ACADEMY 1 GROUP LTD

ACADEMY 1 GROUP LTD - Company Information

2019-04-012020-03-312020-03-31false11259744ACADEMY 1 GROUP 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ACADEMY 1 GROUP LTD

Registered Number
11259744
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2020

ACADEMY 1 GROUP LTD

Company Information
for the year from 1 April 2019 to 31 March 2020


Directors	VAUGHAN, Paul Alan


Registered Address	The Old Granary
	Dunton Road
	Laindon
	SS15 4DB


Registered Number	11259744 (England and Wales)

ACADEMY 1 GROUP LTD

Balance Sheet as at
31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Investments	4	315	350
Current assets
Debtors	6	121,829	11,003
Cash at bank and on hand		3,271	163,261
Creditors amounts falling due within one year	7	(52,287)	(106,450)
Net current assets (liabilities)		72,813	67,814
Total assets less current liabilities		73,128	68,164
Creditors amounts falling due after one year	8		(29)
Net assets		73,128	68,135
Capital and reserves
Called up share capital		100	100
Profit and loss account		73,028	68,035
Shareholders' funds		73,128	68,135

The company was entitled to exemption from audit for this reporting period 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 8 December 2020, and are signed on its behalf by:

VAUGHAN, Paul Alan
Director
Registered Company No. 11259744

ACADEMY 1 GROUP LTD

Notes to the Financial Statements
for the year ended 31 March 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

3.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	1		1

4.	FIXED ASSET INVESTMENTS

		Total £
	Cost or valuation
	At 01 April 19	350
	Disposals	(35)
	At 31 March 20	315
	Net book value
	At 31 March 20	315
	At 31 March 19	350

5.	DIVIDENDS PROPOSED AND PAYABLE

		2020 £		2019 £
	Dividends Paid	63,245		67,000
	Total	63,245		67,000

6.	DEBTORS
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

DEBTORS

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2020 £	2019 £
Amounts owed by group undertakings	118,331	6,001
Other debtors	3,498	5,002
Total	121,829	11,003

7.	CREDITORS WITHIN ONE YEAR
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	2020 £	2019 £
Trade creditors / trade payables	35,000
Amounts owed to related parties		97,215
Taxation and social security	17,287	8,268
Other creditors		967
Total	52,287	106,450

8.	CREDITORS AFTER ONE YEAR
	Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

		2020 £		2019 £
	Other creditors			29
	Total	0		29