Bury Academy of Performing Arts Ltd - Accounts to registrar (filleted) - small 18.1

Bury Academy of Performing Arts Ltd - Accounts to registrar (filleted) - small 18.1

BURY ACADEMY OF PERFORMING ARTS LTD - Company Information

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REGISTERED NUMBER: 05331237 (England and Wales)















Financial Statements for the Year Ended 31 January 2018

for

Bury Academy of Performing Arts Ltd
Bury Academy of Performing Arts Ltd (Registered number: 05331237)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bury Academy of Performing Arts Ltd

Company Information
for the Year Ended 31 January 2018







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
Page 1
Bury Academy of Performing Arts Ltd (Registered number: 05331237)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 2,791 3,721

CURRENT ASSETS
Debtors 4 27,951 27,951
Cash at bank and in hand 3,377 2,792
31,328 30,743
CREDITORS
Amounts falling due within one year 5 6,045 6,190
NET CURRENT ASSETS 25,283 24,553
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,074
28,274

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 28,072 28,272
SHAREHOLDERS' FUNDS 28,074 28,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 17 August 2018 and were signed on its behalf by:





Mr P Godby - Director


The notes form part of these financial statements

Page 2
Bury Academy of Performing Arts Ltd (Registered number: 05331237)

Notes to the Financial Statements
for the Year Ended 31 January 2018

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Page 3 continued...
Bury Academy of Performing Arts Ltd (Registered number: 05331237)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

3. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2017
and 31 January 2018 34,044
DEPRECIATION
At 1 February 2017 30,323
Charge for year 930
At 31 January 2018 31,253
NET BOOK VALUE
At 31 January 2018 2,791
At 31 January 2017 3,721

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Amounts owed by group undertakings 15,000 15,000
Other debtors 12,951 12,951
27,951 27,951

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Amounts owed to group undertakings 5,745 5,745
Taxation and social security - 85
Other creditors 300 360
6,045 6,190

Page 4