0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 24,250 3,150 27,400 24,250 136 24,386 3,014 xbrli:pure xbrli:shares iso4217:GBP 01609919 2023-08-01 2024-07-31 01609919 2024-07-31 01609919 2023-07-31 01609919 2022-08-01 2023-07-31 01609919 2023-07-31 01609919 2022-07-31 01609919 bus:Director4 2023-08-01 2024-07-31 01609919 core:WithinOneYear 2024-07-31 01609919 core:WithinOneYear 2023-07-31 01609919 core:AfterOneYear 2024-07-31 01609919 core:AfterOneYear 2023-07-31 01609919 core:RetainedEarningsAccumulatedLosses 2024-07-31 01609919 core:RetainedEarningsAccumulatedLosses 2023-07-31 01609919 bus:SmallEntities 2023-08-01 2024-07-31 01609919 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 01609919 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01609919 bus:CompanyLimitedByGuarantee 2023-08-01 2024-07-31 01609919 bus:FullAccounts 2023-08-01 2024-07-31 01609919 core:IntangibleAssetsOtherThanGoodwill 2023-08-01 2024-07-31 01609919 core:IntangibleAssetsOtherThanGoodwill 2023-07-31 01609919 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 01609919 core:AfterOneYear 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 01609919
Academic Venue Solutions Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
Academic Venue Solutions Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 July 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
Academic Venue Solutions Limited
Company Limited by Guarantee
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
3,014
Current assets
Debtors
6
105,219
107,765
Cash at bank and in hand
156,355
114,728
---------
---------
261,574
222,493
Creditors: amounts falling due within one year
7
221,321
171,115
---------
---------
Net current assets
40,253
51,378
--------
--------
Total assets less current liabilities
43,267
51,378
Creditors: amounts falling due after more than one year
8
10,442
20,670
--------
--------
Net assets
32,825
30,708
--------
--------
Capital and reserves
Profit and loss account
32,825
30,708
--------
--------
Member funds
32,825
30,708
--------
--------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its 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 financial statements .
Academic Venue Solutions Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
C M Forster
Director
Company registration number: 01609919
Academic Venue Solutions Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.
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 are prepared in sterling which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The company is not trading with a view to profit, but only to meet its expenses for the mutual benefit of its members. As such the company's only liability to corporation tax arises on investment income received in bank deposits and on activities for non-members.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses .
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
4. Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have share capital. The members are liable to contribute to the assets of the company in the event of it being wound up while they are members or within one year of having ceased to be members. The maximum liability of each member is £1.
5. Intangible assets
Website
£
Cost
At 1 August 2023
24,250
Additions
3,150
--------
At 31 July 2024
27,400
--------
Amortisation
At 1 August 2023
24,250
Charge for the year
136
--------
At 31 July 2024
24,386
--------
Carrying amount
At 31 July 2024
3,014
--------
At 31 July 2023
--------
6. Debtors
2024
2023
£
£
Trade debtors
86,170
96,678
Other debtors
19,049
11,087
---------
---------
105,219
107,765
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,249
9,995
Trade creditors
240
1,044
Social security and other taxes
18,513
19,013
Other creditors
192,319
141,063
---------
---------
221,321
171,115
---------
---------
The bank loan of £10,249 (2023 £9,995) has been provided to the company under the Bounce Back Loan Scheme.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,442
20,670
--------
--------
The bank loan of £10,422 (2023 £20,670) has been provided to the company under the Bounce Back Loan Scheme.