Company Registration No. NI654917 (Northern Ireland)
Array Academy Limited
Unaudited accounts
for the year ended 31 March 2024
Array Academy Limited
Unaudited accounts
Contents
Array Academy Limited
Company Information
for the year ended 31 March 2024
Director
Dr Christopher Hutton
Company Number
NI654917 (Northern Ireland)
Registered Office
665 Lisburn Road
Belfast
County Antrim
BT9 7GT
Northern Ireland
Accountants
Nuvem 9 Ltd
The Mount Business Centre
Woodstock Link
Belfast
County Antrim
BT6 8DD
Array Academy Limited
Statement of financial position
as at 31 March 2024
Tangible assets
544,206
590,768
Cash at bank and in hand
10,436
72,547
Creditors: amounts falling due within one year
(48,145)
(81,438)
Net current assets
98,048
177,257
Total assets less current liabilities
642,254
768,025
Creditors: amounts falling due after more than one year
(1,442,839)
(1,240,147)
Net liabilities
(800,585)
(472,122)
Called up share capital
1
1
Profit and loss account
(800,586)
(472,123)
Shareholders' funds
(800,585)
(472,122)
For the year ending 31 March 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 his 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 24 March 2025 and were signed on its behalf by
Dr Christopher Hutton
Director
Company Registration No. NI654917
Array Academy Limited
Notes to the Accounts
for the year ended 31 March 2024
Array Academy Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI654917. The registered office is 665 Lisburn Road, Belfast, County Antrim, BT9 7GT, Northern Ireland.
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.
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:
Motor vehicles
Straight Line - 5 Years
Fixtures & fittings
Straight Line - 5 Years
Computer equipment
Straight Line - 3 Years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
319,000
24,347
18,286
331,938
12,164
705,735
Additions
-
-
-
78,406
5,125
83,531
At 31 March 2024
319,000
24,347
18,286
410,344
17,289
789,266
At 1 April 2023
-
14,027
11,605
82,655
6,680
114,967
Charge for the year
-
4,869
5,545
115,694
3,985
130,093
At 31 March 2024
-
18,896
17,150
198,349
10,665
245,060
At 31 March 2024
319,000
5,451
1,136
211,995
6,624
544,206
At 31 March 2023
319,000
10,320
6,681
249,283
5,484
590,768
Array Academy Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
106,000
100,000
Other debtors
23,520
84,627
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,348
47,803
Trade creditors
7,770
27,819
Taxes and social security
6,027
5,816
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
140,724
155,603
Amounts owed to group undertakings and other participating interests
1,302,115
1,084,544
Huttonstorm Holdings Limited, 665 Lisburn Road, Belfast, Northern Ireland, BT9 7QT
9
Average number of employees
During the year the average number of employees was 8 (2023: 6).