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Company Registration No. 12583815 (England and Wales)
DRUWA ACADEMY LTD Unaudited accounts for the year ended 31 May 2023
DRUWA ACADEMY LTD Unaudited accounts Contents
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DRUWA ACADEMY LTD Company Information for the year ended 31 May 2023
Director
Omodunni Abeyuwa Atalabi
Company Number
12583815 (England and Wales)
Registered Office
Unit 1 Edward VII Quay Navigation Way Ashton on Ribble Preston PR2 2YF England
Accountants
Provident Concepts Ltd 41 Persian Close Derby Derbyshire DE24 1AS
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DRUWA ACADEMY LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
7 
117 
Creditors: amounts falling due within one year
(6,688)
(23,291)
Net current liabilities
(6,681)
(23,174)
Total assets less current liabilities
(6,681)
(23,174)
Creditors: amounts falling due after more than one year
(46,257)
(30,943)
Net liabilities
(52,938)
(54,117)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(53,038)
(54,217)
Shareholders' funds
(52,938)
(54,117)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 September 2023 and were signed on its behalf by
Omodunni Abeyuwa Atalabi Director Company Registration No. 12583815
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DRUWA ACADEMY LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
DRUWA ACADEMY LTD is a private company, limited by shares, registered in England and Wales, registration number 12583815. The registered office is Unit 1 Edward VII Quay, Navigation Way, Ashton on Ribble, Preston, PR2 2YF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,715 
7,977 
Loans from directors
973 
15,314 
6,688 
23,291 
Amount invested by the director in the course of the year
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
10,000 
10,000 
Loans from directors
36,257 
20,943 
46,257 
30,943 
These are personal loans from directors and affiliated companies. The director and affiliated company does not intend to demand for the loans until the cashflow of the company improves
6
Transactions with related parties
Other Creditors represents loan provided by a sister company
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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