Brighton Academy Limited 08138345 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Performing Arts School Digita Accounts Production Advanced 6.30.9574.0 true false 08138345 2022-08-01 2023-07-31 08138345 2023-07-31 08138345 bus:OrdinaryShareClass1 2023-07-31 08138345 core:CurrentFinancialInstruments 2023-07-31 08138345 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 08138345 core:Non-currentFinancialInstruments 2023-07-31 08138345 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 08138345 core:FurnitureFittingsToolsEquipment 2023-07-31 08138345 core:LandBuildings 2023-07-31 08138345 bus:SmallEntities 2022-08-01 2023-07-31 08138345 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 08138345 bus:FullAccounts 2022-08-01 2023-07-31 08138345 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08138345 bus:RegisteredOffice 2022-08-01 2023-07-31 08138345 bus:Director1 2022-08-01 2023-07-31 08138345 bus:Director2 2022-08-01 2023-07-31 08138345 bus:Director3 2022-08-01 2023-07-31 08138345 bus:Director4 2022-08-01 2023-07-31 08138345 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 08138345 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08138345 core:ComputerEquipment 2022-08-01 2023-07-31 08138345 core:FurnitureFittings 2022-08-01 2023-07-31 08138345 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 08138345 core:LandBuildings 2022-08-01 2023-07-31 08138345 core:LeaseholdImprovements 2022-08-01 2023-07-31 08138345 countries:EnglandWales 2022-08-01 2023-07-31 08138345 2022-07-31 08138345 core:CostValuation 2022-07-31 08138345 core:FurnitureFittingsToolsEquipment 2022-07-31 08138345 core:LandBuildings 2022-07-31 08138345 2021-08-01 2022-07-31 08138345 2022-07-31 08138345 bus:OrdinaryShareClass1 2022-07-31 08138345 core:CurrentFinancialInstruments 2022-07-31 08138345 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 08138345 core:Non-currentFinancialInstruments 2022-07-31 08138345 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 08138345 core:FurnitureFittingsToolsEquipment 2022-07-31 08138345 core:LandBuildings 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08138345

Brighton Academy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Brighton Academy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Brighton Academy Limited

Company Information

Directors

TJ Newman

K Austen

EK Dawes

S Dawes

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Brighton Academy Limited

(Registration number: 08138345)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

28,434

35,106

Investments

5

100

100

 

28,534

35,206

Current assets

 

Debtors

6

91,474

58,981

Cash at bank and in hand

 

221,357

150,066

 

312,831

209,047

Creditors: Amounts falling due within one year

7

(228,166)

(136,210)

Net current assets

 

84,665

72,837

Total assets less current liabilities

 

113,199

108,043

Creditors: Amounts falling due after more than one year

7

-

(1,033)

Net assets

 

113,199

107,010

Capital and reserves

 

Called up share capital

10

200

200

Retained earnings

112,999

106,810

Shareholders' funds

 

113,199

107,010

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Brighton Academy Limited

(Registration number: 08138345)
Balance Sheet as at 31 July 2023

Approved and authorised by the Board on 14 March 2024 and signed on its behalf by:



 

.........................................

K Austen

Director

 

Brighton Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Maria House
35 Millers Road
Brighton
BN1 5NP

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.

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.

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.

 

Brighton Academy Limited

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

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

Short leasehold improvements

20% straight line

Fixtures and fittings

25% straight line

Computer equipment

33% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Brighton Academy Limited

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

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 8).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

24,412

66,605

91,017

At 31 July 2023

24,412

66,605

91,017

Depreciation

At 1 August 2022

7,577

48,334

55,911

Charge for the year

-

6,672

6,672

At 31 July 2023

7,577

55,006

62,583

Carrying amount

At 31 July 2023

16,835

11,599

28,434

At 31 July 2022

16,835

18,271

35,106

Included within the net book value of land and buildings above is £16,835 (2022 - £16,835) in respect of short leasehold land and buildings.
 

 

Brighton Academy Limited

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

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 August 2022

100

Provision

Carrying amount

At 31 July 2023

100

At 31 July 2022

100

 

Brighton Academy Limited

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

6

Debtors

Current

2023
£

2022
£

Prepayments

46,524

14,031

Other debtors

44,950

44,950

 

91,474

58,981

 

Brighton Academy Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

52,173

13,787

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10,546

10,546

Taxation and social security

 

59,105

31,894

Accruals and deferred income

 

1,065

1,705

Other creditors

 

105,277

78,278

 

228,166

136,210

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

-

1,033

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

-

1,033

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £1,242.00 (2022 - £1,313.00) per ordinary share

 

124,214

 

131,395

         

10

Share capital

Allotted, called up and fully paid shares

 

Brighton Academy Limited

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

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

200

200

200

200