Registered number
11843657
Heritage Academy School Ltd
Filleted Accounts
29 February 2024
Heritage Academy School Ltd
Registered number: 11843657
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 33,019 17,804
43,019 27,804
Current assets
Cash at bank and in hand 68,353 69,031
Creditors: amounts falling due within one year 5 (23,160) (17,354)
Net current assets 45,193 51,677
Total assets less current liabilities 88,212 79,481
Creditors: amounts falling due after more than one year 6 (133,801) (135,757)
Net liabilities (45,589) (56,276)
Capital and reserves
Called up share capital 1 1
Profit and loss account (45,590) (56,277)
Shareholder's funds (45,589) (56,276)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
____________
Shakeel Akhtar
Director
Approved by the board on 30 November 2024
Heritage Academy School Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Fixtures, fittings, tools and equipment 18% reducing balance
Motor Vehicles 18% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 10,000
At 29 February 2024 10,000
Amortisation
At 29 February 2024 -
Net book value
At 29 February 2024 10,000
At 28 February 2023 10,000
4 Tangible fixed assets
Plant and machinery etc Furniture, fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 19,762 10,043 - 29,805
Additions - 316 22,147 22,463
At 29 February 2024 19,762 10,359 22,147 52,268
Depreciation
At 1 March 2023 8,211 3,790 - 12,001
Charge for the year 2,136 1,126 3,986 7,248
At 29 February 2024 10,347 4,916 3,986 19,249
Net book value
At 29 February 2024 9,415 5,443 18,161 33,019
At 28 February 2023 11,551 6,253 - 17,804
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,816 6,656
Taxation and social security costs 2,717 1,134
Other creditors 11,627 9,564
23,160 17,354
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors - 17,800
Other creditors 133,801 117,957
133,801 135,757
7 Other information
Heritage Academy School Ltd is a private company limited by shares and incorporated in England. Its registered office is:
327 Moseley Road
Birmingham
Highgate
B12 0DX
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