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A & L Dance Academy Limited
Registered Number:07155999
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
A & L Dance Academy Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
A & L Dance Academy Limited
Statement of Financial Position
Registered Number :
07155999
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
8,815
10,340
2
8,815
10,340
Current assets
45,080
Cash and cash equivalents
81,099
81,099
45,080
Trade and other payables: amounts falling due within one
year
(27,263)
(39,030)
3
17,817
42,069
Net current assets
Total assets less current liabilities
50,884
28,157
50,884
Net assets
28,157
Capital and reserves
Called up share capital
100
100
Retained earnings
50,784
28,057
50,884
28,157
Shareholders' funds
For the year ended 31 March 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 March 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.
Mr O Ivanets Director
These financial statements were approved and authorised for issue by the Board on 22 December 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
A & L Dance Academy Limited
Notes to the Financial Statements
Statutory Information
A & L Dance Academy Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07155999.
Principal place of business:
Unit 4 Solent Industrial Estate
Shamblehurst Lane
Hedge End
Hampshire
SO30 2FX
Registered address:
5 Funtley Court
Funtley Hill
Fareham
Hampshire
PO16 7UY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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.
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:
10% per annum on cost
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2017
A & L Dance Academy Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 April 2016
19,778
503
Additions
At 31 March 2017
20,281
Provision for depreciation and impairment
At 01 April 2016
9,438
Charge for year
2,028
At 31 March 2017
11,466
At 31 March 2017
Net book value
8,815
At 31 March 2016
10,340
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
2,280
-
Taxation and social security
6,159
1,449
Other creditors
30,591
25,814
39,030
27,263
4. Related party transactions
The ultimate controlling party of the company in the year under review was Mr O Ivanets by virtue of his 60%
ownership of the voting share capital.
5. Average number of persons employed
During the year the average number of employees was 2 (2016 : 2)
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