Liverpool Media Academy Limited - Accounts to registrar (filleted) - small 18.2
Liverpool Media Academy Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2020 |
for |
Liverpool Media Academy Limited |
Liverpool Media Academy Limited (Registered number: 06906693) |
Contents of the Financial Statements |
for the Year Ended 31 July 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Liverpool Media Academy Limited |
Company Information |
for the Year Ended 31 July 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3rd Floor Pacific Chambers |
11-13 Victoria Street |
Liverpool |
Merseyside |
L2 5QQ |
Liverpool Media Academy Limited (Registered number: 06906693) |
Balance Sheet |
31 July 2020 |
31.7.20 | 31.7.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | 1,414,431 | 733,839 |
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. |
Liverpool Media Academy Limited (Registered number: 06906693) |
Balance Sheet - continued |
31 July 2020 |
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 |
Liverpool Media Academy Limited (Registered number: 06906693) |
Notes to the Financial Statements |
for the Year Ended 31 July 2020 |
1. | STATUTORY INFORMATION |
Liverpool Media Academy Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover 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 |
Plant and machinery etc | - |
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. |
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 |
Liverpool Media Academy Limited (Registered number: 06906693) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2020 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 August 2019 |
Additions |
At 31 July 2020 |
DEPRECIATION |
At 1 August 2019 |
Charge for year |
At 31 July 2020 |
NET BOOK VALUE |
At 31 July 2020 |
At 31 July 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Escrow | 75,000 | 75,000 |
Amounts owed by group undertakings |
Other debtors |
R&D Claim | 65,000 | 100,000 |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 410,000 | 260,910 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Other creditors |
Liverpool Media Academy Limited (Registered number: 06906693) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2020 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.20 | 31.7.19 |
value: | £ | £ |
Ordinary | £1 | 200 | 200 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2019 |
Profit for the year |
Dividends | ( |
) |
At 31 July 2020 |
10. | CAPITAL COMMITMENTS |
31.7.20 | 31.7.19 |
£ | £ |
Contracted but not provided for in the |
financial statements |
11. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
12. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of LMA (Holdings) Limited, which is the ultimate controlling party. |