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Company Registration No. 02917516 (England and Wales)
Academy of Oriental Cuisine Limited Unaudited accounts for the year ended 30 June 2024
Academy of Oriental Cuisine Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
400,619 
405,482 
Current assets
Debtors
1,563 
1,229 
Cash at bank and in hand
19,656 
49,679 
21,219 
50,908 
Creditors: amounts falling due within one year
(66,697)
(47,509)
Net current (liabilities)/assets
(45,478)
3,399 
Total assets less current liabilities
355,141 
408,881 
Creditors: amounts falling due after more than one year
(78,400)
(145,614)
Net assets
276,741 
263,267 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
276,641 
263,167 
Shareholders' funds
276,741 
263,267 
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 21 February 2025 and were signed on its behalf by
Mrs R K L Stubbs Director Company Registration No. 02917516
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Academy of Oriental Cuisine Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Academy of Oriental Cuisine Limited is a private company, limited by shares, registered in England and Wales, registration number 02917516. The registered office is Academy Building, Gower Street, LEEDS, West Yorkshire, LS2 7PX, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25.00% Straight Line
Motor vehicles
25.00% Reducing Balance
Computer equipment
33.33% Straight Line
Freehold property
The company does not depreciate freehold property as the director remains confident that the value of the properties is in excess of that stated in the accounts.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Academy of Oriental Cuisine Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
385,459 
1,312 
51,749 
1,260 
439,780 
Additions
- 
262 
- 
- 
262 
At 30 June 2024
385,459 
1,574 
51,749 
1,260 
440,042 
Depreciation
At 1 July 2023
- 
1,112 
32,083 
1,103 
34,298 
Charge for the year
- 
209 
4,759 
157 
5,125 
At 30 June 2024
- 
1,321 
36,842 
1,260 
39,423 
Net book value
At 30 June 2024
385,459 
253 
14,907 
- 
400,619 
At 30 June 2023
385,459 
200 
19,666 
157 
405,482 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,328 
868 
Accrued income and prepayments
235 
361 
1,563 
1,229 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,059 
VAT
1,788 
1,458 
Taxes and social security
3,887 
3,642 
Other creditors
4,850 
4,846 
Loans from directors
51,356 
31,000 
Accruals
4,816 
4,504 
66,697 
47,509 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
10,000 
10,000 
Loans from directors
30,000 
100,714 
Accruals
38,400 
34,900 
78,400 
145,614 
8
Transactions with related parties
The Director, Mr R K L Stubbs owns 1% of the shares in the company, her three adult children own 25% of the shares each and the remaining 24% is split equally between eight of her grandchildren. At the year end, the company owed an amount of £81,356 (2023 - £131,714) to Mrs R K L Stubbs.
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Academy of Oriental Cuisine Limited Notes to the Accounts for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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