Company Registration No. 07033166 (England and Wales)
Academy of Science Technology and Management Ltd.
Unaudited accounts
for the year ended 31 May 2020
Academy of Science Technology and Management Ltd.
Statement of financial position
as at
31 May 2020
Cash at bank and in hand
745,935
601,495
Creditors: amounts falling due within one year
(317,912)
(301,761)
Net current assets
656,559
403,324
Net assets
656,559
403,324
Called up share capital
103,000
103,000
Profit and loss account
553,559
300,324
Shareholders' funds
656,559
403,324
For the year ending 31 May 2020 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2020 and were signed on its behalf by
Ambrish Shashikant Joijode
Director
Company Registration No. 07033166
Academy of Science Technology and Management Ltd.
Notes to the Accounts
for the year ended 31 May 2020
Academy of Science Technology and Management Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07033166. The registered office is ARCHWAY HOUSE, BRIDGE STREET, OLDHAM, OL1 1ED, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Other debtors
228,536
34,590
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
73,785
72,223
Other creditors
39,127
3,338
At the balance sheet date, the director, Mr. Ambrish, owed to the company £45,241 which bear interest and the amount was repaid on 31/10/2020.
7
Average number of employees
During the year the average number of employees was 21 (2019: 4).