REGISTERED NUMBER: |
L A School of Dance Limited |
Unaudited Financial Statements for the Year Ended 30 July 2024 |
REGISTERED NUMBER: |
L A School of Dance Limited |
Unaudited Financial Statements for the Year Ended 30 July 2024 |
L A School of Dance Limited (Registered number: 07695650) |
Contents of the Financial Statements |
for the Year Ended 30 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
L A School of Dance Limited |
Company Information |
for the Year Ended 30 July 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Craven House |
32 Lee Lane |
Horwich |
Bolton |
BL6 7BY |
L A School of Dance Limited (Registered number: 07695650) |
Statement of Financial Position |
30 July 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
L A School of Dance Limited (Registered number: 07695650) |
Statement of Financial Position - continued |
30 July 2024 |
The financial statements were approved by the director and authorised for issue on |
L A School of Dance Limited (Registered number: 07695650) |
Notes to the Financial Statements |
for the Year Ended 30 July 2024 |
1. | Statutory information |
L A School of Dance Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at fair value of the consideration received for dance tuition fees receivable during the year. |
Goodwill |
Amortisation of goodwill has not been provided for the by the company as in the opinion of the director is has indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £1,500 and the profit for the year reduced accordingly. |
Tangible fixed assets |
Fixtures and fittings | - |
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
Stocks |
Stocks are measured at estimated cost. |
Financial instruments |
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
L A School of Dance Limited (Registered number: 07695650) |
Notes to the Financial Statements - continued |
for the Year Ended 30 July 2024 |
2. | Accounting policies - continued |
Taxation |
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year. |
Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 31 July 2023 |
and 30 July 2024 |
Net book value |
At 30 July 2024 |
At 30 July 2023 |
L A School of Dance Limited (Registered number: 07695650) |
Notes to the Financial Statements - continued |
for the Year Ended 30 July 2024 |
5. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 31 July 2023 |
Additions |
At 30 July 2024 |
Depreciation |
At 31 July 2023 |
Charge for year |
At 30 July 2024 |
Net book value |
At 30 July 2024 |
At 30 July 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
L A School of Dance Limited (Registered number: 07695650) |
Notes to the Financial Statements - continued |
for the Year Ended 30 July 2024 |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | 1.00 | 100 | 100 |