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
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
DRUWA ACADEMY LTD
Statement of financial position
as at 31 May 2023
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)
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
DRUWA ACADEMY LTD
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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).