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COMPANY REGISTRATION NUMBER: 13873804
ACADEMIASOFT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
ACADEMIASOFT LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
ACADEMIASOFT LIMITED
BALANCE SHEET
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
412
825
Current assets
Debtors
5
68
Cash at bank and in hand
5,116
8,927
------------
------------
5,184
8,927
Creditors: amounts falling due within one year
6
( 1,475)
( 4,925)
------------
------------
Net current assets
3,709
4,002
------------
------------
Total assets less current liabilities
4,121
4,827
------------
------------
Net assets
4,121
4,827
------------
------------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
4,021
4,727
------------
------------
Shareholders funds
4,121
4,827
------------
------------
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 year ending 31 January 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 year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
Mr V Sotiras
Director
Company registration number: 13873804
ACADEMIASOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 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 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Computer equipment
£
Cost
At 1 February 2023 and 31 January 2024
1,238
------------
Depreciation
At 1 February 2023
413
Charge for the year
413
------------
At 31 January 2024
826
------------
Carrying amount
At 31 January 2024
412
------------
At 31 January 2023
825
------------
5. Debtors
2024
2023
£
£
Corporation tax repayable
68
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
660
660
Corporation tax
3,450
Director loan accounts
815
815
------------
------------
1,475
4,925
------------
------------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
8. Related party transactions
The director's loan of £815 (2023: £815) as set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the director.