The Cheshire Theatre School Limited 06900316 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Theatre school services Digita Accounts Production Advanced 6.30.9574.0 true true 06900316 2022-06-01 2023-05-31 06900316 2023-05-31 06900316 core:RetainedEarningsAccumulatedLosses 2023-05-31 06900316 core:ShareCapital 2023-05-31 06900316 core:CurrentFinancialInstruments 2023-05-31 06900316 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06900316 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 06900316 core:FurnitureFittingsToolsEquipment 2023-05-31 06900316 bus:SmallEntities 2022-06-01 2023-05-31 06900316 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06900316 bus:FullAccounts 2022-06-01 2023-05-31 06900316 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 06900316 bus:RegisteredOffice 2022-06-01 2023-05-31 06900316 bus:Director1 2022-06-01 2023-05-31 06900316 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06900316 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 06900316 core:PlantMachinery 2022-06-01 2023-05-31 06900316 countries:AllCountries 2022-06-01 2023-05-31 06900316 2022-05-31 06900316 core:FurnitureFittingsToolsEquipment 2022-05-31 06900316 2021-06-01 2022-05-31 06900316 2022-05-31 06900316 core:RetainedEarningsAccumulatedLosses 2022-05-31 06900316 core:ShareCapital 2022-05-31 06900316 core:CurrentFinancialInstruments 2022-05-31 06900316 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06900316 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 06900316 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 06900316

The Cheshire Theatre School Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

The Cheshire Theatre School Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Cheshire Theatre School Limited

Company Information

Director

Mrs Victoria Lisbeth Goodwin

Registered office

26 Edward Court
Broadheath
Altrincham
WA14 5GL

Accountants

Bright Partnership LLP
Chartered Accountants & Business Advisors
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

 

The Cheshire Theatre School Limited

(Registration number: 06900316)
Statement of Financial Position as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

256

301

Current assets

 

Debtors

5

-

12,123

Cash at bank and in hand

 

12,886

706

 

12,886

12,829

Creditors: Amounts falling due within one year

6

(13,092)

(9,215)

Net current (liabilities)/assets

 

(206)

3,614

Total assets less current liabilities

 

50

3,915

Creditors: Amounts falling due after more than one year

6

(8,667)

(12,667)

Net liabilities

 

(8,617)

(8,752)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(8,717)

(8,852)

Shareholders' deficit

 

(8,617)

(8,752)

For the financial year ending 31 May 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 year 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 12 February 2024
 

.........................................
Mrs Victoria Lisbeth Goodwin
Director

 

The Cheshire Theatre School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

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

The address of its registered office is:
26 Edward Court
Broadheath
Altrincham
WA14 5GL
England

The principal place of business is:
Houldsworth Mill
Reddish
Stockport
SK5 6SD

These financial statements were authorised for issue by the director on 12 February 2024.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

 

The Cheshire Theatre School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Tax

The tax expense for the period comprises current 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 income 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Plant & machinery

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

The Cheshire Theatre School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

The Cheshire Theatre School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

903

903

At 31 May 2023

903

903

Depreciation

At 1 June 2022

602

602

Charge for the year

45

45

At 31 May 2023

647

647

Carrying amount

At 31 May 2023

256

256

At 31 May 2022

301

301

5

Debtors

Current

2023
£

2022
£

Other debtors

-

12,123

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

4,000

3,999

Taxation and social security

 

8,312

4,436

Accruals and deferred income

 

780

780

 

13,092

9,215

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8,667

12,667