Task Academy Ltd - Accounts to registrar (filleted) - small 18.2
Task Academy Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the Period 25th February 2021 to 28th February 2022 |
for |
Task Academy Ltd |
Task Academy Ltd (Registered number: 13227106) |
Contents of the Financial Statements |
for the Period 25th February 2021 to 28th February 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Task Academy Ltd |
Company Information |
for the Period 25th February 2021 to 28th February 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thorneloe House |
25 Barbourne Road |
Worcester |
Worcestershire |
WR1 1RU |
Task Academy Ltd (Registered number: 13227106) |
Abridged Balance Sheet |
28th February 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Task Academy Ltd (Registered number: 13227106) |
Notes to the Financial Statements |
for the Period 25th February 2021 to 28th February 2022 |
1. | STATUTORY INFORMATION |
Task Academy Ltd is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TANGIBLE FIXED ASSETS |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
TAXATION |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
GOVERNMENT GRANTS |
Income from Government Grants is recognised in the profit and loss in the same period in which the related expense is incurred. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
Task Academy Ltd (Registered number: 13227106) |
Notes to the Financial Statements - continued |
for the Period 25th February 2021 to 28th February 2022 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 28th February 2022 |
DEPRECIATION |
Charge for period |
At 28th February 2022 |
NET BOOK VALUE |
At 28th February 2022 |
5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 28th February 2022: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period |
6. | RELATED PARTY DISCLOSURES |
During the year the company received an interest free loan from related company Keyscape Design & Construction Limited, the balance outstanding at the year end was £75,252. |
7. | GOING CONCERN |
The company is expected to start making sales in Spring 2022, and the director has agreed to continue supporting the company financially via a loan from a related company. On this basis there are not considered to be any issues with regards to going concern. |