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A & L Dance Academy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Xebra Accounting Fareham Limited
5 Funtley Court
Funtley Hill
Fareham
Hampshire
PO16 7UY

A & L Dance Academy Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

A & L Dance Academy Limited

Company Information

Directors

Alex Ivanets Lisa Ivanets

Registered office

5 Funtley Court Funtley Hill Fareham Hampshire PO16 7UY

Accountants

Xebra Accounting Fareham Limited 5 Funtley Court Funtley Hill Fareham Hampshire PO16 7UY

Page 1

A & L Dance Academy Limited

(Registration number: 07155999)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	3	6,787	8,815
Current assets
Cash at bank and in hand		92,849	81,099
Creditors: Amounts falling due within one year	4	(31,719)	(39,030)
Net current assets		61,130	42,069
Net assets		67,917	50,884
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		67,817	50,784
Total equity		67,917	50,884

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 December 2018 and signed on its behalf by:
 

.........................................

Alex Ivanets
Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

A & L Dance Academy Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Funtley Court
Funtley Hill
Fareham
Hampshire
PO16 7UY

These financial statements were authorised for issue by the Board on 21 December 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Page 3

A & L Dance Academy Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 4

A & L Dance Academy Limited

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

3	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2017	20,281	20,281
At 31 March 2018	20,281	20,281
Depreciation
At 1 April 2017	11,466	11,466
Charge for the year	2,028	2,028
At 31 March 2018	13,494	13,494
Carrying amount
At 31 March 2018	6,787	6,787
At 31 March 2017	8,815	8,815

4

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	-	2,280
Accruals and deferred income	2,280	5,400
Other creditors	29,439	31,350
	31,719	39,030