Caramelo Latin Dance Academy Ltd 08411477 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of operating dance academy. Digita Accounts Production Advanced 6.30.9574.0 true true 08411477 2023-03-01 2024-02-29 08411477 2024-02-29 08411477 bus:OrdinaryShareClass1 2024-02-29 08411477 core:CurrentFinancialInstruments 2024-02-29 08411477 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08411477 core:FurnitureFittingsToolsEquipment 2024-02-29 08411477 bus:SmallEntities 2023-03-01 2024-02-29 08411477 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08411477 bus:FilletedAccounts 2023-03-01 2024-02-29 08411477 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08411477 bus:RegisteredOffice 2023-03-01 2024-02-29 08411477 bus:Director1 2023-03-01 2024-02-29 08411477 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08411477 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08411477 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 08411477 core:OfficeEquipment 2023-03-01 2024-02-29 08411477 countries:EnglandWales 2023-03-01 2024-02-29 08411477 core:FurnitureFittingsToolsEquipment 2023-02-28 08411477 2022-03-01 2023-02-28 08411477 2023-02-28 08411477 bus:OrdinaryShareClass1 2023-02-28 08411477 core:CurrentFinancialInstruments 2023-02-28 08411477 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08411477 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-02-28 08411477 core:FurnitureFittingsToolsEquipment 2023-02-28 08411477 core:PreviouslyStatedAmount 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08411477

Caramelo Latin Dance Academy Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Caramelo Latin Dance Academy Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Caramelo Latin Dance Academy Ltd

Company Information

Director

Ms Anna Gkourtsenko

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Accountants

Aventus Partners Limited
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Caramelo Latin Dance Academy Ltd

(Registration number: 08411477)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

719

959

Current assets

 

Debtors

5

-

668

Cash at bank and in hand

 

3,861

7,665

 

3,861

8,333

Creditors: Amounts falling due within one year

6

(5,159)

(6,444)

Net current (liabilities)/assets

 

(1,298)

1,889

Net (liabilities)/assets

 

(579)

2,848

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(580)

2,847

Shareholders' (deficit)/funds

 

(579)

2,848

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the director on 29 November 2024
 

.........................................
Ms Anna Gkourtsenko
Director

   
     
 

Caramelo Latin Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

At the time of approving these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and are willing to provide the necessary financial support as necessary.

 

Caramelo Latin Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% on reducing balance method

Office equipment

25% on reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Caramelo Latin Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2023: 1).

 

Caramelo Latin Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Cost

At 1 March 2023

7,135

At 29 February 2024

7,135

Depreciation

At 1 March 2023

6,176

Charge for the year

240

At 29 February 2024

6,416

Carrying amount

At 29 February 2024

719

At 28 February 2023

959

5

Debtors

2024
£

2023
£

Other debtors

-

668

-

668

 

Caramelo Latin Dance Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

584

52

Accrued expenses

900

792

Deferred income

3,073

4,998

Directors current account

602

602

5,159

6,444

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1