Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311false12023-04-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10662359 2023-04-01 2024-03-31 10662359 2022-04-01 2023-03-31 10662359 2024-03-31 10662359 2023-03-31 10662359 c:Director1 2023-04-01 2024-03-31 10662359 d:CurrentFinancialInstruments 2024-03-31 10662359 d:CurrentFinancialInstruments 2023-03-31 10662359 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10662359 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10662359 d:ShareCapital 2024-03-31 10662359 d:ShareCapital 2023-03-31 10662359 d:RetainedEarningsAccumulatedLosses 2024-03-31 10662359 d:RetainedEarningsAccumulatedLosses 2023-03-31 10662359 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10662359 c:OrdinaryShareClass1 2024-03-31 10662359 c:OrdinaryShareClass1 2023-03-31 10662359 c:FRS102 2023-04-01 2024-03-31 10662359 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10662359 c:FullAccounts 2023-04-01 2024-03-31 10662359 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10662359 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10662359














SLACKADEMIA LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
SLACKADEMIA LIMITED
REGISTERED NUMBER:10662359

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
64,746
18,589

Cash at bank
 5 
174,973
185,194

  
239,719
203,783

Creditors: amounts falling due within one year
 6 
(234,392)
(293,289)

Net current assets/(liabilities)
  
 
 
5,327
 
 
(89,506)

Total assets less current liabilities
  
5,327
(89,506)

  

Net assets/(liabilities)
  
5,327
(89,506)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
5,326
(89,507)

  
5,327
(89,506)


Page 1

 
SLACKADEMIA LIMITED
REGISTERED NUMBER:10662359
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A I Marshall
Director

Date: 24 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SLACKADEMIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Slackademia Limited is a private company, limited by shares, registered in England and Wales, registration number 10662359. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of music touring. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from music touring activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Income from performances are recognised once the performances have taken place.

Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SLACKADEMIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees including the director, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
12,608
12,008

Other debtors
2,616
605

Prepayments and accrued income
49,522
5,976

64,746
18,589


Page 4

 
SLACKADEMIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash

2024
2023
£
£

Cash at bank
174,973
185,194

Less: bank overdrafts
(49)
-

174,924
185,194



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
49
-

Corporation tax
29,090
1,262

Other creditors
199,219
288,407

Accruals
6,034
3,620

234,392
293,289



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Prior year adjustment

An amount of £11,803 had been wrongly classified as cost of sales rather than administrative expenses. This has now been amended as a prior year adjustment. As a result, cost of sales has reduced by £11,803 and administrative expenses have increased by £11,803. These adjustments have no impact on retained earnings.


9.


Transactions with the director

As at the year end, the company owed £199,219 (2023 - £288,407) to the director. The loan is unsecured, interest free and repayable on demand.    

 
Page 5