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SORINTEQ ACADEMY LTD

Unaudited Financial Statements for the Year Ended 31 January 2023






SORINTEQ ACADEMY LTD (REGISTERED NUMBER: 08350093)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SORINTEQ ACADEMY LTD

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G C Oakley
D S J Morgan





SECRETARY: G C Oakley





REGISTERED OFFICE: Union House
111 New Union Street
Coventry
CV1 2NT





REGISTERED NUMBER: 08350093 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

SORINTEQ ACADEMY LTD (REGISTERED NUMBER: 08350093)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 63,043 67,965

CURRENT ASSETS
Debtors 6 138,868 108,806
Cash at bank 11,035 159,240
149,903 268,046
CREDITORS
Amounts falling due within one year 7 (46,926 ) (102,143 )
NET CURRENT ASSETS 102,977 165,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,020

233,868

PROVISIONS FOR LIABILITIES 9 (7,451 ) (7,319 )
NET ASSETS 158,569 226,549

CAPITAL AND RESERVES
Called up share capital 10 6 8
Capital redemption reserve 2 -
Retained earnings 158,561 226,541
SHAREHOLDERS' FUNDS 158,569 226,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SORINTEQ ACADEMY LTD (REGISTERED NUMBER: 08350093)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





G C Oakley - Director


SORINTEQ ACADEMY LTD (REGISTERED NUMBER: 08350093)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Sorinteq Academy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SORINTEQ ACADEMY LTD (REGISTERED NUMBER: 08350093)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 4,250 39,869 31,295 154,508 229,922
Additions 2,452 10,801 - 17,033 30,286
At 31 January 2023 6,702 50,670 31,295 171,541 260,208
DEPRECIATION
At 1 February 2022 4,250 28,410 1,304 127,993 161,957
Charge for year 308 6,740 7,824 20,336 35,208
At 31 January 2023 4,558 35,150 9,128 148,329 197,165
NET BOOK VALUE
At 31 January 2023 2,144 15,520 22,167 23,212 63,043
At 31 January 2022 - 11,459 29,991 26,515 67,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,868 99,718
Other debtors 84,000 9,088
138,868 108,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,875 1,309
Taxation and social security 39,571 71,434
Other creditors 5,480 29,400
46,926 102,143

8. LEASING AGREEMENTS
Total leasing commitments amount to £67,872 (2022: £16,508)

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 7,451 7,319

SORINTEQ ACADEMY LTD (REGISTERED NUMBER: 08350093)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 7,319
Provided during year 132
Balance at 31 January 2023 7,451

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary £1 6 8