Registered number
08873691
Trojan Martial Arts Academy Ltd
Filleted Accounts
28 February 2023
Trojan Martial Arts Academy Ltd
Registered number: 08873691
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,697 6,654
Current assets
Cash at bank and in hand 5,861 1,865
Creditors: amounts falling due within one year 4 (16,527) (14,935)
Net current liabilities (10,666) (13,070)
Total assets less current liabilities (5,969) (6,416)
Creditors: amounts falling due after more than one year 5 (4,660) (6,414)
Net liabilities (10,629) (12,830)
Capital and reserves
Called up share capital 1 1
Profit and loss account (10,630) (12,831)
Shareholder's funds (10,629) (12,830)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G C Burrows
Director
Approved by the board on 26 November 2023
Trojan Martial Arts Academy Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment over 5 years
Fixtures and fittings over 5 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Equipment Fixtures and fittings Total
£ £ £
Cost
At 1 March 2022 20,410 6,628 27,038
At 28 February 2023 20,410 6,628 27,038
Depreciation
At 1 March 2022 14,514 5,870 20,384
Charge for the year 1,199 758 1,957
At 28 February 2023 15,713 6,628 22,341
Net book value
At 28 February 2023 4,697 - 4,697
At 28 February 2022 5,896 758 6,654
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,787 1,777
Trade creditors 6,546 8,144
Taxation and social security costs 3,664 2,560
Other creditors 4,530 2,454
16,527 14,935
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,660 6,414
6 Other information
Trojan Martial Arts Academy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Hall Lane
Walsall Wood
Walsall
WS9 9AS
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