967)

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Community Education Employment and Advice Limited Registered number: 07927267 Balance Sheet as at 31 January 2021

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current (liabilities)/assets Total assets less current liabilities Net (liabilities)/assets Capital and reserves Called up share capital Profit and loss account Shareholders' funds	2021 £ 418 418 - 4,631 4,631 (6,170) (1,539) (1,121) (1,121) 1 (1,122) (1,121)	2020 £ 557 557 315 3,367 3,682 (1,485) 2,197 2,754 2,754 1 2,753 2,754

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Wajid Hussain Director Approved by the board on 1 March 2021

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Community Education Employment and Advice Limited Notes to the Accounts for the year ended 31 January 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

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Community Education Employment and Advice Limited Notes to the Accounts for the year ended 31 January 2021

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees	2021	2020
		Number	Number
	Average number of persons employed by the company	4	4
3	Tangible fixed assets

2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2021 Number 4	2020 Number 4
	Cost At 1 February 2020 Additions Surplus on revaluation Disposals At 31 January 2021 Depreciation At 1 February 2020 Charge for the year Surplus on revaluation On disposals At 31 January 2021 Net book value At 31 January 2021 At 31 January 2020 Freehold land and buildings: Historical cost	Land and buildings £ - - - - - - - - - - - -	Plant and machinery etc £ 4,899 - - - 4,899 4,342 139 - - 4,481 418 557	Motor vehicles £ - - - - - - - - - - - - 2021 £ -	Total £ 4,899 - - - 4,899 4,342 139 - - 4,481 418 557 2020 £ -

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Community Education Employment and Advice Limited Notes to the Accounts for the year ended 31 January 2021

Cumulative depreciation based on historical cost 4 Debtors Trade debtors Deferred tax asset Other debtors Amounts due after more than one year included above 5 Creditors: amounts falling due within one year Non-equity preference shares Bank loans and overdrafts Obligations under finance lease and hire purchase contracts Trade creditors Taxation and social security costs Other creditors Amounts owed by group undertakings and undertakings in which the company has a participating interest Amounts owed to group undertakings and undertakings in which the company has a participating interest	- - 2021 £ - - - - - - 2021 £ - 5,000 - 750 - - 420 6,170	- - 2020 £ 315 - - - 315 - 2020 £ - - - - - 977 508 1,485

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Community Education Employment and Advice Limited Detailed profit and loss account for the year ended 31 January 2021

This schedule does not form part of the statutory accounts

Sales Cost of sales Gross profit Administrative expenses Operating loss Loss before tax	2021 £ 50,729 - 50,729 (54,604) (3,875) (3,875)	2020 £ 35,156 (72) 35,084 (38,051) (2,967) (2,967)

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Community Education Employment and Advice Limited Detailed profit and loss account for the year ended 31 January 2021

This schedule does not form part of the statutory accounts

Sales Sales Cost of sales Purchases Distribution costs Administrative expenses Employee costs: Wages and salaries Motor expenses Premises costs: Rent Rates Service charges Water General administrative expenses: Stationery and printing Subscriptions Bank charges Software Repairs and maintenance Depreciation Water Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional Other operating income	2021 £ 50,729 50,729 - - - 26,771 - 26,771 5,789 323 - 220 6,332 - - 846 1,826 500 139 4,910 - 8,221 420 - 12,860 13,280 54,604 -	2020 £ 35,156 35,156 72 72 - 25,269 1,594 26,863 5,233 181 145 - 5,559 60 31 29 3,283 559 186 - 150 4,298 350 31 950 1,331 38,051 -

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