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Registration number: 08923364

Emmi-Lou Dance Academy Ltd

Unaudited Financial Statements

for the Period from 1 April 2022 to 31 August 2023

 

Emmi-Lou Dance Academy Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Emmi-Lou Dance Academy Ltd

Company Information

Director

Miss Emma Louise Jones

Registered office

25 Ashenhurst Way
Leek
Staffordshire
ST13 5SB

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Emmi-Lou Dance Academy Ltd

(Registration number: 08923364)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

498

657

Current assets

 

Debtors

2,493

538

Cash at bank and in hand

 

9,961

21,071

 

12,454

21,609

Creditors: Amounts falling due within one year

5

(7,303)

(12,405)

Net current assets

 

5,151

9,204

Total assets less current liabilities

 

5,649

9,861

Creditors: Amounts falling due after more than one year

5

(5,550)

(9,500)

Provisions for liabilities

(95)

(125)

Net assets

 

4

236

Capital and reserves

 

Called up share capital

1

1

Retained earnings

3

235

Shareholders' funds

 

4

236

 

Emmi-Lou Dance Academy Ltd

(Registration number: 08923364)
Balance Sheet as at 31 August 2023

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges her 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2024
 

.........................................
Miss Emma Louise Jones
Director

 

Emmi-Lou Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Ashenhurst Way
Leek
Staffordshire
ST13 5SB
England

2

Accounting policies

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through loans provided by lenders. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Emmi-Lou Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services provided in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

15% reducing balance method

Fixtures and fittings

20% reducing balance method

 

Emmi-Lou Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

452

1,876

2,328

At 31 August 2023

452

1,876

2,328

Depreciation

At 1 April 2022

177

1,494

1,671

Charge for the period

78

81

159

At 31 August 2023

255

1,575

1,830

Carrying amount

At 31 August 2023

197

301

498

At 31 March 2022

275

382

657

 

Emmi-Lou Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

3,000

3,000

Taxation and social security

 

2,729

7,061

Accruals and deferred income

 

1,536

960

Other creditors

 

38

1,384

 

7,303

12,405

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

5,550

9,500