Company Registration No. SC612303 (Scotland)
Academy Of Creative Education Ltd
Unaudited accounts
for the year ended 31 October 2024
Academy Of Creative Education Ltd
Unaudited accounts
Contents
Academy Of Creative Education Ltd
Company Information
for the year ended 31 October 2024
Company Number
SC612303 (Scotland)
Registered Office
Third Floor
3 Hill Street
New Town
Edinburgh
Scotland
EH2 3JP
United Kingdom
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Academy Of Creative Education Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
168
60
Creditors: amounts falling due within one year
2,926
5,885
Net current assets
5,302
6,210
Called up share capital
1
1
Profit and loss account
5,301
6,209
Shareholders' funds
5,302
6,210
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2025 and were signed on its behalf by
Xiang Li
Director
Company Registration No. SC612303
Academy Of Creative Education Ltd
Notes to the Accounts
for the year ended 31 October 2024
Academy Of Creative Education Ltd is a private company, limited by shares, registered in Scotland, registration number SC612303. The registered office is Third Floor, 3 Hill Street, New Town, Edinburgh, Scotland, EH2 3JP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amounts falling due within one year
Amounts due from group undertakings etc.
1
1
Accrued income and prepayments
2,207
264
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,457
Loans from directors
(3,346)
(7,762)
Academy Of Creative Education Ltd
Notes to the Accounts
for the year ended 31 October 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The ultimate controlling party is Mr. Xiang Li, who is the director and wholly owned the company's shares.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).