Company Registration No. 13187878 (England and Wales)
Academy 64 Limited
Unaudited accounts
for the year ended 29 February 2024
Academy 64 Limited
Unaudited accounts
Contents
Academy 64 Limited
Company Information
for the year ended 29 February 2024
Directors
Hugo Slorach
Chanya Slorach
Company Number
13187878 (England and Wales)
Registered Office
15 Dowland Road
Penarth
CF64 3QX
United Kingdom
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Academy 64 Limited
for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Academy 64 Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
11 November 2024
Academy 64 Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
57
1,022
Creditors: amounts falling due within one year
(1,250)
(2,841)
Net current assets/(liabilities)
2,847
(473)
Total assets less current liabilities
2,847
(473)
Creditors: amounts falling due after more than one year
(280)
(529)
Net assets/(liabilities)
2,567
(1,002)
Called up share capital
2
2
Profit and loss account
2,565
(1,004)
Shareholders' funds
2,567
(1,002)
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Hugo Slorach
Director
Company Registration No. 13187878
Academy 64 Limited
Notes to the Accounts
for the year ended 29 February 2024
Academy 64 Limited is a private company, limited by shares, registered in England and Wales, registration number 13187878. The registered office is 15 Dowland Road, Penarth, CF64 3QX, United Kingdom.
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.
Amounts falling due within one year
Amounts due from group undertakings etc.
7,350
-
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
500
2,091
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
280
529
Academy 64 Limited
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
At the end end of the year the company owed Beauty Box (Cowbridge) Ltd £500 (2023: £nil), an entity under common control.
At the end end of the year the company owed by Onzon Thai Limited £7,350 (2023: £nil), an entity under common control.
The loans are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).