2022-04-012023-03-312023-03-31false08832287ROMEO DANCE ACADEMY 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ROMEO DANCE ACADEMY LIMITED

Registered Number
08832287
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ROMEO DANCE ACADEMY LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

ROMEO, Accursio

Registered Address

Excel House
3 Duke Street
Bedford
MK40 3HR

Registered Number

08832287 (England and Wales)
ROMEO DANCE ACADEMY LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets529,80844,305
29,80844,305
Current assets
Debtors633,39414,804
Cash at bank and on hand5,1456,262
38,53921,066
Prepayments and accrued income5,0005,000
Creditors amounts falling due within one year7(29,497)(159,579)
Net current assets (liabilities)14,042(133,513)
Total assets less current liabilities43,850(89,208)
Net assets43,850(89,208)
Capital and reserves
Called up share capital100100
Share premium128,346-
Profit and loss account(84,596)(89,308)
Shareholders' funds43,850(89,208)
The financial statements were approved and authorised for issue by the Director on 20 June 2023, and are signed on its behalf by:
ROMEO, Accursio
Director
Registered Company No. 08832287
ROMEO DANCE ACADEMY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 222,95080,8049,29893,052
Additions--240240
At 31 March 232,95080,8049,53893,292
Depreciation and impairment
At 01 April 222,38541,4224,94048,747
Charge for year56512,8241,34814,737
At 31 March 232,95054,2466,28863,484
Net book value
At 31 March 23-26,5583,25029,808
At 31 March 2256539,3824,35844,305
6.Debtors

2023

2022

££
Trade debtors / trade receivables33,39412,013
Other debtors-2,791
Total33,39414,804
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables17,53617,772
Bank borrowings and overdrafts8,96912,445
Taxation and social security1,654-
Other creditors238128,262
Accrued liabilities and deferred income1,1001,100
Total29,497159,579
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.