Active English Academy Limited - Accounts to registrar (filleted) - small 18.2
Active English Academy Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Active English Academy Limited |
| Unaudited Financial Statements |
| For The Period 1 July 2020 to 29 June 2021 |
| Active English Academy Limited (Registered number: 06406862) |
| Contents of the Financial Statements |
| For The Period 1 July 2020 to 29 June 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Active English Academy Limited |
| Company Information |
| For The Period 1 July 2020 to 29 June 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| St George's House |
| 56 Peter Street |
| Manchester |
| M2 3NQ |
| Active English Academy Limited (Registered number: 06406862) |
| Balance Sheet |
| 29 June 2021 |
| 2021 | 2020 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | (143,994 | ) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Active English Academy Limited (Registered number: 06406862) |
| Balance Sheet - continued |
| 29 June 2021 |
| 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 and authorised for issue on |
| Active English Academy Limited (Registered number: 06406862) |
| Notes to the Financial Statements |
| For The Period 1 July 2020 to 29 June 2021 |
| 1. | STATUTORY INFORMATION |
| Active English Academy Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The parent company will continue to provide financial assistance and as such the directors believe it is appropriate to prepare the accounts on going concern basis. |
| Turnover |
| Turnover represents amounts chargeable in respect of the sale of goods and services to customers. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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 period 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Active English Academy Limited (Registered number: 06406862) |
| Notes to the Financial Statements - continued |
| For The Period 1 July 2020 to 29 June 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 July 2020 |
| Impairments | (192,500 | ) |
| At 29 June 2021 |
| AMORTISATION |
| At 1 July 2020 |
| and 29 June 2021 |
| NET BOOK VALUE |
| At 29 June 2021 |
| At 30 June 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2020 |
| Disposals | ( |
) |
| At 29 June 2021 |
| DEPRECIATION |
| At 1 July 2020 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 29 June 2021 |
| NET BOOK VALUE |
| At 29 June 2021 |
| At 30 June 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| as | restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| Active English Academy Limited (Registered number: 06406862) |
| Notes to the Financial Statements - continued |
| For The Period 1 July 2020 to 29 June 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| as | restated |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| as | restated |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 24,360 | - |
| 9. | RELATED PARTY DISCLOSURES |
| Accord Language Schools Limited |
| Parent company |
| Management fee and recharge invoices of £0 (2020: £66,236) were received from Accord Language Schools Limited for the period. |
| Expenditure recharges of £nil (2020: £5,436) were invoiced to Accord Language Schools Limited for the period. |
| Included within debtors is a balance of £nil (2020: £7,528) due from Accord Language Schools Limited. |
| Included within creditors is a balance of £317,673 (2020: £266,210) payable to Accord Language Schools Limited. |
| Active Languages Limited |
| A related company (common Directors) |
| Rent and expenditure recharge invoices of £nil (2020: £11,619) were received from Active Languages Limited for the period. |
| Expenditure recharges of £nil (2020: £5,436) were invoiced to Active Languages Limited for the period. |
| Included in other debtors is a balance of £nil (2020: £2,944) due from Active Languages Limited. |
| Included in trade creditors is a balance of £22,825 (2020: £30,733) due to Active Languages Limited. |