71 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 30,619 25,052 4,593 29,645 974 5,567 xbrli:pure xbrli:shares iso4217:GBP 7443085 2023-09-01 2024-08-31 7443085 2024-08-31 7443085 2023-08-31 7443085 2022-09-01 2023-08-31 7443085 2023-08-31 7443085 2022-08-31 7443085 core:FurnitureFittings 2023-09-01 2024-08-31 7443085 bus:Director5 2023-09-01 2024-08-31 7443085 core:FurnitureFittings 2023-08-31 7443085 core:FurnitureFittings 2024-08-31 7443085 core:WithinOneYear 2024-08-31 7443085 core:WithinOneYear 2023-08-31 7443085 core:AfterOneYear 2024-08-31 7443085 core:RetainedEarningsAccumulatedLosses 2024-08-31 7443085 core:RetainedEarningsAccumulatedLosses 2023-08-31 7443085 core:FurnitureFittings 2023-08-31 7443085 bus:Director1 2023-09-01 2024-08-31 7443085 bus:SmallEntities 2023-09-01 2024-08-31 7443085 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 7443085 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 7443085 bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 7443085 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 7443085
Manchester Senior Girls School
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 August 2024
Manchester Senior Girls School
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
974
5,567
Current assets
Debtors
7
4,903
Cash at bank and in hand
78,340
7,271
--------
-------
83,243
7,271
Creditors: amounts falling due within one year
8
56,176
70,075
--------
--------
Net current assets/(liabilities)
27,067
( 62,804)
--------
--------
Total assets less current liabilities
28,041
( 57,237)
Creditors: amounts falling due after more than one year
9
91,333
--------
--------
Net liabilities
( 63,292)
( 57,237)
--------
--------
Capital and reserves
Profit and loss account
( 63,292)
( 57,237)
--------
--------
Members deficit
( 63,292)
( 57,237)
--------
--------
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 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Manchester Senior Girls School
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
D Leaman
Director
Company registration number: 7443085
Manchester Senior Girls School
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 138 Leicester Road, Salford, Manchester, M7 4GB.
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 company has net current liabilities and an overall deficit on its reserves. The directors acknowledge the above and are confident that the company will be able to continue for the foreseeable future as they secured interest free loans to ensure the company will be able to continue to operate for the foreseeable future. It should be noted that the creditors are made up mainly of accruals and interest free trade and other creditors who have acknowledged that they will not call in their loans to the detriment of the cash flow of the company. It is appropriate therefore for the financial statements to be prepared on a going concern basis.
Revenue recognition
The turnover shown in the profit and loss account is made up of fees receivable during the period as well donations receivable in the period.
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:
Fixtures & Fittings
-
15% 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
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Company limited by guarantee
Manchester Senior Girls School is a company limited by guarantee and does not have a share capital. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
Manchester Senior Girls School is a non profit making organisation set up for educational purposes.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 71 (2023: 69 ).
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 September 2023 and 31 August 2024
30,619
30,619
--------
--------
Depreciation
At 1 September 2023
25,052
25,052
Charge for the year
4,593
4,593
--------
--------
At 31 August 2024
29,645
29,645
--------
--------
Carrying amount
At 31 August 2024
974
974
--------
--------
At 31 August 2023
5,567
5,567
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
4,903
-------
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
18,131
Social security and other taxes
901
468
Wages Control
39,786
41,294
Other creditors
15,489
10,182
--------
--------
56,176
70,075
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
90,000
Other creditors
1,333
--------
----
91,333
--------
----
10. Related party transactions
The company was under the control of the two directors as detailed on page 1.