Company Registration No. 08112946 (England and Wales)
The Academy Management Company (Hull) Limited
Unaudited accounts
for the year ended 31 October 2022
The Academy Management Company (Hull) Limited
Unaudited accounts
Contents
The Academy Management Company (Hull) Limited
Company Information
for the year ended 31 October 2022
Director
David Raymond Marshall
Company Number
08112946 (England and Wales)
Registered Office
4 Howlett Close
Hessle
HU13 0GR
England
Accountants
Port Accounting Services Limited
7, Bridge View Park
Henry Boot Way
Hull
HU4 7DW
The Academy Management Company (Hull) Limited
Statement of financial position
as at 31 October 2022
Inventories
1,082,700
1,036,561
Cash at bank and in hand
11,244
2,592
Creditors: amounts falling due within one year
(1,416,412)
(1,328,240)
Net current liabilities
(312,612)
(285,588)
Net liabilities
(312,612)
(285,588)
Called up share capital
100
100
Profit and loss account
(312,712)
(285,688)
Shareholders' funds
(312,612)
(285,588)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2024 and were signed on its behalf by
David Raymond Marshall
Director
Company Registration No. 08112946
The Academy Management Company (Hull) Limited
Notes to the Accounts
for the year ended 31 October 2022
The Academy Management Company (Hull) Limited is a private company, limited by shares, registered in England and Wales, registration number 08112946. The registered office is 4 Howlett Close, Hessle, HU13 0GR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2022
2021
Trade creditors
1,416,412
1,328,240
6
Average number of employees
During the year the average number of employees was 2 (2021: 2).