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REGISTERED NUMBER: 09048169 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Affinity Academy Limited

Affinity Academy Limited (Registered number: 09048169)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Affinity Academy Limited (Registered number: 09048169)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 70,810 2,112

Current assets
Debtors 5 3,230 992
Cash at bank 46,855 123,749
50,085 124,741
Creditors
Amounts falling due within one year 6 83,058 81,176
Net current (liabilities)/assets (32,973 ) 43,565
Total assets less current liabilities 37,837 45,677

Creditors
Amounts falling due after more than
one year

7

(20,133

)

(28,289

)

Provisions for liabilities (6,436 ) -
Net assets 11,268 17,388

Capital and reserves
Called up share capital 1 1
Retained earnings 11,267 17,387
Shareholders' funds 11,268 17,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Affinity Academy Limited (Registered number: 09048169)

Balance Sheet - continued
31 August 2023


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





J Page - Director


Affinity Academy Limited (Registered number: 09048169)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Affinity Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09048169

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Affinity Academy Limited (Registered number: 09048169)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 26 (2022 - 23 ) .

4. Tangible fixed assets
Improvements
to Plant and
property machinery Totals
£    £    £   
Cost
At 1 September 2022 - 57,692 57,692
Additions 32,380 41,311 73,691
At 31 August 2023 32,380 99,003 131,383
Depreciation
At 1 September 2022 - 55,580 55,580
Charge for year 1,788 3,205 4,993
At 31 August 2023 1,788 58,785 60,573
Net book value
At 31 August 2023 30,592 40,218 70,810
At 31 August 2022 - 2,112 2,112

Affinity Academy Limited (Registered number: 09048169)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 3,230 992

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 9,793 9,793
Trade creditors 2,390 1,555
Corporation tax - 7,208
Social security and other taxes 2,392 1,225
VAT 14,571 12,307
Other creditors 14,244 13,460
Directors' current accounts 1,105 793
Accruals and deferred income 38,563 34,835
83,058 81,176

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 9,793 9,793
Bank loans - 2-5 years 10,340 18,496
20,133 28,289

8. Ultimate controlling party

The ultimate controlling party is J Page.