Beech House School Limited 31/08/2020 iXBRL

Beech House School Limited 31/08/2020 iXBRL

BEECH HOUSE SCHOOL LIMITED - Company Information

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44 31/08/2020 2020-08-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2019-09-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 02858947 2019-09-01 2020-08-31 02858947 2020-08-31 02858947 2019-08-31 02858947 2018-09-01 2019-08-31 02858947 2019-08-31 02858947 core:LandBuildings core:OwnedOrFreeholdAssets 2019-09-01 2020-08-31 02858947 core:FurnitureFittingsToolsEquipment 2019-09-01 2020-08-31 02858947 core:MotorVehicles 2019-09-01 2020-08-31 02858947 bus:RegisteredOffice 2019-09-01 2020-08-31 02858947 bus:LeadAgentIfApplicable 2019-09-01 2020-08-31 02858947 bus:Director1 2019-09-01 2020-08-31 02858947 bus:CompanySecretary1 2019-09-01 2020-08-31 02858947 core:LandBuildings core:OwnedOrFreeholdAssets 2019-08-31 02858947 core:LandBuildings core:LongLeaseholdAssets 2019-08-31 02858947 core:FurnitureFittingsToolsEquipment 2019-08-31 02858947 core:MotorVehicles 2019-08-31 02858947 core:LandBuildings core:OwnedOrFreeholdAssets 2020-08-31 02858947 core:LandBuildings core:LongLeaseholdAssets 2020-08-31 02858947 core:FurnitureFittingsToolsEquipment 2020-08-31 02858947 core:MotorVehicles 2020-08-31 02858947 core:AfterOneYear 2020-08-31 02858947 core:AfterOneYear 2019-08-31 02858947 core:WithinOneYear 2020-08-31 02858947 core:WithinOneYear 2019-08-31 02858947 core:ShareCapital 2020-08-31 02858947 core:ShareCapital 2019-08-31 02858947 core:RevaluationReserve 2020-08-31 02858947 core:RevaluationReserve 2019-08-31 02858947 core:RetainedEarningsAccumulatedLosses 2020-08-31 02858947 core:RetainedEarningsAccumulatedLosses 2019-08-31 02858947 core:LandBuildings core:LongLeaseholdAssets 2019-09-01 2020-08-31 02858947 core:LandBuildings core:OwnedOrFreeholdAssets 2019-08-31 02858947 core:LandBuildings core:LongLeaseholdAssets 2019-08-31 02858947 core:FurnitureFittingsToolsEquipment 2019-08-31 02858947 core:MotorVehicles 2019-08-31 02858947 bus:SmallEntities 2019-09-01 2020-08-31 02858947 bus:AuditExempt-NoAccountantsReport 2019-09-01 2020-08-31 02858947 bus:FullAccounts 2019-09-01 2020-08-31 02858947 bus:SmallCompaniesRegimeForAccounts 2019-09-01 2020-08-31 02858947 bus:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31
Company registration number: 02858947
Beech House School Limited
Unaudited filleted financial statements
31 August 2020
Beech House School Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Beech House School Limited
Directors and other information
Director Mr Kevin Sartain
Secretary Kim Sartain
Company number 02858947
Registered office 184 Manchester Road
Rochdale
Lancashire
OL11 4JQ
Business address 184 Manchester Road
Rochdale
Lancashire
OL11 4JQ
Accountants Wrigley Partington
Sterling House
501 Middleton Road
Chadderton
Oldham
OL9 9LY
Beech House School Limited
Statement of financial position
31 August 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 5 560,466 569,408
_______ _______
560,466 569,408
Current assets
Debtors 6 307,689 293,120
Cash at bank and in hand 246,288 77,563
_______ _______
553,977 370,683
Creditors: amounts falling due
within one year 7 ( 409,874) ( 422,761)
_______ _______
Net current assets/(liabilities) 144,103 ( 52,078)
_______ _______
Total assets less current liabilities 704,569 517,330
Creditors: amounts falling due
after more than one year 8 ( 400,894) ( 318,717)
_______ _______
Net assets 303,675 198,613
_______ _______
Capital and reserves
Called up share capital 200 200
Revaluation reserve 66,000 66,000
Profit and loss account 237,475 132,413
_______ _______
Shareholders funds 303,675 198,613
_______ _______
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 November 2020 , and are signed on behalf of the board by:
Mr Kevin Sartain
Director
Company registration number: 02858947
Beech House School Limited
Notes to the financial statements
Year ended 31 August 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Beech House School Ltd, 184 Manchester Road, Rochdale, Lancashire, OL11 4JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Long leasehold property - Straight line over life of lease
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 44 (2019: 42 ).
5. Tangible assets
Freehold property Long leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 September 2019 473,461 86,289 350,575 25,000 935,325
Additions - - 4,668 2,484 7,152
_______ _______ _______ _______ _______
At 31 August 2020 473,461 86,289 355,243 27,484 942,477
_______ _______ _______ _______ _______
Depreciation
At 1 September 2019 - 74,138 276,662 15,117 365,917
Charge for the year - 1,215 11,787 3,092 16,094
_______ _______ _______ _______ _______
At 31 August 2020 - 75,353 288,449 18,209 382,011
_______ _______ _______ _______ _______
Carrying amount
At 31 August 2020 473,461 10,936 66,794 9,275 560,466
_______ _______ _______ _______ _______
At 31 August 2019 473,461 12,151 73,913 9,883 569,408
_______ _______ _______ _______ _______
6. Debtors
2020 2019
£ £
Trade debtors 247,534 279,255
Other debtors 60,155 13,865
_______ _______
307,689 293,120
_______ _______
7. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 1,052 908
Social security and other taxes 9,868 9,463
Other creditors 398,954 412,390
_______ _______
409,874 422,761
_______ _______
8. Creditors: amounts falling due after more than one year
2020 2019
£ £
Bank loans and overdrafts 150,000 -
Other creditors 250,894 318,717
_______ _______
400,894 318,717
_______ _______