0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,904 3,904 1,002 580 1,582 2,902 xbrli:pure xbrli:shares iso4217:GBP 11510116 2023-09-01 2024-05-31 11510116 2024-05-31 11510116 2023-08-31 11510116 2022-09-01 2023-08-31 11510116 2023-08-31 11510116 2022-08-31 11510116 core:FurnitureFittings 2023-09-01 2024-05-31 11510116 bus:Director1 2023-09-01 2024-05-31 11510116 core:FurnitureFittings 2023-08-31 11510116 core:WithinOneYear 2024-05-31 11510116 core:WithinOneYear 2023-08-31 11510116 core:ShareCapital 2024-05-31 11510116 core:ShareCapital 2023-08-31 11510116 core:RetainedEarningsAccumulatedLosses 2024-05-31 11510116 core:RetainedEarningsAccumulatedLosses 2023-08-31 11510116 core:FurnitureFittings 2023-08-31 11510116 bus:SmallEntities 2023-09-01 2024-05-31 11510116 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-05-31 11510116 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-05-31 11510116 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-05-31 11510116 bus:FullAccounts 2023-09-01 2024-05-31
COMPANY REGISTRATION NUMBER: 11510116
Face Perfect Training Academy Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2024
Face Perfect Training Academy Limited
Balance Sheet
31 May 2024
31 May 24
31 Aug 23
Note
£
£
£
Fixed assets
Tangible assets
4
2,902
Current assets
Debtors
5
1,750
811
Cash at bank and in hand
5,105
10,732
-------
--------
6,855
11,543
Creditors: amounts falling due within one year
6
3,914
5,522
-------
--------
Net current assets
2,941
6,021
-------
-------
Total assets less current liabilities
2,941
8,923
Provisions
551
-------
-------
Net assets
2,941
8,372
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
2,940
8,371
-------
-------
Shareholders funds
2,941
8,372
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 May 2024 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Face Perfect Training Academy Limited
Balance Sheet (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
Mrs K McBride
Director
Company registration number: 11510116
Face Perfect Training Academy Limited
Notes to the Financial Statements
Period from 1 September 2023 to 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Park Square North, Leeds, West Yorkshire, LS1 2NP, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Going concern
The company ceased to trade on 31 May 2024 and the assets and liabilities are included in the balance sheet at the amounts that the director expects to recover or expend.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises the sales value net of attributable VAT of work done in the period under contracts to supply goods and services to third parties.
Income tax
Current tax is recognised on taxable profit 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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. Tangible assets
Fixtures and fittings
£
Cost
At 1 September 2023
3,904
Disposals
( 3,904)
-------
At 31 May 2024
-------
Depreciation
At 1 September 2023
1,002
Charge for the period
580
Disposals
( 1,582)
-------
At 31 May 2024
-------
Carrying amount
At 31 May 2024
-------
At 31 August 2023
2,902
-------
5. Debtors
31 May 24
31 Aug 23
£
£
Trade debtors
1,750
Other debtors
811
-------
----
1,750
811
-------
----
6. Creditors: amounts falling due within one year
31 May 24
31 Aug 23
£
£
Corporation tax
1,166
1,895
Other creditors
2,748
3,627
-------
-------
3,914
5,522
-------
-------
Included in "Other creditors" is an amount of £0 (2023: £879) due to the director. The amount is unsecured, interest free and repayable on demand.
7. Director's advances, credits and guarantees
There are no transactions with the director that require disclosure under section 413 of the Companies Act 2006.