13 10 Created Academy Staffordshire Limited 10381810 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of sports and recreation education. Digita Accounts Production Advanced 6.30.9574.0 true 10381810 2023-10-01 2024-09-30 10381810 2024-09-30 10381810 core:RetainedEarningsAccumulatedLosses 2024-09-30 10381810 core:ShareCapital 2024-09-30 10381810 core:CurrentFinancialInstruments 2024-09-30 10381810 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10381810 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10381810 core:FurnitureFittings 2024-09-30 10381810 core:OfficeEquipment 2024-09-30 10381810 core:OtherPropertyPlantEquipment 2024-09-30 10381810 bus:SmallEntities 2023-10-01 2024-09-30 10381810 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10381810 bus:FilletedAccounts 2023-10-01 2024-09-30 10381810 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10381810 bus:RegisteredOffice 2023-10-01 2024-09-30 10381810 bus:Director1 2023-10-01 2024-09-30 10381810 bus:Director2 2023-10-01 2024-09-30 10381810 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10381810 core:FurnitureFittings 2023-10-01 2024-09-30 10381810 core:OfficeEquipment 2023-10-01 2024-09-30 10381810 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 10381810 core:PlantMachinery 2023-10-01 2024-09-30 10381810 countries:EnglandWales 2023-10-01 2024-09-30 10381810 2023-09-30 10381810 core:FurnitureFittings 2023-09-30 10381810 core:OfficeEquipment 2023-09-30 10381810 core:OtherPropertyPlantEquipment 2023-09-30 10381810 2022-10-01 2023-09-30 10381810 2023-09-30 10381810 core:RetainedEarningsAccumulatedLosses 2023-09-30 10381810 core:ShareCapital 2023-09-30 10381810 core:CurrentFinancialInstruments 2023-09-30 10381810 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10381810 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 10381810 core:FurnitureFittings 2023-09-30 10381810 core:OfficeEquipment 2023-09-30 10381810 core:OtherPropertyPlantEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 10381810

Created Academy Staffordshire Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Created Academy Staffordshire Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Created Academy Staffordshire Limited

(Registration number: 10381810)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,472

3,627

Current assets

 

Debtors

5

350,689

305,600

Cash at bank and in hand

 

1,830

-

 

352,519

305,600

Creditors: Amounts falling due within one year

6

(349,336)

(294,492)

Net current assets

 

3,183

11,108

Total assets less current liabilities

 

6,655

14,735

Creditors: Amounts falling due after more than one year

6

(5,328)

(13,326)

Provisions for liabilities

(868)

(689)

Net assets

 

459

720

Capital and reserves

 

Called up share capital

300

300

Retained earnings

159

420

Shareholders' funds

 

459

720

 

Created Academy Staffordshire Limited

(Registration number: 10381810)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr John Cummings
Director

.........................................
Mr Robert Simms
Director

 

Created Academy Staffordshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
46-58 Pall Mall
Hanley
Stoke on Trent
Staffordshire
ST1 1EE

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. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of education and recreational services. Turnover is shown net of sales/value added tax, 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.

 

Created Academy Staffordshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Office equipment

33% straight line

Fixtures and furniture

25% straight line

Plant and equipment

25% straight line

 

Created Academy Staffordshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 10).

 

Created Academy Staffordshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Plant and equipment
£

Total
£

Cost or valuation

At 1 October 2023

10,134

7,247

6,483

23,864

Additions

765

892

-

1,657

At 30 September 2024

10,899

8,139

6,483

25,521

Depreciation

At 1 October 2023

10,134

7,247

2,856

20,237

Charge for the year

17

174

1,621

1,812

At 30 September 2024

10,151

7,421

4,477

22,049

Carrying amount

At 30 September 2024

748

718

2,006

3,472

At 30 September 2023

-

-

3,627

3,627

5

Debtors

Current

2024
£

2023
£

Trade debtors

102,739

110,547

Other debtors

247,950

195,053

 

350,689

305,600

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8,002

22,841

Taxation and social security

 

331,821

261,834

Other creditors

 

9,513

9,817

 

349,336

294,492

 

Created Academy Staffordshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

5,328

13,326