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Registration number: 08387440

Street Beat College

Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Street Beat College

(Registration number: 08387440)

Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

3,772

862

Cash at bank and in hand

 

13,182

17,250

 

16,954

18,112

Creditors: Amounts falling due within one year

5

(13,125)

(15,883)

Net assets

 

3,829

2,229

Capital and reserves

 

Profit and loss account

3,829

2,229

Shareholders' funds

 

3,829

2,229

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 6 November 2023 and signed on its behalf by:
 

.........................................

Kim Oakley-Duffill
Director

 

Street Beat College

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

Accounting policies

Street Beat College is a private company, limited by guarantee, domiciled in England and Wales, company number 08387440. The registered office is at Vaudeville, Turbary Road, Epworth, Doncaster, South Yorkshire, DN9 1DY, England.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover represents monies received from local authorities and receipts from performances to the general public.

Government grants

Grants that do not impose specified future performance-related conditions are recognised in income when the grant proceeds are received or receivable. Grants that impose specified future performance-related conditions are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

 

Street Beat College

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

3

Tangible assets

Office equipment
£

Total
£

Cost

At 1 March 2022

6,172

6,172

At 28 February 2023

6,172

6,172

Depreciation

At 1 March 2022

6,172

6,172

At 28 February 2023

6,172

6,172

Carrying amount

At 28 February 2023

-

-

4

Debtors

2023
 £

2022
 £

Trade debtors

3,596

686

Prepayments

176

176

3,772

862

 

Street Beat College

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5

Creditors

Creditors: amounts falling due within one year

2023
 £

2022
 £

Due within one year

Trade creditors

4,044

170

Other creditors

8,169

14,923

Accrued expenses

912

790

13,125

15,883

6

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.