1 September 2022 v2024.5.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP073289802022-09-012023-08-31073289802023-08-31073289802022-08-3107328980core:WithinOneYear2023-08-3107328980core:WithinOneYear2022-08-3107328980core:RetainedEarningsAccumulatedLosses2023-08-3107328980core:RetainedEarningsAccumulatedLosses2022-08-3107328980bus:Director12022-09-012023-08-3107328980bus:RegisteredOffice2022-09-012023-08-3107328980core:FurnitureFittingsToolsEquipment2022-09-012023-08-31073289802021-09-012022-08-31073289802022-09-0107328980core:AfterOneYear2023-08-3107328980core:AfterOneYear2022-08-310732898012022-09-012023-08-3107328980countries:EnglandWales2022-09-012023-08-3107328980bus:AuditExemptWithAccountantsReport2022-09-012023-08-3107328980bus:CompanyLimitedByGuarantee2022-09-012023-08-3107328980bus:SmallEntities2022-09-012023-08-3107328980bus:AbridgedAccounts2022-09-012023-08-31
Company registration number:
07328980
Expressions Academy Of Performing Arts Limited
Company limited by guarantee
Unaudited Filleted Abridged Financial Statements for the year ended
31 August 2023
Expressions Academy Of Performing Arts Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Expressions Academy Of Performing Arts Limited
Year ended
31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
abridged financial statements
of
Expressions Academy Of Performing Arts Limited
for the year ended
31 August 2023
which comprise the abridged income statement, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Expressions Academy Of Performing Arts Limited
, as a body. My work has been undertaken solely to prepare for your approval the
abridged financial statements
of
Expressions Academy Of Performing Arts Limited
and state those matters that I have agreed to state to the Board of Directors of
Expressions Academy Of Performing Arts Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Expressions Academy Of Performing Arts Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Expressions Academy Of Performing Arts Limited
has kept adequate accounting records and to prepare statutory
abridged financial statements
that give a true and fair view of the assets, liabilities, financial position and deficit of
Expressions Academy Of Performing Arts Limited
. You consider that
Expressions Academy Of Performing Arts Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the abridged financial statements of Expressions Academy Of Performing Arts Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory abridged financial statements.
J M Bramley Accountants
106 Carter Lane
Mansfield
Notts
NG18 3DH
United Kingdom
Expressions Academy Of Performing Arts Limited
Abridged Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
46,454
 
46,432
 
Current assets    
Debtors
5,402
 
6,602
 
Cash at bank and in hand
277,506
 
334,900
 
282,908
 
341,502
 
Creditors: amounts falling due within one year
(5,596
)
(57,692
)
Net current assets
277,312
 
283,810
 
Total assets less current liabilities 323,766   330,242  
Provisions for liabilities
(8,655
)
(8,613
)
Net assets
315,111
 
321,629
 
Capital and reserves    
Income and expenditure account
315,111
 
321,629
 
Members funds
315,111
 
321,629
 
For the year ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 August 2023
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
20 February 2024
, and are signed on behalf of the board by:
M Glasby
Director
Company registration number:
07328980
Expressions Academy Of Performing Arts Limited
Notes to the Abridged Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
106 Carter Lane
,
Mansfield
,
Notts
,
NG18 3DH
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable surplus for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in surplus or deficit to the extent that it reverses a revaluation decrease of the same asset previously recognised in surplus or deficit. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in surplus or deficit.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax deficits and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable surpluses. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
9
(2022:
9.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 September 2022
81,408
 
Additions
8,226
 
At
31 August 2023
89,634
 
Depreciation  
At
1 September 2022
34,976
 
Charge
8,204
 
At
31 August 2023
43,180
 
Carrying amount  
At
31 August 2023
46,454
 
At 31 August 2022
46,432
 

6 Directors' advances, credit and guarantees

The land and buildings used by the company are leased from a director. No rent was charged for the year ended 31 August 2023 (2022 - Nil)