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Registered Number: 07380427
England and Wales

 

 

 

SALFORD ARTS THEATRE



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Directors SJ Ellis
ST Berry
Registered Number 07380427
Registered Office Kemsing Walk
Off Liverpool Street
Salford
M5 4BS
Accountants Houghtons
Chartered Certified Accountants
3 Buckingham Road West
Heaton Moor
Stockport
SK4 4AZ
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 September 2024
Directors
The directors who served the company throughout the year were as follows:
SJ Ellis
ST Berry
Statement of directors' responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf by:


----------------------------------
SJ Ellis
Director

Date approved: 18 June 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,692    2,053 
1,692    2,053 
Current assets      
Stocks 4 315    640 
Debtors 5 3,133    2,405 
Cash at bank and in hand 5,461    3,874 
8,909    6,919 
Creditors: amount falling due within one year 6 (9,761)   (10,698)
Net current assets (852)   (3,779)
 
Total assets less current liabilities 840    (1,726)
Net assets 840    (1,726)
 

Capital and reserves
     
Profit and loss account 840    (1,726)
Members' funds 840    (1,726)
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 June 2025 and were signed on its behalf by:


-------------------------------
SJ Ellis
Director
3
  Retained Earnings   Total
£ £
At 01 October 2022 20,730  20,730 
Profit for the year (22,456) (22,456)
Total comprehensive income for the year (22,456) (22,456)
Total investments by and distributions to owners
At 30 September 2023 (1,726) (1,726)
At 01 October 2023 (1,726) (1,726)
Profit for the year 2,566  2,566 
Total comprehensive income for the year 2,566  2,566 
Total investments by and distributions to owners
At 30 September 2024 840  840 
4
General Information
Salford Arts Theatre is a private company, limited by guarantee, registered in England and Wales, registration number 07380427, registration address Kemsing Walk, Off Liverpool Street, Salford, M5 4BS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Corporation tax payable is provided on taxable profit at current rates.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 3 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 0 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 October 2023 5,581    9,003    14,584 
Additions    
Disposals    
At 30 September 2024 5,581    9,003    14,584 
Depreciation
At 01 October 2023 3,590    8,941    12,531 
Charge for year 299    62    361 
On disposals    
At 30 September 2024 3,889    9,003    12,892 
Net book values
Closing balance as at 30 September 2024 1,692      1,692 
Opening balance as at 01 October 2023 1,991    62    2,053 


4.

Stocks

2024
£
  2023
£
Stocks 315    640 
315    640 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Corporation Tax 3,133    2,405 
3,133    2,405 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Accrued Expenses 3,748    6,490 
Directors' Current Accounts 4,545    4,208 
VAT 1,468   
9,761    10,698 

7.

Company Limited by Guarantee

The company is limited by guarantee and therefore has no shares. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 30/09/2024 there were 2 members.
5