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REGISTERED NUMBER: 06627354 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024

FOR

FIORENTINI ARTS SCHOOL LIMITED

FIORENTINI ARTS SCHOOL LIMITED (REGISTERED NUMBER: 06627354)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIORENTINI ARTS SCHOOL LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: N A Whiteley
A Petrova
Z P Sadler





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 06627354 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

FIORENTINI ARTS SCHOOL LIMITED (REGISTERED NUMBER: 06627354)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,435 2,107

CURRENT ASSETS
Debtors 5 150,927 121,416
Cash at bank and in hand 22,194 47,551
173,121 168,967
CREDITORS
Amounts falling due within one year 6 181,143 156,589
NET CURRENT (LIABILITIES)/ASSETS (8,022 ) 12,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,587

)

14,485

CREDITORS
Amounts falling due after more than one
year

7

39,000

75,000
NET LIABILITIES (44,587 ) (60,515 )

RESERVES
Income and expenditure account (44,587 ) (60,515 )
(44,587 ) (60,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

FIORENTINI ARTS SCHOOL LIMITED (REGISTERED NUMBER: 06627354)

BALANCE SHEET - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





A Petrova - Director


FIORENTINI ARTS SCHOOL LIMITED (REGISTERED NUMBER: 06627354)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Fiorentini Arts School Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company and the director are committed to finding a viable solution to support the company's trading in the future, and on that basis the company is considered a going concern.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line basis
Fixtures and fittings - 25% straight line basis
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

FIORENTINI ARTS SCHOOL LIMITED (REGISTERED NUMBER: 06627354)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

COMPANY STATUS
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 912 598 5,218 399 7,127
Additions - - - 1,288 1,288
At 31 July 2024 912 598 5,218 1,687 8,415
DEPRECIATION
At 1 August 2023 250 269 4,426 75 5,020
Charge for year 228 149 199 384 960
At 31 July 2024 478 418 4,625 459 5,980
NET BOOK VALUE
At 31 July 2024 434 180 593 1,228 2,435
At 31 July 2023 662 329 792 324 2,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 148,162 117,517
Other debtors 2,765 3,899
150,927 121,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,000 36,000
Trade creditors 37,341 25,056
Taxation and social security 3,458 2,533
Other creditors 104,344 93,000
181,143 156,589

FIORENTINI ARTS SCHOOL LIMITED (REGISTERED NUMBER: 06627354)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 39,000 75,000

8. SECURED DEBTS

HSBC UK Bank Plc have a fixed and floating charge over the company's property and assets in a debenture dated 19th August 2020.

9. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.

10. GOING CONCERN

The company and the directors are committed to finding a viable solution to support the company's trading in the future, and on that basis the company is considered a going concern.