BIRDS PIANO ACADEMY LTD


Director	Arthur, BIRD


Registered Address	26 Lockey Croft
	Wigginton
	York
	YO32 2FP


Registered Number	12479952 (England and Wales)

Balance Sheet as at
28 February 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		3,351		1,918
			3,351		1,918
Current assets
Debtors	6	5,546		5,815
Cash at bank and on hand		1,383		1,095
		6,929		6,910
Creditors amounts falling due within one year	7	(10,119)		(8,491)
Net current assets (liabilities)			(3,190)		(1,581)
Total assets less current liabilities			161		337
Net assets			161		337
Capital and reserves
Called up share capital			100		100
Profit and loss account			61		237
Shareholders' funds			161		337

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 3 October 2023, and are signed on its behalf by:

Arthur, BIRD
Director
Registered Company No. 12479952

BIRDS PIANO ACADEMY LTD

Notes to the Financial Statements
for the year ended 28 February 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 March 22	2,557	2,557
Additions	2,550	2,550
At 28 February 23	5,107	5,107
Depreciation and impairment
At 01 March 22	639	639
Charge for year	1,117	1,117
At 28 February 23	1,756	1,756
Net book value
At 28 February 23	3,351	3,351
At 28 February 22	1,918	1,918

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	5,546	5,815
Total	5,546	5,815


	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.

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.

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	13	795
Bank borrowings and overdrafts	-	1,421
Amounts owed to related parties	6,065	216
Taxation and social security	4,041	6,059
Total	10,119	8,491


	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.