Bury Academy of Performing Arts Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05331237 (England and Wales)

Financial Statements for the Year Ended 31 January 2019

for

Bury Academy of Performing Arts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C Godby

Mr P Godby

SECRETARY:

Mr P Godby

REGISTERED OFFICE:

3 The Rock

Bury

Greater Manchester

BL9 0JP

REGISTERED NUMBER:

05331237 (England and Wales)

ACCOUNTANTS:

Rowlinson Rainbow & Company

5/7 New Road

Radcliffe

Greater Manchester

M26 1LS

FIXED ASSETS

Property, plant and equipment

4

2,093

2,791

CURRENT ASSETS

Debtors

5

27,991

27,951

Cash at bank and in hand

1,153

3,377

29,144

31,328

CREDITORS

Amounts falling due within one year

6

4,606

6,045

NET CURRENT ASSETS

24,538

25,283

TOTAL ASSETS LESS CURRENT LIABILITIES

26,631

28,074

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

26,629

28,072

SHAREHOLDERS' FUNDS

26,631

28,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 October 2019 and were signed on its behalf by:

Mr P Godby - Director

1.	STATUTORY INFORMATION

Bury Academy of Performing Arts Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 February 2018

and 31 January 2019

34,044

DEPRECIATION

At 1 February 2018

31,253

Charge for year

698

At 31 January 2019

31,951

NET BOOK VALUE

At 31 January 2019

2,093

At 31 January 2018

2,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Amounts owed by group undertakings

15,000

15,000

Other debtors

12,991

12,951

27,991

27,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Amounts owed to group undertakings

4,318

5,745

Other creditors

288

300

4,606

6,045