REGISTERED NUMBER: |
Trevor Roberts School Ltd |
Unaudited Financial Statements |
for the Year Ended 31 August 2023 |
REGISTERED NUMBER: |
Trevor Roberts School Ltd |
Unaudited Financial Statements |
for the Year Ended 31 August 2023 |
Trevor Roberts School Ltd (Registered number: 01534204) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Trevor Roberts School Ltd |
Company Information |
for the Year Ended 31 August 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Trevor Roberts School Ltd (Registered number: 01534204) |
Balance Sheet |
31 August 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | ( |
) | ( |
) |
Pension liability | 7 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
Trevor Roberts School Ltd (Registered number: 01534204) |
Balance Sheet - continued |
31 August 2023 |
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 |
Trevor Roberts School Ltd (Registered number: 01534204) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | Statutory information |
Trevor Roberts School Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Computer equipment | - |
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. |
Trevor Roberts School Ltd (Registered number: 01534204) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
2. | Accounting policies - continued |
Pension costs and other post-retirement benefits |
For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between the contributions payable in the year and contributions actually paid are shown as either accruals or prepayments. |
The company also operates a separate un-funded defined benefit pension for one former employee. No benefits are accruing as the former employee is now retired and therefore the defined benefit liability represents the present value of the defined benefit obligation. The rate used to discount the benefit obligations to their present value is 3%. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 September 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2023 |
Depreciation |
At 1 September 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
5. | Debtors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Trade debtors |
Other debtors |
Trevor Roberts School Ltd (Registered number: 01534204) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
6. | Creditors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | Employee benefit obligations |
The amounts recognised in the balance sheet are as follows: |
Defined benefit |
pension plans |
31.8.23 | 31.8.22 |
£ | £ |
Present value of funded obligations |
Fair value of plan assets |
- | - |
Present value of unfunded obligations | ( |
) | ( |
) |
Deficit | ( |
) | ( |
) |
Net liability | ( |
) | ( |
) |
The amounts recognised in profit or loss are as follows: |
Defined benefit |
pension plans |
31.8.23 | 31.8.22 |
£ | £ |
Current service cost |
Past service cost |
- | - |
Actual return on plan assets |
Trevor Roberts School Ltd (Registered number: 01534204) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
7. | Employee benefit obligations - continued |
Changes in the present value of the defined benefit obligation are as follows: |
Defined benefit |
pension plans |
31.8.23 | 31.8.22 |
£ | £ |
Opening defined benefit obligation |
Actuarial losses/(gains) |
Benefits paid | ( |
) | ( |
) |
Changes in the fair value of scheme assets are as follows: |
Defined benefit |
pension plans |
31.8.23 | 31.8.22 |
£ | £ |
- | - |
The amounts recognised in other comprehensive income are as follows: |
Defined benefit |
pension plans |
31.8.23 | 31.8.22 |
£ | £ |
Actuarial gains/(losses) | ( |
) | ( |
) |
Deferred tax on defined benefit scheme | 22,242 | (12,556 | ) |
(9,953 | ) | (14,536 | ) |
The major categories of scheme assets as amounts of total scheme assets are as follows: |
31.8.23 | 31.8.22 |
£ | £ |
- | - |
Principal actuarial assumptions at the balance sheet date (expressed as weighted averages): |
31.8.23 | 31.8.22 |
Discount rate |
Future pension increases |