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 1 ## **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)| |---|---|---| 2 ## **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 3 **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**_ 4 ## **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**
**£**
-| 5 ## **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| |---|---|---| 6 ## **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)| |---|---|---| 7 ## **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
-| |---|---|---| 8