Demetae Academy Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13214023

Demetae Academy Ltd

Filleted Unaudited Financial Statements

31 August 2025

Demetae Academy Ltd

Financial Statements

Year ended 31 August 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Demetae Academy Ltd

Balance Sheet

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	137,070	97,527

Current assets

Stocks		2,500	1,500
Debtors	6	286,228	172,766
Cash at bank and in hand		55,717	76,684
		---------	---------
		344,445	250,950

Creditors: amounts falling due within one year	7	319,560	300,507
		---------	---------
Net current assets/(liabilities)		24,885	( 49,557)
		---------	--------
Total assets less current liabilities		161,955	47,970

Creditors: amounts falling due after more than one year	8	99,970	41,670

Provisions	18,490	5,210
	---------	--------
Net assets	43,495	1,090
	---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	43,395	990
	--------	-------
Shareholders funds	43,495	1,090
	--------	-------

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 profit and loss account has not been delivered.

For the year ending 31 August 2025 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 .

Demetae Academy Ltd

Balance Sheet (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

Mr M Davies

Director

Company registration number: 13214023

Demetae Academy Ltd

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU. The company registration number is 13214023 .

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. School fees are invoiced termly for autumn, spring and summer and revenue is recognised on the first day of the relevant term.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible amounts 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.

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:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	20% reducing balance
Equipment	-	33% 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 17 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	850	22,293	107,319	10,625	141,087
Additions	–	5,573	68,530	5,038	79,141
Disposals	–	–	( 9,495)	–	( 9,495)
	----	--------	---------	--------	---------
At 31 August 2025	850	27,866	166,354	15,663	210,733
	----	--------	---------	--------	---------
Depreciation
At 1 September 2024	328	6,238	29,316	7,678	43,560
Charge for the year	105	3,165	28,091	2,160	33,521
Disposals	–	–	( 3,418)	–	( 3,418)
	----	--------	---------	--------	---------
At 31 August 2025	433	9,403	53,989	9,838	73,663
	----	--------	---------	--------	---------
Carrying amount
At 31 August 2025	417	18,463	112,365	5,825	137,070
	----	--------	---------	--------	---------
At 31 August 2024	522	16,055	78,003	2,947	97,527
	----	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	88,727	111,899
Other debtors	197,501	60,867
	---------	---------
	286,228	172,766
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	30,031	–
Trade creditors	19,374	2,410
Corporation tax	86,211	40,276
Social security and other taxes	57,953	6,722
Other creditors	125,991	251,099
	---------	---------
	319,560	300,507
	---------	---------

A personal guarantee has been provided by a director in respect of a loan totalling £13,387 (2024 - £nil).

Hire purchase liabilities of £6,337 (2024 - £16,235) are secured against the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	76,551	–
Other creditors	23,419	41,670
	--------	--------
	99,970	41,670
	--------	--------

A personal guarantee has been provided by a director in respect of a loan totalling £35,265 (2024 - £nil).

Hire purchase liabilities of £23,419 (2024 - £41,670) are secured against the assets to which they relate.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	34,000	34,000
Later than 1 year and not later than 5 years	136,000	136,000
Later than 5 years	70,500	104,500
	---------	---------
	240,500	274,500
	---------	---------

10. Directors' advances, credits and guarantees

During the year, a director maintained a current account with the company. The balance at the start of the year totalled £53,934 (2024: £36,724) and was included within other debtors (2024: other debtors). Total advances during the year were £89,276 (2024: £129,210). Total repayments during the year were £95,617 (2024: £112,000). The balance at the end of the year totalled £47,593 (2024: £53,934) and is included within other debtors (2024: other debtors). All advances were made on an interest free basis.