Company registration number 09063403 (England and Wales)
THE DERBY ACADEMY (CITY ROAD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
THE DERBY ACADEMY (CITY ROAD) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE DERBY ACADEMY (CITY ROAD) LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,419,838
720,301
Current assets
Debtors
4
311,277
311,782
Cash at bank and in hand
23,457
46,507
334,734
358,289
Creditors: amounts falling due within one year
5
(774,357)
(558,466)
Net current liabilities
(439,623)
(200,177)
Total assets less current liabilities
980,215
520,124
Creditors: amounts falling due after more than one year
6
(454,500)
-
0
Provisions for liabilities
(6,660)
(7,121)
Net assets
519,055
513,003
Capital and reserves
Called up share capital
118
100
Share premium account
49,982
-
0
Profit and loss reserves
468,955
512,903
Total equity
519,055
513,003
THE DERBY ACADEMY (CITY ROAD) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 January 2026
Mr Damien Walters
Director
Company registration number 09063403 (England and Wales)
THE DERBY ACADEMY (CITY ROAD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

The Derby Academy (City Road) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Oak Cottage, Dale Road, Derby, DE21 7DN. The company registration number is 09063403.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Plant and equipment
15% reducing balance
Computer equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

THE DERBY ACADEMY (CITY ROAD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
690,967
94,621
785,588
Additions
703,399
2,525
705,924
At 31 May 2025
1,394,366
97,146
1,491,512
Depreciation and impairment
At 1 June 2024
-
0
65,287
65,287
Depreciation charged in the year
-
0
6,387
6,387
At 31 May 2025
-
0
71,674
71,674
Carrying amount
At 31 May 2025
1,394,366
25,472
1,419,838
At 31 May 2024
690,967
29,334
720,301
THE DERBY ACADEMY (CITY ROAD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
303,675
309,950
Other debtors
7,602
1,832
311,277
311,782
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,800
60,831
Corporation tax
9,045
53,871
Other taxation and social security
197
7,249
Other creditors
763,315
436,515
774,357
558,466
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
454,500
-
0
7
Prior Period Adjustments

Following a review of the prior year’s financial statements, it was identified that dividends had been overstated during the 31 July 2024 financial year. The corrections affect the balance sheet and the statement of changes in equity. The prior year figures have been adjusted for in respect of these and restatements have been made in the financial statements. This has been summarised below:

| As previously stated £ | Adjustment £ | As restated £
Dividends | 122,000 | (64,000) | 58,000
Profit and loss reserves | 448,903 | 64,000 | 512,903
Other creditors | 500,515 | (64,000) | 436,515

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