LONDON ACADEMY OF EXCELLENCE


LONDON ACADEMY OF EXCELLENCE

Company limited by guarantee

Company Registration Number:
07643795 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2022

Period of accounts

Start date: 1 September 2021

End date: 31 August 2022

LONDON ACADEMY OF EXCELLENCE

Contents of the Financial Statements

for the Period Ended 31 August 2022

Balance sheet
Additional notes
Balance sheet notes

LONDON ACADEMY OF EXCELLENCE

Balance sheet

As at 31 August 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets: 3 131 480
Total fixed assets: 131 480
Current assets
Stocks: 4 3 3
Debtors: 5 181 157
Cash at bank and in hand: 3,095 2,356
Total current assets: 3,279 2,516
Creditors: amounts falling due within one year: 6 ( 665 ) ( 614 )
Net current assets (liabilities): 2,614 1,902
Total assets less current liabilities: 2,745 2,382
Provision for liabilities: ( 68 ) ( 1,073 )
Total net assets (liabilities): 2,677 1,309
Members' funds
Profit and loss account: 2,677 1,309
Total members' funds: 2,677 1,309

The notes form part of these financial statements

LONDON ACADEMY OF EXCELLENCE

Balance sheet statements

For the year ending 31 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 December 2022
and signed on behalf of the board by:

Name: Tony Little
Status: Director

The notes form part of these financial statements

LONDON ACADEMY OF EXCELLENCE

Notes to the Financial Statements

for the Period Ended 31 August 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets other than freehold land, at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful lives, as follows:Leasehold building improvements Over the life of the leaseFurniture and equipment 20% Computer equipment 33%

LONDON ACADEMY OF EXCELLENCE

Notes to the Financial Statements

for the Period Ended 31 August 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 63 65

LONDON ACADEMY OF EXCELLENCE

Notes to the Financial Statements

for the Period Ended 31 August 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 September 2021 0 4,820 4,820
Additions 0 112 112
Disposals 0 0
Revaluations 0 0 0
Transfers 0 0
At 31 August 2022 0 4,932 4,932
Amortisation
At 1 September 2021 0 4,340 4,340
Charge for year 0 461 461
On disposals 0 0 0
Other adjustments 0 0 0
At 31 August 2022 0 4,801 4,801
Net book value
At 31 August 2022 0 131 131
At 31 August 2021 0 480 480

LONDON ACADEMY OF EXCELLENCE

Notes to the Financial Statements

for the Period Ended 31 August 2022

4. Stocks

2022 2021
£ £
Stocks 3 3
Total 3 3

LONDON ACADEMY OF EXCELLENCE

Notes to the Financial Statements

for the Period Ended 31 August 2022

5. Debtors

2022 2021
£ £
Trade debtors 88 28
Prepayments and accrued income 84 126
Other debtors 9 3
Total 181 157

LONDON ACADEMY OF EXCELLENCE

Notes to the Financial Statements

for the Period Ended 31 August 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 45 34
Taxation and social security 108 62
Accruals and deferred income 478 458
Other creditors 34 60
Total 665 614