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Registration number: 06965323

The Academy, Body Piercing School Of Excellence Limited

Director's Report and Unaudited Financial Statements

for the Period from 1 September 2012 to 20 April 2013

 

Clever Accounts Ltd
8 The Stables
Newby Hall
Ripon
North Yorkshire
HG4 5AE

 

The Academy, Body Piercing School Of Excellence Limited
Contents

Company Information

1

Director's Report

2

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6 to 9

The following pages do not form part of the statutory financial statements:

Detailed Profit and Loss Account

10 to 12

 

The Academy, Body Piercing School Of Excellence Limited
Company Information

Director

Mrs Lesley Storer

Registered office

2 Central Road
Alfreton
Derbyshire
DE55 7BH

Accountants

Clever Accounts Ltd
8 The Stables
Newby Hall
Ripon
North Yorkshire
HG4 5AE

Page 1

 

The Academy, Body Piercing School Of Excellence Limited
Director's Report for the Period from 1 September 2012 to 20 April 2013

The director presents her report and the unaudited financial statements for the period from 1 September 2012 to 20 April 2013.

Director of the company

The director who held office during the period was as follows:

Mrs Lesley Storer

Principal activity

The principal activity of the company is body piercing school.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 1 October 2013 and signed on its behalf by:

\s1\

.........................................
Mrs Lesley Storer
Director

Page 2

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Academy, Body Piercing School Of Excellence Limited
for the Period Ended 20 April 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Academy, Body Piercing School Of Excellence Limited for the period ended 20 April 2013 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that The Academy, Body Piercing School Of Excellence Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Academy, Body Piercing School Of Excellence Limited. You consider that The Academy, Body Piercing School Of Excellence Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of The Academy, Body Piercing School Of Excellence Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.





\s2\
......................................
Clever Accounts Ltd
8 The Stables
Newby Hall
Ripon
North Yorkshire
HG4 5AE

1 October 2013

Page 3

 

The Academy, Body Piercing School Of Excellence Limited
Profit and Loss Account for the Period from 1 September 2012 to 20 April 2013

 

Note

    

1 September 2012 to 20 April 2013
£

    

Year ended 31 August 2012
£

  

Turnover

  

   

38,552

   

102,566

 

Cost of sales

  

   

(8,512)

   

(35,703)

 

Gross profit

  

   

30,040

   

66,863

 

Administrative expenses

  

   

(19,670)

   

(47,887)

 

Operating profit

  

2

   

10,370

   

18,976

 

Profit on ordinary activities before taxation

  

   

10,370

   

18,976

 

Tax on profit on ordinary activities

  

4

   

(2,161)

   

(1,832)

 

Profit for the financial period

  

10

   

8,209

   

17,144

 

The notes on pages 6 to 9 form an integral part of these financial statements.
Page 4

 

The Academy, Body Piercing School Of Excellence Limited
(Registration number: 06965323)
Balance Sheet at 20 April 2013

 

Note

    

20 April 2013
£

    

31 August 2012
£

  

Fixed assets

  

   

   

 

Tangible fixed assets

  

5

   

1,605

   

2,042

 

Current assets

  

   

   

 

Stocks

  

   

-

    

500

 

Debtors

  

6

   

1,692

   

1,690

 

Cash at bank and in hand

  

   

4,884

   

4,955

 

 

   

6,576

   

7,145

 

Creditors: Amounts falling due within one year

  

7

   

(6,074)

   

(8,617)

 

Net current assets/(liabilities)

  

   

502

   

(1,472)

 

Net assets

  

   

2,107

   

570

 

Capital and reserves

  

   

   

 

Called up share capital

 

8

   

2

   

2

 

Profit and loss account

  

10

   

2,105

   

568

 

Shareholders' funds

  

   

2,107

   

570

 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 20 April 2013 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 1 October 2013

\s1\
.........................................
Mrs Lesley Storer
Director

The notes on pages 6 to 9 form an integral part of these financial statements.
Page 5

 

The Academy, Body Piercing School Of Excellence Limited
Notes to the Financial Statements for the Period from 1 September 2012 to 20 April 2013
......... continued

1

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixture & Fittings

25% Straight Line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Operating profit

Operating profit is stated after charging:

 

1 September 2012 to 20 April 2013
£

    

Year ended 31 August 2012
£

  

 

   

 

Depreciation of tangible fixed assets

  

437

   

437

 

3

Director's remuneration

The director's remuneration for the period was as follows:

Page 6

 

The Academy, Body Piercing School Of Excellence Limited
Notes to the Financial Statements for the Period from 1 September 2012 to 20 April 2013
......... continued

 

1 September 2012 to 20 April 2013
£

    

Year ended 31 August 2012
£

  

 

   

 

Remuneration

  

4,960

   

14,976

 

4

Taxation

Tax on profit on ordinary activities

 

1 September 2012 to 20 April 2013
£

    

Year ended 31 August 2012
£

  

Current tax

  

   

 

Corporation tax charge

  

2,161

   

1,832

 

5

Tangible fixed assets

 

Fixtures and fittings
£

    

Total
£

  

Cost or valuation

  

   

 

At 1 September 2012

  

2,916

   

2,916

 

Depreciation

  

   

 

At 1 September 2012

  

874

   

874

 

Charge for the period

  

437

   

437

 

At 20 April 2013

  

1,311

   

1,311

 

Net book value

  

   

 

At 20 April 2013

  

1,605

   

1,605

 

At 31 August 2012

  

2,042

   

2,042

 

6

Debtors

 

20 April 2013
£

    

31 August 2012
£

  

 

   

 

Other debtors

  

1,692

   

1,690

 

Page 7

 

The Academy, Body Piercing School Of Excellence Limited
Notes to the Financial Statements for the Period from 1 September 2012 to 20 April 2013
......... continued

Debtors includes £nil (2012 - £nil) receivable after more than one year.

