Registered number
05943614
C B M Academy Limited
Filleted Accounts
30 September 2024
C B M Academy Limited
Registered number: 05943614
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,723 36,467
Current assets
Debtors 4 6,000 12,275
Cash at bank and in hand 128,824 168,755
134,824 181,030
Creditors: amounts falling due within one year 5 (62,680) (92,025)
Net current assets 72,144 89,005
Total assets less current liabilities 98,867 125,472
Creditors: amounts falling due after more than one year 6 (11,572) (17,868)
Net assets 87,295 107,604
Capital and reserves
Called up share capital 100 100
Profit and loss account 87,195 107,504
Shareholders' funds 87,295 107,604
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
P Agbaba
Director
Approved by the board on 22 May 2025
C B M Academy Limited
Notes to the Accounts
for the year ended 30 September 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:
Office equipment and furniture 25% on reducing balance
Leasehold property Over the period of the lease
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold property Office equipment Total
£ £ £
Cost
At 1 October 2023 4,813 95,921 100,734
At 30 September 2024 4,813 95,921 100,734
Depreciation
At 1 October 2023 3,470 60,797 64,267
Charge for the year 963 8,781 9,744
At 30 September 2024 4,433 69,578 74,011
Net book value
At 30 September 2024 380 26,343 26,723
At 30 September 2023 1,343 35,124 36,467
4 Debtors 2024 2023
£ £
Trade debtors - 130
Prepayments - 6,145
Other debtors 6,000 6,000
6,000 12,275
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,868 12,067
Trade creditors 2,428 16,594
Corporation tax 4,288 6,396
Other taxes and social security costs 20,094 12,169
Directors current account 5,000 5,000
Accrued expenses 1,050 950
Student deposits 17,952 16,859
Other creditors - 21,990
62,680 92,025
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,572 17,868
The bank loan is unsecured and received under the Government's 'Bounce Back Loan' scheme.
7 Other information
C B M Academy Limited is a private company limited by shares and incorporated in England. Its registered office is:
151 Freston Road
Unit E
London
England
W10 6TH
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