Anglia Regional Theatre School Ltd
|
Registered Number
:
07514558
|
For the year ended 31 May 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2017
Anglia Regional Theatre School Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Anglia Regional Theatre School Ltd
Statement of Financial Position
2016
2017
14,000
15,000
2
Property
,
plant and equipment
|
10,997
8,916
3
24,997
23,916
2,955
3,005
Trade and other receivables
|
7,163
2,733
4
29,219
Cash and cash equivalents
|
31,835
37,573
39,337
Trade and other payables
:
amounts falling due within one year
|
(51,318)
(44,474)
5
(11,981)
(6,901)
Net current liabilities
Total assets less current liabilities
|
18,096
11,935
(1,230)
(803)
Provisions for liabilities
|
16,866
Net assets
11,132
2
2
16,864
11,130
16,866
11,132
Shareholders' funds
For the year ended 31 May 2017 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 of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 Income Statement has not been delivered
.
|
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.
|
Mrs Janet Margaret Burke Director
|
These financial statements were approved and authorised for issue by the Board on 19 December 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 May 2017
Anglia Regional Theatre School Ltd
Notes to the Financial Statements
Statutory Information
Anglia Regional Theatre School Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
07514558
.
|
Principal place of business
:
|
The Old School
Ipswich Road
Newton Flotman
Norwich
NR15 1PN
49 Castle Rising Road
South Wootton
King's Lynn
Norfolk
PE30 3JA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a stragiht line basis over the estimated expected useful economic life of the goodwill of 20 years.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Short leasehold
Leasehold property improvement
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 May 2017
Anglia Regional Theatre School Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
20,000
20,000
5,000
1,000
Charge for year
6,000
14,000
15,000
3
.
Property
,
plant and equipment
|
Leasehold
|
property
|
improvement
|
Short leasehold
19,515
16,253
2,832
430
4,802
4,802
-
-
430
2,832
21,055
24,317
Provision for depreciation and impairment
|
10,599
10,169
-
430
Charge for year
2,721
2,721
-
-
13,320
12,890
-
430
-
2,832
8,165
10,997
-
2,832
6,084
8,916
4
.
Trade and other receivables
|
2016
2017
1,336
374
1,397
6,789
7,163
2,733
3 of 4
For the year ended 31 May 2017
Anglia Regional Theatre School Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
9,035
9,034
Taxation and social security
|
4,370
7,386
31,069
34,898
44,474
51,318
6
.
Related party transactions
|
Name
:
Janet Burke
&
Victoria Winship
|
Current Year
: (
28
,
193
)
|
Previous Year
: (
32
,
163
)
|
Related Party Transactions
|
The debit movement of £
3
,
970
is represented by drawings
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 2 - (2016 : 2)
4 of 4