Registered number
11216460
Greater Manchester Independent School Ltd
Filleted Accounts
31 August 2024
Greater Manchester Independent School Ltd
Registered number: 11216460
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 65,100 79,390
Current assets
Debtors 4 890,850 200,956
Cash at bank and in hand 140,383 438,143
1,031,233 639,099
Creditors: amounts falling due within one year 5 (1,013,497) (698,188)
Net current assets/(liabilities) 17,736 (59,089)
Total assets less current liabilities 82,836 20,301
Provisions for liabilities (16,275) (19,848)
Net assets 66,561 453
Capital and reserves
Called up share capital 100 100
Profit and loss account 66,461 353
Shareholder's funds 66,561 453
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Director's responsibilities
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Louise Hodson
Director
Approved by the board on 18 November 2024
Greater Manchester Independent School Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Motor vehicles 18% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 30
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 77,592 56,565 134,157
At 31 August 2024 77,592 56,565 134,157
Depreciation
At 1 September 2023 35,214 19,553 54,767
Charge for the year 7,628 6,662 14,290
At 31 August 2024 42,842 26,215 69,057
Net book value
At 31 August 2024 34,750 30,350 65,100
At 31 August 2023 42,378 37,012 79,390
4 Debtors 2024 2023
£ £
Trade debtors 777,619 171,226
Other debtors 113,231 29,730
890,850 200,956
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 37,720 42,604
Deferred income 757,612 555,352
Taxation and social security costs 102,618 71,932
Other creditors 115,547 28,300
1,013,497 698,188
6 Other information
Greater Manchester Independent School Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10 Cariocca Business Park
Miles Platting
Manchester
M40 8BB
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