 

7

Creditors: Amounts falling due within one year

 

20 April 2013
£

    

31 August 2012
£

  

 

   

 

Trade creditors

  

496

   

495

 

Corporation tax

  

3,966

   

5,328

 

Other taxes and social security

  

1,611

   

2,794

 

Other creditors

  

1

   

-

  

 

6,074

   

8,617

 

8

Share capital

Allotted, called up and fully paid shares

 

20 April 2013

31 August 2012

   

No.

   

£

   

No.

   

£

 

ordinary shares of £1 each

 

2

   

2

   

2

   

2

 
                         

9

Dividends

 

20 April 2013
£

    

31 August 2012
£

  

Dividends paid

  

   

 

Current period interim dividend paid

  

6,672

   

16,650

 

Page 8

 

The Academy, Body Piercing School Of Excellence Limited
Notes to the Financial Statements for the Period from 1 September 2012 to 20 April 2013
......... continued

10

Reserves

 

Profit and loss account
£

    

Total
£

  

 

   

 

At 1 September 2012

  

568

    

568

  

 

   

 

Profit for the period

  

8,209

    

8,209

 

Dividends

  

(6,672)

   

(6,672)

 

At 20 April 2013

  

2,105

    

2,105

  

11

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 9

 

The Academy, Body Piercing School Of Excellence Limited
Detailed Profit and Loss Account for the Period from 1 September 2012 to 20 April 2013

 

1 September 2012 to 20 April 2013

    

Year ended 31 August 2012

  
 

£

    

£

    

£

    

£

  

Turnover (analysed below)

  

   

38,552

   

   

102,566

 

Cost of sales (analysed below)

  

   

(8,512)

   

   

(35,703)

 

Gross profit

  

   

30,040

   

   

66,863

 

Administrative expenses

  

   

   

   

 

Employment costs (analysed below)

  

(8,240)

   

   

(15,366)

   

 

Establishment costs (analysed below)

  

(5,435)

   

   

(11,578)

   

 

General administrative expenses (analysed below)

  

(4,766)

   

   

(19,606)

   

 

Finance charges (analysed below)

  

(792)

   

   

(900)

   

 

Depreciation costs (analysed below)

  

(437)

   

   

(437)

   

 

 

   

(19,670)

   

   

(47,887)

 

Profit on ordinary activities before taxation

  

   

10,370

   

   

18,976

 

This page does not form part of the statutory financial statements
Page 10

 

The Academy, Body Piercing School Of Excellence Limited
Detailed Profit and Loss Account for the Period from 1 September 2012 to 20 April 2013

 

20 April 2013
£

31 August 2012
£

 

   

 

Turnover

  

   

 

Sales, UK

  

38,552

    

102,566

  

 

38,552

    

102,566

  

 

   

 

Cost of sales

  

   

 

Opening stock

  

500

    

500

  

Purchases

  

8,012

    

23,593

  

Closing stock

  

-

    

(500)

 

Subcontract cost

  

-

    

12,110

  

 

8,512

    

35,703

  

 

   

 

Employment costs

  

   

 

Wages and salaries

  

3,280

    

390

  

Directors remuneration

  

4,960

    

14,976

  

 

8,240

    

15,366

  

 

   

 

Establishment costs

  

   

 

Rent and rates

  

4,320

    

6,480

  

Light, heat and power

  

1,115

    

1,967

  

Use of home as office

  

-

    

740

  

Repairs and maintenance

  

-

    

2,391

  

 

5,435

    

11,578

  

 

   

 

General administrative expenses

  

   

 

Telephone and fax

  

394

    

111

  

Office expenses

  

1,607

    

4,664

  

Printing, postage and stationery

  

474

    

1,865

  

Trade subscriptions

  

-

    

575

  

Hire of other assets

  

816

    

3,268

  

Accountancy fees

  

828

    

1,211

  

Motor expenses

  

-

    

1,200

  

Advertising

  

647

    

6,712

  

 

4,766

    

19,606

  

This page does not form part of the statutory financial statements
Page 11

 

The Academy, Body Piercing School Of Excellence Limited
Detailed Profit and Loss Account for the Period from 1 September 2012 to 20 April 2013......... continued

 

20 April 2013
£

31 August 2012
£

 

   

 

Finance charges

  

   

 

Bank charges

  

792

    

900

  

 

   

 

Depreciation costs

  

   

 

Depreciation of fixtures and fittings

  

437

    

437

  

This page does not form part of the statutory financial statements
Page 12