BATH_ACADEMY_LIMITED - Accounts

BATH ACADEMY LIMITED - Company Information

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Company Registration No. 03025819 (England and Wales)

BATH ACADEMY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2014

BATH ACADEMY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BATH ACADEMY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

37,450

40,937

Investments

37,450

40,939

Current assets

Debtors

301,438

698,182

Cash at bank and in hand

214,158

60,757

515,596

758,939

Creditors: amounts falling due within one year

(614,587)

(864,224)

Net current liabilities

(98,991)

(105,285)

Total assets less current liabilities

(61,541)

(64,346)

Provisions for liabilities

(6,844)

(7,303)

(68,385)

(71,649)

Capital and reserves

Called up share capital

100

Profit and loss account

(68,485)

(71,749)

Shareholders' funds

(68,385)

(71,649)

For the financial Period ended 30 June 2014 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 financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 March 2015

D T P Game

Director

Company Registration No. 03025819

BATH ACADEMY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

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

The continued support of the directors and shareholders has been assured for a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors consider the going concern basis to be appropriate.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Over the term of the lease

Fixtures, fittings & equipment

15% per annum

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Revenue recognition

Income is recognised to the extent that it relates to services provided during the year. Income invoiced in advance and deposits received are deferred to the period in which the service is provided.

1.6

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

BATH ACADEMY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 September 2013

154,862

154,864

Additions

3,745

Disposals

(2)

At 30 June 2014

158,607

Depreciation

At 1 September 2013

113,925

Charge for the period

7,232

At 30 June 2014

121,157

Net book value

At 30 June 2014

37,450

At 31 August 2013

40,937

40,939

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

The company disposed of its interest in Cambridge Hostel Limited in September 2013.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100