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2023-07-01
Sage Accounts Production Advanced 2024 - FRS102_2021
1,344
1,344
xbrli:pure
xbrli:shares
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5840857
2023-07-01
2024-06-30
5840857
2024-06-30
5840857
2023-06-30
5840857
2022-07-01
2023-06-30
5840857
2023-06-30
5840857
2022-06-30
5840857
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2023-07-01
2024-06-30
5840857
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2023-07-01
2024-06-30
5840857
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2024-06-30
5840857
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2023-06-30
5840857
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5840857
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2023-06-30
5840857
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2024-06-30
5840857
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2023-06-30
5840857
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2024-06-30
5840857
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2023-06-30
5840857
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2024-06-30
5840857
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2024-06-30
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2024-06-30
5840857
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2023-07-01
2024-06-30
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2023-07-01
2024-06-30
5840857
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2023-07-01
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2024-06-30
5840857
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2024-06-30
COMPANY REGISTRATION NUMBER:
5840857
Britannia School of Business (Brituni) Limited |
|
Filleted Unaudited Financial Statements |
|
Britannia School of Business (Brituni) Limited |
|
Year ended 30 June 2024
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
3 to 5 |
|
|
Britannia School of Business (Brituni) Limited |
|
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Britannia School of Business (Brituni) Limited |
|
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Britannia School of Business (Brituni) Limited for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Britannia School of Business (Brituni) Limited in accordance with the terms of our engagement letter dated 12 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Britannia School of Business (Brituni) Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britannia School of Business (Brituni) Limited and its director for our work or for this report.
It is your duty to ensure that Britannia School of Business (Brituni) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Britannia School of Business (Brituni) Limited. You consider that Britannia School of Business (Brituni) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Britannia School of Business (Brituni) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered Accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
27 March 2025
Britannia School of Business (Brituni) Limited |
|
Statement of Financial Position |
|
30 June 2024
Current assets
Cash at bank and in hand |
1,153 |
1,299 |
|
|
|
Creditors: amounts falling due within one year |
5 |
7,804 |
7,897 |
|
------- |
------- |
Net current liabilities |
6,651 |
6,598 |
|
------- |
------- |
Total assets less current liabilities |
(
6,651) |
(
6,598) |
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
1,137 |
2,159 |
|
------- |
------- |
Net liabilities |
(
7,788) |
(
8,757) |
|
------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
(
7,888) |
(
8,857) |
|
------- |
------- |
Shareholders deficit |
(
7,788) |
(
8,757) |
|
------- |
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
26 March 2025
, and are signed on behalf of the board by:
Mrs E M R Montanheiro |
|
Director |
|
|
|
Company registration number:
5840857
Britannia School of Business (Brituni) Limited |
|
Notes to the Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Statement of Financial Position at the year end date shows a net liability position. Despite this, the accounts have been prepared on a going concern basis which assumes the continued financial support of the director and its bankers and the director considers that the going concern basis is appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
Cost |
|
|
At 1 July 2023 and 30 June 2024 |
1,344 |
1,344 |
|
------- |
------- |
Depreciation |
|
|
At 1 July 2023 and 30 June 2024 |
1,344 |
1,344 |
|
------- |
------- |
Carrying amount |
|
|
At 30 June 2024 |
– |
– |
|
------- |
------- |
At 30 June 2023 |
– |
– |
|
------- |
------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
1,022 |
998 |
Other creditors |
6,782 |
6,899 |
|
------- |
------- |
|
7,804 |
7,897 |
|
------- |
------- |
|
|
|
Creditors include a total of £3,156 (2022: £4,129 and originally £5,000) by way of Government backed pandemic bounce back loan, which is unsecured and repayable within one year to the extent of £997 (2022: £973) and £2,159 (2022: £3,156) after more than one year as below.
6.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
1,137 |
2,159 |
|
------- |
------- |
|
|
|
7.
Director's advances, credits and guarantees
A loan account exists as between the company and the director. As a result of transactions undertaken during the year comprising net withdrawals by the director of £117, the company was indebted to the director at the year end date in the sum of £6,062 (2023: £6,179), in this regard, at the year end date. This loan is unsecured and is not subject to any formal repayment terms or interest charges.