Science Academy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09076414

Science Academy Limited

Filleted Unaudited Financial Statements

30 June 2025

Science Academy Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	5	127,461	128,079
Cash at bank and in hand		76,092	32,706
		---------	---------
		203,553	160,785

Creditors: amounts falling due within one year	6	100,145		57,372
		---------		---------
Net current assets			103,408	103,413
			---------	---------
Total assets less current liabilities			103,408	103,413
			---------	---------
Net assets			103,408	103,413
			---------	---------

Capital and reserves

Called up share capital	7	2	2
Profit and loss account		103,406	103,411
		---------	---------
Shareholders funds		103,408	103,413
		---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 June 2026 , and are signed on behalf of the board by:

Mr S. Sirpal
Director

Company registration number: 09076414

Science Academy Limited

Notes to the Financial Statements

Year ended 30 June 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 224 - 226 Albert Road, Handsworth, Birmingham, B21 9JT.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.

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.

4. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	–	11,902
	----	--------
Tax on (loss)/profit	–	11,902
	----	--------

Reconciliation of tax expense

The tax assessed on the (loss)/profit on ordinary activities for the year is the same as (2024: the same as) the standard rate of corporation tax in the UK of 19 % (2024: 23.98 %).

	2025	2024
	£	£
(Loss)/profit on ordinary activities before taxation	( 5)	49,630
	----	--------
(Loss)/profit on ordinary activities by rate of tax	–	11,902
	----	--------

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	92,221	92,839
Other debtors	35,240	35,240
	---------	---------
	127,461	128,079
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	422
Amounts owed to group undertakings and undertakings in which the company has a participating interest	87,967	40,978
Corporation tax	11,540	15,334
Other creditors	638	638
	---------	--------
	100,145	57,372
	---------	--------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

8. Director's advances, credits and guarantees

At the period-end the director owed the company £35,000 (£35,000 - 2024). the loan is interest-free but repayable on demand.

9. Related party transactions

Included within debtors is an amount due of £92,221 (£92,839 - 2024) due from English Maths Science Tuition Centre Limited, an associated Company. The Directors/Shareholders are common to both Companies. The loan is interest free and for an indefinite period, however it is repayable on demand. Included within creditors is an amount of £87,966 (£40,978dr - 2024) due to Exam Centre Birmingham Limited, an associated Company. The Directors/Shareholders are common to both Companies. The loan is interest free and for an indefinite period, however it is repayable on demand.